It’s really bad for physicians right now. Unfortunately, it’s only going to get worse without some sort of intervention.
- Doctors are burning out at unprecedented rates: they are 15 times more likely to burnout than professionals in other fields.
- A 2015 Medscape survey found that about 50% of doctors are experiencing burn out.
- Doctors have the highest suicide rate of any profession – two times more likely than the US population
- The average Doctor-Patient interaction is only about 8 minutes
- Doctors spend more than two-thirds of their time on paperwork as opposed to taking care of patients
In the midst of all of this, many current and next generation of doctors are rejecting the 20th Century model of medicine that is harming so many of them. Doctors are seeking to create a work-life-mental-spiritual balance.
It starts by figuring out why they have become doctors in the first place.
Why do people become doctors?
People become doctors for some combination of 3 main reasons:
To Help People
However, all three of the reasons have continued to lose their luster over the last couple of decades. And, as the statistics above show,
it’s not getting any better
Understanding the Incentives
While not completely gone, the prestige factor continues to degrade. Why do doctors continue to accept being called “providers” by insurance companies and hospital executives? (After all, the word physician actually means “one who is skilled in the art of healing” not one who is skilled in the art of providing.)
Most doctors in the US earn good salaries compared with other careers. However, most “providers” will tell you that their incomes are being squeezed and their responsibilities are increasing. Therefore, their real income is decreasing, especially when you factor in the amount of patients they must see on a daily basis, just to keep their income where it was the year before. And it continues to get worse.
To Help People
Sure, doctors still provide a service that numbs the pain or provides surgery, but at less than 8 minutes per visit, how well does the doctor really know their patient?
Here is a list of what physicians find MOST satisfying about practicing medicine:
What they don't like
what physicians find LEAST satisfying
RHM Impact has developed a business system and advisory platform that has been built specifically for both the physicians and patients. The RHM platform requires physicians and patients to develop a long-term relationship that benefits both parties in a way that is completely different than the current, or the 20th Century practice of medicine.
Time and Advice
Ultimately, patients desire two main things from their physician: time and advice. And, what may seem counterintuitive, physicians desire the same thing. In fact, almost 74% of physicians describe “patient relationships” as the most satisfying aspect of their medical practice.
the RHM platform offers:
- The clarity to know what options are available
- A guide to help them choose a excellent platform for them to make a difference in their patients lives’
- The confidence to choose a platform that is best for them
Ultimately, RHM offers a business system and advisory platform for physicians the give them the opportunity to move from “provider” back to “physician” where they can truly use their skill in the art of healing.
The Solution for Physicians
RHM, at the intersection of science, medicine, and business, is committed to providing the leading platform for impact physicians in the field of regenerative medicine. We do this by helping physicians navigate the complexities of the business of regenerative medicine as the physicians help their patients navigate the complexities of regenerative medicine.