Bain: 25% of clinicians want out of healthcare
https://www.beckershospitalreview.com/workforce/bain-25-of-clinicians-want-out-of-healthcare.html
One quarter of U.S. physicians, advanced practice providers and nurses are considering switching careers and one third are considering switching employers, according to newly released results from a survey conducted by Bain & Company.
Below are some key takeaways from the survey and brief, which was released Oct. 11 and can be found in full here.
1. Of the 25 percent of clinicians who are thinking about exiting healthcare entirely, 89 percent cite burnout as the main driver.
2. Nearly 60 percent of physician, advanced practice provider and nurse respondents say their teams are not adequately staffed; 40 percent feel there is a lack of resources to operate at full potential.
3. Physicians’ net promoter score dropped from 36 points in 2020 to 19 points today.
4. Clinicians at physician-led practices gave a net promoter score of 40 points compared to the 6 points from clinicians at non-physician-led practices, such as those operated by hospitals, health systems, parent companies or private equity funds.
5. The top three things clinicians care about most in their profession are compensation, quality of patient care and workload, according to the survey. Of those three, they are least satisfied with compensation (59 percent expressed satisfaction) and workload (60 percent). Eighty percent said they are satisfied with the quality of patient care.
6. Burnout shows up throughout clinicians’ days, with 63 percent saying they feel worn out at the end of the workday, 51 percent saying they feel they don’t have time and energy for family and friends during leisure time, and 38 percent feeling exhausted in the morning at the thought of another workday.
The Bain U.S. Frontline of Healthcare Survey was conducted in July 2022 with 573 U.S. clinicians.
Filed under: General Problems
While I surely commiserate with these professionals, this is what happens when you have to sell your soul to the devil. Health Care is no longer about caring. It is about the corporation of hospitals, making them bigger, more powerful and less culpable for bad actions/inactions. They hire these Advanced Practitioners with the promise of repaying the ever-looming student loan debt, for one. The overhead of opening a private practice is very expensive and time consuming. I feel this is all by design to nudge us closer to Socialized Medicine.
As a side note, I was a Labor and Delivery RN for almost 30 years. About 15 years into my career, 4 coworkers decided to go to school to become midwives. They encouraged me to join their group, but something just did not add up, and I wanted to see the outcome. All four midwives held full-time jobs with OB/GYN clinics, including taking 24–72-hour call with a booked office schedule. They were expected to manage extremely ill patients that were beyond their job description. All four midwives also worked many part-time hours as L&D nurses to make ends meet. The cost of tuition alone was $40K about 20 years ago. Their lives seemed to be in constant turmoil with limited family or leisure time, rushing from job to job, totally sleep deprived. There was one extremely condescending MD in that group that asked me why I did not want to better myself by advancing my education. I turned to squarely face him and told him that these CNM’s were now working multiple jobs instead of one, with added liability, and were being worked by his practice like rented mules. I did not consider that to be bettering my life. He looked a bit shocked at my response and had no reply.
As i understand it… in private practice the largest financial nut to manage/overcome is the buying and maintenance fees of Electronic Medical Records and the financial carrying what tends to be a large $$$ in Accounts Receivable.Just in the last few years we have moved from building using ICD-9 coding to ICD-10 coding and I understand that they are working on a ICD-11 coding system.From what I understand the time/cost involved with everyone learning the new ICD-10 coding system was substantial. When a practitioner is working as an employee of a large healthcare corporation… those financial costs are no longer a direct concern for the practitioner
As per usual, you are correct. And from what I understand, reimbursement depends on having these electronic records.
I stand by my original statement that this is all by design to move us closer to socialized medicine. The decline I have seen in the past 10-15 years in health care is appalling and I fear it is only going to get worse. “I’m from the government and I’m here to help.”
I think that there is an additional agenda… mid-levels (ARNP,PA, NP) get reimbursed at 85% of what a MD would get reimbursed providing a service or product… I doubt that mid-levels working for a large healthcare corporation get paid at 85% of the salary that MD gets paid by the corporation. Replacing FP, GP with mid-levels for most/all “garden variety care” … would mean more $$$ to the healthcare corporations