14% of physicians sought new employment due to COVID-19, survey says

By Patsy Newitt for Becker’s Hospital Reviews

Fifteen percent of physicians had to take out a loan because of COVID-19, according to an April 2020 survey. 

AMN Healthcare, B.E. Smith and Merritt Hawkins’ recent report called “Will there be a doctor in the house?” detailed physician supply, demand and staffing during COVID-19.

As a result of the COVID-19 pandemic:

  • 14 percent of physicians sought employment at a different practice 
  • 6 percent of physicians found a job that does not involve direct patient care
  • 7 percent of physicians closed their practice temporarily
  • 5 percent of physicians retired
  • 4 percent of physicians left private practice and sought employment with a hospital or other entity 
  • 15 percent of physicians took out a loan 
  • 2 percent of physicians sought physical healthcare: 
  • 3 percent of physicians sought mental healthcare
  • 66 percent of physicians continued to practice 
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