According to a recent survey, practicing physicians are becoming more dissatisfied in their work, and those employed by hospitals or corporately owned practices are more dissatisfied than those working independently or in a physician-owned practice. These results are based on a nationwide survey of post-residency physicians working for more than 4 years and was conducted by Geneia, a leading provider of healthcare data, technology, business and education solutions. The survey was started in 2015 and this year’s July 2018 survey indicated an increase in the Physician “Misery Index” from 3.78 to 3.94 out of 5. If you are a physician just getting ready to start your practice, or a practicing physician thinking of making a change this information is probably making you more than a little uncomfortable, but your future doesn’t have to include misery. With the right approach and a good team on your side, you will be able to make the right choice and find the joy in practicing medicine you have been working and planning for.
So what are the issues causing the misery and physician burnout? The survey is based on six factors including the negative changes brought on by the business and regulation of healthcare, the heightened demand for data reporting to support quality metrics, the business-side of healthcare playing a role in diminished joy in the practice of medicine, and physicians feeling rushed when seeing their patients. 80% of responding physicians said they were personally at risk for burn-out while 96% said they had either personally experienced or witnessed the impact of physician burn-out. According to the survey, 66% of all physicians say current conditions have made them consider career options outside of clinical practice. And this is an 11% increase over the initial survey in January of 2015!
As you face the changing landscape in our industry, it becomes very clear how important it will be for you to truly understand the culture, practices, and personality of the organization you choose to partner with to begin your own practice. Before you choose your practice, choose a partner to help you gather information, size up your options, and dig into the details before negotiating your contract. Yes, it will take some digging to really figure out what the practice you consider is all about. On the surface many healthcare organizations are going to say much of the same thing and the offers you receive might look similar – at first review. Only someone who knows the business on all levels, can flesh out the information you are going to need to mitigate the effects of the “misery index” and choose the right place to start your medical practice.
Is it all bad news for the healthcare industry and the physicians who serve their patients? We certainly don’t believe so. Many of the questions in the Geneia survey pertained to regulations, information systems, reporting and technology and the impact that changing requirements are making on the professional life of a physician. We know the current and growing physician shortage leaves practicing physicians with heavy workloads. We also know that technology is evolving to meet the needs of the entire healthcare system and will likely make a positive impact on many of these issues and the medical teams that provide patient care at all levels. With Physician Placement Concierge, we will help you find the organization that is the right choice for you now and the one that will continue to evolve in a positive direction as you do. You don’t have to go it alone and you don’t have to trust traditional recruiters who are employed by healthcare organizations and hospitals. We only work for you and provide singular focus on helping you find your perfect starting point.
You can read more about the survey and Geneia’s Joy of Medicine Initiative here:
Learn more about Physician Placement Concierge’s unique approach to physician placement by visiting our website at www.physicianplacementconcierge.com.