Physician Practice Trends 2014

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Each year, Jackson Healthcare studies trends impacting physicians' careers and medical practices.

We hope this information helps physicians make more informed, strategic decisions. And we hope these statistics help healthcare executives, industry thought leaders and media professionals better understand the attitudes, challenges and opportunities physicians face.

This presentation shares highlights from our 2014 national survey of U.S. physicians.

Published in: Healthcare, Health & Medicine

Physician Practice Trends 2014

  1. 1. Physician Practice Trends 2 0 1 4
  2. 2. There were a number of interesting and statistically significant findings in our 2014 national survey of physicians.
  3. 3. Physician Practice Trends ‘14 Be age 45+ Own their medical practice Be dissatisfied with their career Discourage young people from entering field Physicians whose income DECREASED in the past year are more likely than those whose income increased to:
  4. 4. Physician Practice Trends ‘14 Be younger than 45 Be very satisfied with their career Encourage young people to enter field Physicians whose income INCREASED in the past year are more likely than those whose income decreased to:
  5. 5. Satisfied physicians are more likely to: • Be between 25 and 44 years of age • Work 8 hours per day • Be employed & have never worked in private practice • Have chosen employment for lifestyle reasons • Have a greater number of patients with private insurance
  6. 6. Dissatisfied physicians are more likely to: • Be between 45 and 64 years of age • Work more than 8 hours per day • Own a solo practice • Say patients are delaying treatments • Say they have lost patients due to ACA roll-out
  7. 7. Physician Practice Trends ‘14 2012 2014 MDs using PAs 25% 30% Use of physician assistants is on the rise.
  8. 8. Physician Practice Trends ‘14 prefer PAs prefer NPs 31% 30% Physician preference is split between nurse practitioners and physician assistants.
  9. 9. of physicians say advanced practice professionals contribute to the productivity of their medical practice. 76%
  10. 10. Physician Practice Trends ‘14 ... as their primary reasons. high overhead reimbursement cuts administrative hassles $$ $ INBOX Physicians who left private practice cite...
  11. 11. Most physicians work between 9 — 12hours per day.
  12. 12. physicians reported being on call in 2012 0 10 20 30 40 50 60 70 80 77% reported taking call in 2014 55% % of physicians taking call
  13. 13. Most physicians (88%) take unrestricted call. Which means they carry a pager, but don’t have to stay on site.
  14. 14. of new patients wait two weeks or less to get an appointment.53%
  15. 15. 0 20 40 60 80 100 % of physicians accepting new patients Medicare 85% Medicaid 60%
  16. 16. Physician Practice Trends ‘14 0 5 10 15 20 25 too early to tell high deductibles for patients loss of patients more patients with coverage decline in reimbursements & denials 25% 12% 8% 8% 7% Physicians said the most prevalent effect of the Affordable Care Act roll-out has been:
  17. 17. Physician participation in Accountable Care Organizations (ACOs) is on the rise.
  18. 18. Physicians in ACOs are more likely than those who are not to: • Practice in the Midwest, New England and urban areas • Be younger than 54 years of age • Say their income has not changed since 2013 • Work more than 10 hours per day • Utilize nurse practitioners and physician assistants
  19. 19. Physicians not in ACOs are more likely than those who are to: • Practice in the Southeast and Mountain region • Be older than 55 years of age • Say their income has decreased since 2013 • Say their practice is not at full capacity • Not utilize nurse practitioners and physician assistants
  20. 20. With only half of primary care physicians planning to participate in ACA exchanges and many not part of an ACO, how will this impact patients and physicians in the coming years?
  21. 21. What’s to become of the solo practice owner in the era of ACA?
  22. 22. Each year, Jackson Healthcare studies trends impacting the careers and medical practices of physicians in the U.S. We hope our findings help physicians make informed, strategic decisions in their careers and practices. About This Report
  23. 23. Survey Methodology A total of 1,527 physicians completed this survey, which was conducted between April 18 and June 5, 2014. The error range for this survey was +/-2.5 percent at a 95 percent confidence level. Respondents to all surveys were self-selected and spanned all 50 states and medical/ surgical specialties.
  24. 24. For more data, articles and reports, visit us online at jacksonhealthcare.com/physician-trends.

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