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

Statistic Info

The underlying causes for the high rates of burnout are complex and interrelated; however, several key contributors include increasing administrative demands, prolonged working hours, changes in reimbursement models, and lack of work-life balance. To address this critical issue, many healthcare organizations are introducing initiatives to improve the well-being of their medical staff. Such measures include increasing access to mental health services for physicians, providing more flexible scheduling, and encouraging work-life balance.

Author: Medical Economics

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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

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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

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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

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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

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

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

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