Many clinicians are choosing hospital and group settings versus private practice. Job security has become a major factor in the practice of medicine. Physicians will need to carefully assess their individual circumstances and determine the practice environment that best meets their needs and those of their patients.
There is an increase in regulations and administrative responsibilities. With the growth of these changes, physicians will need to work toward minimizing administrative barriers to continue providing quality patient care.
There is a growing shortage of physicians. This impacts the medical profession’s ability to serve patients across key specialties and geographies. Now is the time to evaluate how physicians can optimize their time to accommodate the needs of their patients.
Taking on leadership roles is not a passing trend. It is important that physicians acquire new types of non-medical leadership skills to be effective in business management roles. This will allow for the continuity of the medical practice and physician-patient relationship.
Higher quality care is becoming more prominent. This adds extraordinary stress on physicians due to increased reporting, problematic reimbursement and high potential liability. It is important that clinicians learn how to balance the changing healthcare environment.
The intention of the WatchList is to prepare you for and to assist you through these changes. The NCMS will continue to provide updates on these issues and to help you and your practice face these obstacles head on.