Tags: doctors | retire | early

Report: More Doctors Plan to Retire Early

Saturday, 23 Mar 2013 11:23 AM

By Matthew Auerbach

A majority of physicians see a somewhat bleak future for medicine, pointing to eroding independence and shrinking income, reports everydayhealth.com.

According to a survey from the Deloitte Center for Health Solutions of more than 600 doctors, six in 10 physicians said they expect many of their colleagues to retire earlier than planned in the next 1 to 3 years.

That perception cuts across age, gender and specialty.

Another 55 percent of doctors surveyed believe many of their colleagues will cut back on their hours because of the way medicine is changing, although the survey didn't delineate on how it was changing.

Seventy-five percent believe the best and brightest may not consider a career in medicine, an increase from the 2011 survey result of 69 percent.

“Physicians recognize ‘the new normal’ will necessitate major changes in the profession that require them to practice in different settings as part of a larger organization that uses technologies and team-based models for consumer (patient) care,” the survey's findings stated.

Approximately two-thirds of those surveyed said they believe physicians and hospitals will work together more closely in coming years.

Results found that in the last 2 years, 31 percent moved into a larger practice.

Nearly eight in 10 believe midlevel providers will play a larger role in directing primary care.

Four in 10 doctors reported their take-home pay decreased from 2011 to 2012, with more than half said their pay cut was 10 percent or less, according to the survey.

Among physicians reporting a pay cut, four in 10 blame Obamacare and 48 percent of all doctors believed their income would drop again in 2013 as a result of the health reform law.

It wasn’t all bad news, however.

Seventy percent of doctors said they were satisfied about practicing medicine, although that number was lower for primary care providers and higher for younger age groups.

Dissatisfaction was blamed on less one-on-one time with patients, longer hours, and dealing with Medicare, Medicaid, and government regulations.

Deloitte mailed the survey to more than 20,000 physicians selected from the American Medical Association's master file. Just 613 returned completed surveys, giving a margin of error of 3.9 percent at the 0.95 confidence level.



© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Army Officer: Bergdahl Charged With Desertion, WH Wants It Kept Quiet

Monday, 26 Jan 2015 23:06 PM

Army Sgt. Bowe Bergdahl has been charged with desertion, but the White House is trying to keep the story under wraps, a  . . .

Indiana Gov. Pence to Launch News Website

Monday, 26 Jan 2015 23:03 PM

Indiana Gov. Mike Pence, a Republican, is poised to launch a state-run news website that he says will break news stories . . .

Snowstorm Threatens to Paralyze Northeast for Days

Monday, 26 Jan 2015 18:12 PM

Tens of millions of people along the Philadelphia-to-Boston corridor rushed to get home and settle in Monday as a fearso . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved