Healthcare Has Yet to Feel Full Impact of Physician Retirements
A new survey indicates that many physicians still plan to retire early after the COVID-19 pandemic despite growing economic concerns. By Jacqueline LaPointe March 22, 2023 - Healthcare organizations need to prepare for a wave of physician retirements, according to a new survey from the physician, physician leader, and advanced practice provider recruitment firm Jackson Physician Search. The firm polled nearly 400 physicians and 60 healthcare administrators to understand their views on physician retirement and readiness. The survey showed that 62 percent of physicians have not changed their retirement plans because of the economy, including recent inflation, stock market volatility, and recession fears. Additionally, of the physicians delaying retirement because of the economy, most plan (27 percent) to postpone retirement by one to four years. COVID-19 is also still a factor when it comes to physician retirement. In a 2021 survey, more than half of physicians said the virus had