Many older doctors plan to phase out their practice
ReutersPosted: October 31st, 2007 by Steve Trinward
“The results of a new survey indicate that 48 percent of physicians between 50 and 65 years of age are planning to reduce or end their clinical practice in the next 1 to 3 years. The findings also suggest that many older physicians believe that their younger counterparts do not have the work ethic they do. The survey, which was conducted by Merritt Hawkins & Associates, a Texas-based physician search and consulting firm, suggests that many older physicians are simply unhappy with the changes that have taken place in medicine over the years. ‘When Baby Boom doctors entered medicine they had control over how they practiced and the fee they charged. But the rules changed on them in midstream and now many are looking for a ticket out,’ Mark Smith, executive vice president of Merritt Hawkins & Associates, said in a statement.” (10/30/07)
http://www.reuters.com/article/healthNews/idUSSAT08325420071030
