The Doctors Company, the largest physician-owned medical malpractice insurer in the United States, recently published its 2018 The Future Of Healthcare report regarding its survey of more than 3,400 physicians in the United States, finding that 7 out of 10 physicians are unwilling to recommend healthcare as a profession.
More Bad News
The Doctors Company also reported that 54% of physicians plan to retire within the next five years (56% of male physicians versus 48% of female physicians); 54% of doctors believe EHRs (electronic health records) have a negative impact on the physician-patient relationship; 43% of doctors believe value-based care will negatively impact the physician-patient relationship; 61% of doctors believe value-based care will negatively impact their practice; and, doctors report that they are concerned that increasing bureaucratic and regulatory demands are leading to dissatisfaction among their colleagues.
The Problem With EHRs
61% of the surveyed doctors reported that EHRs have a negative impact on efficiency and productivity, with many reporting that EHR requirements are a major cause of burnout. Only 14% reported a positive experience with EHR vendors. One physician from California responded to the survey by stating, “Physician burnout is increasing as reimbursement is decreasing along with increasing work load from every direction.”
Value-Based Care And Reimbursement Widely Seen As Having Negative Impact On Overall Patient Care
49% of the physicians surveyed reported that they believe that value-based care and reimbursement is having a negative impact on overall patient care. One doctor stated, “Pay for performance is all about supplying data and not about patient care and true performance.” One primary care physician warned, “I strongly suspect that as the industry shifts more towards ‘value-based care’ and ‘pay-for-performance’ models we will see a significant portion of the population find themselves unable to find PCPs.”
75% of solo practitioners responded that they plan to stay independent. Nonetheless, a surgeon from Georgia predicts, “In five years, there will be no doctors in solo practice.”
The Doctors Company reported that even though physicians are disenchanted about practice conditions, they are not necessarily moving to a different practice model. While 14% of doctors said they plan to change practice models in its 2012 survey, only 9% said they plan to make a change in 2018. More doctors are indicating that they are making other changes — 12% indicated “other” for their future situation in 2018, compared to 6% in 2012. Doctors choosing this option may include practicing part-time, leaving medicine for a different career, or retiring.
The average age for men who took the survey was 62, while the average age for women was 55.
If you or a loved one may have been injured as a result of physician negligence in the United States, you should promptly consult with a medical malpractice lawyer in your state who may investigate your physician malpractice claim for you and represent you or your loved one in a medical malpractice case against a physician, if appropriate.
Click here to visit our website or telephone us on our toll-free line in the United States at 800-295-3959 to find medical malpractice attorneys in your U.S. state who may assist you with your medical malpractice claim.
Turn to us when you don’t know where to turn.