Let’s talk about the causes of physician burnout. In Medscape’s recent survey, 79% of physicians said their burnout started before the pandemic began. This means COVID-19 may have accelerated the process, but it was not the sole cause. Physicians cited factors they face at work every day that may contribute:
- Bureaucratic tasks, which 58% of respondents listed as a main contributing factor.
- Long working hours and lack of respect, cited by 37% of respondents.
- Insufficient financial compensation, listed by 32% of respondents.
Chaotic work conditions, lack of personal protective equipment, time crunches, and a non-existent work-life balance can all make a physician’s life harder. Then physicians must deal with financial issues like tax burdens, repaying student debts, and managing accounts receivable – not to mention dealing with patients in times of turmoil.
Now that we’ve discussed some of the causes of physician burnout, some good news: If you are facing financial concerns among your many other duties, I understand you. Choosing the right advisor can help ease your mental burden and produce positive results for your business. Visit wmdoctors.com to explore our specialized financial services for physician entrepreneurs – and stay tuned for more information on the effects of burnout and how to mitigate it.