Challenges Facing Physicians
Today's health care environment
In an era of unprecedented change and uncertainty, primary care physicians face a dizzying array of daunting challenges. Game-changing federal legislation. Diminishing compensation. Soaring financial and competitive pressures. Far too many issues today are making it increasingly difficult for many physicians to remain in practice-let alone forge successful, satisfying careers.
Founded and led by physicians just like you, Concentra understands the historic challenges you confront-and we are committed to help you overcome them and continue using your gifts to fulfill your calling. We believe talented, dedicated primary care physicians should never be forced out of their chosen profession by sweeping mandates or impersonal industry forces.
You—and your patients—deserve better, and we can help you achieve it.
Key challenges confronting today's primary care physicians include:
Health care reform—Historic legislation poised to bring millions of new patients into the system, change compensation, and establish new practice models is spurring equally dramatic reactions by hospitals, insurers, and other organizations.
- 74% of physicians plan to change practice style in 1-3 years1
- 46% of PCPs expect (or want) to leave medicine due to health care reform2
Financial pressure—Decreasing reimbursement by CMS and private insurers is driving physicians to practice profit-focused, fee-for-service medicine, while the soaring costs of medical school, malpractice insurance, and business overhead are exacerbating the problem.
- PCPs and pediatricians have the lowest average compensation among 22 specialties3
- 52% of PCPs are dissatisfied with their compensation3
Pressure to change / consolidate—With the days of the successful independent practitioner seemingly numbered, an astonishing percentage of primary care physicians are actively working to leave private practice, either to affiliate with hospitals or practice networks (despite concerns about bureaucracy and lost autonomy) or to leave medicine entirely.
- 86% of physicians believe the independent / private practice model is endangered / soon to be extinct4
- 70% of practices were physician-owned in 2002, vs. 46% in 20085
- 25% of practices were hospital-owned in 2002, vs. 50% in 20085
Changing practice dynamics—Government, insurance, and competitive pressures are driving an intense focus on efficiency, profit, and documentation, forcing physicians to place less emphasis on personalized care and long-term patient relationships.
1 - Physicians Foundation, Health Reform and the Decline of Physician Private Practice, 10/2010
- 94% of physicians spend more time on non-clinical paperwork than they did 3 years ago6
- 63% of physicians say paperwork is causing them to spend less time with patients6
2 - The Medicus Firm, 1/2010
3 - Medscape Physician Compensation Report 2011
4 - Physicians Foundation, Health Reform and the Decline of Physician Private Practice, 10/2010
5 - New York Times, 3/25/2010
6 - Physicians Foundation, The Physician’s Perspective: Medical Practice in 2008