Napa, California—October 1, 2018—Seven out of 10 physicians are unwilling to recommend their chosen profession to their children or other family members, according to the nationwide Future of Healthcare Survey of over 3,400 physicians released today by The Doctors Company.
The survey further showed that over half of physicians say they are contemplating retirement within the next five years, including a third of those under the age of 50.
The #FutureOfHealthcare Survey by @doctorscompany has uncovered a complex picture of the attitudes of #physicians towards the important issues facing the U.S. #healthcare industry. Tweet
The survey collected 2,291 written responses voicing physicians’ frustration at how electronic health records (EHRs) and value-based care and reimbursement (pay for performance) are compromising the traditional doctor-patient relationship, indicating their advocacy for preserving this relationship and providing high-quality care.
Key findings of the survey included:
54 percent of physicians believe EHRs have had a negative impact on the physician-patient relationship.
Half of physicians believe value-based care and reimbursement will have a negative impact on overall patient care.
61 percent of physicians believe EHRs are having a negative impact on their workflow, with many suggesting that EHR requirements are a major cause of burnout.
62 percent of physicians say they don’t plan to change practice models, perhaps indicating that the pace of practice change seen in recent years may have run its course.
The survey was conducted in partnership with Modern Healthcare Custom Media.
About The Doctors Company
Founded and led by physicians, The Doctors Company (thedoctors.com) is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company takes the mal out of malpractice insurance by helping practices of all sizes manage the complexities of today’s healthcare environment—with expert guidance, resources, and coverage. The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, with 79,000 members and over $4.8 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings. To learn more about data-driven insights and to stay up to date on industry trends, follow and subscribe to The Doctors Company on Twitter (@doctorscompany), YouTube, LinkedIn, Facebook, and Google+.