The average age for retirement in the United States is 63, while the average age at which U.S. physicians retire is 68. Given that most physicians love what they do and don’t want to relinquish their practices until they absolutely must, the age difference is understandable.
However, like everyone else, physicians cannot stave off the physical effects of aging and the impact of today’s health provider environment, in which physicians are expected to juggle ever-increasing patient panels and burdensome administrative tasks. This can be especially taxing on older physicians, many of whom started practicing before the advent of the healthcare provider movement and have watched as the time they have to consult with and care for their patients is consumed by administrative demands. Older physicians run the risk of emotional burnout and can even contemplate giving it all up.
So what’s a physician who’s not quite ready to retire, but who is ready to contemplate a less mentally and emotionally exhausting professional life, to do? One option to consider is transitioning to a concierge practice. With a concierge practice, the physician determines the size of the patient panel. With a smaller panel, the physician can spend more of his or her time consulting with patients, and less time dealing with administrative burdens and filling out EHRs. Concierge medicine allows the physician to focus on what many entered the field for: ensuring the health and well-being of others…and still having enough time in the day to enjoy life outside the practice.
With a concierge practice, older physicians can continue to practice the way they used to – with the focus on their patients and their own professional happiness.
Learn more about maintaining your independence while practicing medicine they way you want by filling out the form below.
 Sweeney, J. 2019, February 19. Physician retirement: why it’s hard for doctors to retire. Medical Economics. Retrieved from https://www.medicaleconomics.com/business/physician-retirement-why-its-hard-doctors-retire.
 Zupko, K. 2019, August 14. 5 things every older physician should ask themselves. Physicians Practice. Retrieved from https://www.physicianspractice.com/news/5-questions-every-older-physician-should-ask-themselves.