Survey: 26% of Primary Care Physicians Facing Financial Hardships

Twenty-six percent of primary care physicians report poor financial health, according to a recent QuantiaMD survey.

Financial instability and a "dearth of incentives" are driving new physicians away from primary care into more lucrative specialties, according to the survey, QuantiaMD's monthly Physician Wellbeing Index, which regularly polls an online community of thousands of physicians.

Among the 26 percent of physicians reporting poor financial health:
  • Eighty-one percent who are practice owners say profits are down from last year; 43 percent are experiencing trouble covering costs.
  • Eighty percent cite a decrease in reimbursements as the top negative financial impact to their practices.
  • Forty-nine percent of those who are employed PCPs have not had a salary increase in one to two years, while 18 percent have had their salary cut.

Read the complete Physician Wellbeing Index here.

More Articles Related to Physician Surveys:

Physician Attrition in the Next 10 Years: 15 Findings
Survey: Physician Shortages at Children's Hospitals Reduce Access to Specialty Care
Study: 55% of Physicians Use EHRs, Majority Say It Enhances Care

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