By 2034, the U.S. may face a shortage of up to 124,000 physicians

Statistic Info

This number is of particular concern given the aging population, as well as an increased demand for healthcare services. Thus, it’s essential that steps are taken to ensure access to quality health care in all communities across the country. To address this need, medical schools have begun to take a proactive approach by increasing their class sizes and offering incentives such as tuition assistance for students from underrepresented backgrounds.

Author: Medical Economics

More Related Stats

Physician Practices

High rates of burnout is driving an expected shortage of up to 124,000 physicians in the U.S. by 2034

94% of patients would switch providers to access online scheduling options

Between 1990-2022, the number of osteopathic physicians has more than quadrupled from fewer than 25,000 to over 110,000

94% of patients noted a delay associated with Prior Authorization (PA), with 79% reporting that PA delays can lead to treatment abandonment

95% of patients said it is important for a physician to be involved in their diagnosis and treatment decisions

88.2% of medical groups are offering referral bonuses, up from 82.8% in 2023

In 2022, 31.2% of physicians reported they had been sued at some point in their careers. An average of 61 claims had been filed per 100 physicians

Physicians spend nearly 2 hours daily dealing with EHRs outside of working hours

20% of patients can get same- or next-day appointments when self-scheduling is available, and more than 50% can see their physician within a week

Corporate-owned practices have grown by 25% as independent private practices are bought out or abandoned in favor of hospital or corporately owned practices

More 2023 Stats

74% of Hospitals Use Some Revenue Cycle Automation

Nearly half of physicians are equally excited and concerned about the use of AI in their field

ChatGPT Gives Wrong or Incomplete Answers Regarding Medication About 75% of the Time

Fewer Than 1 in 3 Consumers Pay Medical Bills Immediately

Medicare Advantage Denials Jump 56%, Commercial Denials 20%, from Jan. 2022 to July 2023

Adults in the U.S. are most likely to have medical bill problems, regardless of income

More than 1 in 6 Americans now 65 or older

27% of Adults Face At Least One Healthcare Affordability Challenge

In 2023 there was a 13% revenue growth in Q2 due to rising enrollment

Only a little more than a third of the insured respondents agreed that insurance facilitates affordable access to care for all