The study, published in the Journal of Law and Economics, found that physicians cut back their workload by almost two hours per week when the expected liability risk increases by 10 percent.
The reductions are the equivalent to one of every 35 physicians retiring without a replacement.
The study also found solo physicians and those over age 55 are far more sensitive to changes in liability risk than other physicians.
Read Brigham Young University’s release on malpractice risks.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
