However, some physicians are adopting new strategies to reduce their large expenses.
The report surveyed 10,011 physicians across more than 29 specialties about their spending habits, income and net worth from Oct. 7, 2022, to Jan. 17, 2023.
Here is what physicians reported doing to reduce major spending:
Note: Respondents could choose more than one answer.
Deferred or refinanced loans (including mortgage and student loans): 12 percent
Changed to a different car: 7 percent
Moved to a different home: 6 percent
Moved child(ren) to a different school: 3 percent
Other: 8 percent
Doing nothing to reduce major expenses: 71 percent
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.