Career Change Not in the Cards for Most Physicians

Although most physicians do not see a career move in the short-term future, those who did cited greater financial rewards as the main motivating factor, according to findings from The Medicus Firm.

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As part of The Medicus Firm’s 2013 “Physician Practice Preference & Relocation Survey,” physicians identified their primary motivations for seeking new practice opportunities. Figures reflect responses from a pool of 2,568 physicians representing 19 specialties.

Of the sample, 18.4 percent are employed by a hospital, 18.4 percent are in training, 11.7 percent are in a solo practice and roughly 38 percent are in a multi- or single-specialty group.

The plurality of respondents (42.3 percent) said they do not plan to make a career change in 2013. Of those who would consider a career change, they selected the following factors as primary motivators.

1. Greater financial rewards — 27.8 percent
2. Better geographic location — 12.6 percent
3. Better call coverage — 7.1 percent
4. I no longer want to practice medicine and will seek nonclinical roles — 6.6 percent
5. Retirement — 2.8 percent
6. Less competition — 0.8 percent  

More Articles on Physician Surveys:

More Than One Third of Physicians Likely to Leave Practices in Near Future
How Do Physicians Find New Practice Opportunities?
70% of Physicians Get at Least 3 Calls Per Week for New Practice Opportunities

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