HealthExec March 24, 2023
Physicians are facing a tough environment in 2023. After years of flat payments, physicians will see a 2% Medicare payment cut this year, adding to the already challenging financial conditions of the ongoing COVID-19 pandemic.
The payment changes have impacted how physicians feel about the healthcare industry, with many reassessing their careers in the field. Some are even considering new careers outside of medicine in order to find better work-life balance and greater autonomy.
Those feelings may be compounded by the fact that physician compensation declined by 2.4% in 2022, according to a study by Doximity. That’s compared to a 3.8% increase in compensation in 2021. According to the study, which is based on survey results with responses from...
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