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Recruiting Physician Today
Market Watch is a section of Recruiting Physicians Today, an advertising service of the publishing division of the Massachusetts Medical Society.  Distributed six times per year, the free newsletter features articles by physician recruiting firms and other independent groups involved in physician employment.  The data and observations in the Market Watch section should not be construed as content coming from the New England Journal of Medicine, nor do they represent the views of the New England Journal of Medicine or the Massachusetts Medical Society.

Key Findings of “The Physicians Perspective: Medical Practice in 2008” Survey

Jan. – Feb. 2009

Source: “The Physician’s Perspective: Medical Practice in 2008,” Physician’s Foundation, www.physiciansfoundation.org. This study was conducted for the Physician’s Foundation by Merritt Hawkins & Associates.

The Physician Shortage

  • The great majority of doctors surveyed – 78% – believe there is a shortage of primary care physicians in America today.
  • 49% of physicians indicated they will take one or more steps in the next one to three years that will reduce or eliminate patient access to their practices:
  • 11% said they plan to retire
  • 13% said they will pursue a job in a non-patient care setting
  • 20% said they will cut back on patients seen
  • 10% said they will work part time
  • 7.5% said they will work locum tenens
  • 7% said they will switch to concierge practices
  • 78% said they are either at “full capacity” or are “overworked and overextended”
  • 63% said non-clinical paperwork has caused them to spend less time per patient

Morale

  • Only 6% described the professional morale of their colleagues as “positive”
  • 78% said medicine is either “no longer rewarding” or “less rewarding”
  • 60% said they would not recommend medicine as a career to young people
  • 42% said that, given the alternatives, they are ready to accept a single-payer, Canadian style system. Finances.

Finances

  • Only 17% rated the financial position of their practices as “healthy and profitable”
  • 82% said their practices would be “unsustainable” if proposed cuts to Medicare reimbursement are made
  • 65% said Medicaid reimbursement is less than their cost of providing care
  • 36% said Medicare reimbursement is less than their cost of providing care
  • 33% have closed their practices to Medicaid patients
  • 12% have closed their practices to Medicare patients

 

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