Career and Life Planning Guidebook for Medical Residents

Market Driven HealthCare R E A D : Medical Market Trends There are many emerging trends impacting the business side of medicine. Whether you allow these market conditions to impact your relationships with your employer, patients, and/or your family will be determined by howyou react.Will you be a victim to the market conditions or rise above by any market condition to fulfill your life and career goals? Physician Impact Organization Impact Patient Impact More stress Burnout No moment to themselves Stretched to the limit Working in a crisis mode No work/life balance Carry over to home life Access to care will be an acute issue as more uninsured and underinsured patients are able to obtain health insurance and begin seeking care. Recruitment efforts and integration models/incentives for physicians need to be a top priority to attract needed physicians to the community. Patients may experience longer wait times to see the doctor. Less access to a physician as more mid-level practitioners step in to fill certain care delivery roles How Market Conditions Impact Patients, Administration, and Physicians Shortage of Physicians 43% of docs are age 55 or older (5) Not enough docs to replace those retiring 36% of physicians overall are females, with a majority who choose to work part-time (6) 95 WWW.PHYSICIANCAREERPLANNING.COM