Here are five numbers about physician retirement that should be monitored by ASC leaders:
53.9: The average age of all practicing physicians in the U.S. — more than 10 years older than the U.S. labor force median age of 41.8, according to a 2023 report from Definitive Healthcare.
41%: The percentage of physicians in their 50s who indicated in Medscape’s “Physicians Eye Retirement” report, published Dec. 14, that they plan to retire in their early 60s.
74%: The percentage of physicians who said burnout from medicine was the biggest factor in their decision to retire, according to “Physician Burnout & Depression Report” for 2024. Considering that 49% of physicians reported feeling burned out, the effects of burnout could lead more physicians to retire earlier than they might have otherwise.
14% and 16%: The percentage of male and female physicians, respectively, who said their burnout is so severe that they are considering leaving medicine, according to Medscape’s “Physician Burnout & Depression Report” for 2024.
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.