15 Findings on Physician Attrition Rate Over the Next 10 Years
Roughly one-third of the country's physician workforce plans to retire or leave their practice in the next 10 years, according to Jackson Healthcare's Physician Practice Trends Survey 2012.
Here are some other major findings around physician attrition.
Physician attrition in the next year
• 84 percent of physicians will continue medicine to 2013.
• 1 percent will completely retire or leave medicine this year.
• 7 percent are considering retiring or leaving this year.
• 8 percent are going part-time, either via contract work or locum tenens.
Next 10 years and beyond
• 14 percent of physicians will most likely retire or leave medicine within the next five years.
• 34 percent will retire or leave within the next 10 years.
• Generalists most likely to leave medicine within 10 years include general surgeons, family practitioners, emergency medicine physicians and obstetricians/gynecologists.
• Specialists most likely to leave in the next 10 years include oncologists, urologists and cardiologists.
Factors in the decision to leave
Here are the major factors in physicians' decisions to retire or leave medicine in 2012, ranked from most to least influential:
• Economic factors
• Healthcare reform
• Burned out
• Career change
• Lifestyle choice
• Retiring at age 65
• Retiring early
More Articles on the Physician Workforce:Survey: Physician Shortages at Children's Hospitals Reduce Access to Specialty Care
10 Markets with Highest Physician Saturation
Locum Tenens Jobs Open Doors for Physicians Entering Workforce
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
- How Physician Thinking Changes After Working in ACOs
- 2014 Financial Impact Analysis Doesn't Stop With CMS' Final Rule: Don't Neglect CMS NCCI Edits
- 4 Drivers of Recent M&A Activity in Healthcare
- 8 Reasons to Outsource Medical Billing Services
- 5 ICD-10 Transition Considerations Medical Practices Have Likely Not Thought About