Medscape’s 2016 Physician Lifestyle Report is Out

They released Medscape’s 2016 Physician Lifestyle Report…and the results are interesting. You can break it down per specialty, but the results are conclusive: doctors are suffering from burnout.

This affects every aspect of a doctor’s life in the workplace and at home, and, according to the report, also affects their own patients. Just think about how many people a doctor sees each week.

If the burnout factor is to where it is affecting a doctor’s ability to do their own job, this has huge ramifications for people.

Medscape’s Physician Lifestyle Report provides a revealing look at how burnout and bias affect lifestyle and practice. This comprehensive report represents responses from over 15,000 US physicians and reveals details on happiness at home and work, weight and exercise, causes of burnout – and how male and female physicians from 25 different specialties fare on all of these factors.

Check out the entire report here.

Characterized by chronic emotional exhaustion, cynicism, and decreased effectiveness, physician burnout increases the risk of serious medical errors.

Doctors surveyed cited the following as the common causes of burnout:

  • Too many bureaucratic tasks
  • Spending too many hours at work
  • Lack of control over own life
  • Insufficient compensation

To improve your work-life balance, doctors should reduce working hours and minimize stress– easier said than done.

Proactive planning will allow you to reclaim time and peace of mind. Getting help with employment contracts, negotiation assistance, loan repayment strategies, reducing taxes and minimizing insurance costs can provide relief.

By off-loading the stress, time, and paperwork of these headaches, you’ll have more energy to invest in the things that bring you joy both in and outside of work.

If you have questions about financial planning services, get in touch with an advisor.

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