Roughly one-third of physicians reported they will change practice settings, leave patient care roles, temporarily close their practices or retire due to COVID-19, according to a recent survey conducted by physician search firm Merritt Hawkins and nonprofit The Physicians Foundation.
The survey included responses from 842 physicians.
1. Fourteen percent of physicians plan to change practice settings and 18 percent plan to retire, temporarily close their practices or opt out of patient care, which could pose a problem for healthcare organizations struggling with physician shortages and turnover.
2. Thirty-eight percent of physicians are seeing COVID-19 patients, and 30 percent of physicians treating those patients reported high stress.
3. Among physicians not seeing COVID-19 patients, 60 percent are willing to do so.
4. Roughly 1 in 5 physicians have been furloughed or taken a pay cut.
5. Thirty-four percent of physicians not treating COVID-19 patients have more time on their hands due to a pandemic-related drop in office visits.