Survey: 2013 saw a spike in physician retirement

The national rate of physician turnover held steady at just under 7% during the past two years, but the number of physicians who retired from practice increased sharply in 2013, to an unprecedented 18%, according to the ninth annual Physician Retention Survey from the American Medical Group Association (AMGA) and Cejka Search.

This trend represents a clear sign that the recession that caused many physicians to delay retirement is now over, according to an article from Medscape. A recovering housing market also makes it easier for retiring physicians to sell their homes and relocate, added David Cornett, senior executive vice president of Cejka Search.

Less clear is whether frustration with higher administrative and regulatory burdens drives physicians to retire early, Medscape noted. 

Source: Fierce Practice Management