Number of Independent Physicians Expected to Drop to 36% by Year's End

Out of the physician workforce, the number of independent physicians may drop to 36 percent by year's end, and the majority of physicians say business costs and expenses are driving them to hospital employment, according to a survey from consulting firm Accenture.

Based on survey respondents, the portion of independent, private practice physicians has dropped from 57 percent in 2000 to 43 percent in 2009, and that figure now hovers at roughly 39 percent.

The top five reasons physicians are seeking hospital employment are: business costs and expenses (87 percent), prevalence of managed care (61 percent), electronic medical record requirements (53 percent), maintaining and managing staff (53 percent) and the number of patients required to break even (39 percent).

The survey also found one in three physicians seeking to transition to subscription-based care. The most common subscription-based care models are concierge medicine or direct pay models.

Findings from the survey, which was conducted in May, are based on responses from 204 physicians.

More Articles on Physicians and Hospital Employment:

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