by
Gus Iversen, Editor in Chief | June 04, 2024
4. Assessing the impact of burnout
Physician burnout remains high, with 81% of physicians feeling overworked. This has led to nearly 59% of physicians considering employment changes. On a related note, 88% of physicians report that the physician shortage is affecting their practice. Many describe the impact as moderate or severe, particularly those in larger health organizations and rural or mixed practice settings.
Reducing administrative tasks is seen as crucial for alleviating physician burnout. Physicians spend nearly twice as much time on EHR and desk work as on direct patient care. 75% of surveyed physicians believe that decreasing administrative burden could significantly reduce burnout. The same amount said they would be willing to accept lower compensation for better work-life balance, up from 71% the previous year, with women more likely than men to prioritize work-life balance.
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5. Negotiation trends
Only 5% of physicians reported successful compensation negotiations, with the majority either unsuccessful or not attempting to negotiate at all. This is partly due to the extensive focus on education and patient care, leaving physicians less experienced in negotiating their value.
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