Understanding Physicians

Key Statistics

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 a 2016 survey, The Physicians’ Foundation found:

Are overextended or are at capacity, with no additional time to see patients
80%
Physicians described their morale as somewhat or very negative
54%
Are pessimistic about the future of medicine
63%
Would NOT recommend medicine as a career choice for their children
49%
Plan to accelerate their retirement
47%
Plan to cut-back on hours
48%
Report that they have the time they need to provide the highest standards of care
14%
Said they are either practicing some form of concierge medicine or are transitioning to a concierge, or concierge-like, model
24%

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:

01

Prestige

02

The Money

03

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

Prestige

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.)

The Money

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

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.

Why did you became a Physician?

Regardless of the specific reasons, many physicians are looking for ways to better themselves, personally and professionally. As an alternative, many physicians are exploring the field of regenerative medicine, as much for economic reasons as for medical or scientific reasons.

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

Navigating complexities

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.

If you want to learn more about the RHM business system and advisory platform and how it could help you become a Physician again, start here: