March 22, 2011
WASHINGTON--(BUSINESS WIRE)-- M3 USA, parent company of MDLinx, a leading medical market research firm, today released the results of its annual poll of U.S. primary care physicians. Conducted at the close of 2010, the survey of 3729 family care physicians found that 40.3 percent considered leaving their primary care practices this year, with 16.5 percent reporting that 2010 was the first year they had considered such a career change.
"The poll results are not surprising given the rising financial pressures for family practices," said Craig Overpeck, Chief Operating Officer of M3 Global Research. "Only 15.6 percent hold out hope of 2011 being a better than average year for their personal income, with 17.7 percent forecasting 2011 to be one of the worst earning years of their career. The survey also reported only three out of five physicians enjoying better job satisfaction than they anticipated on their first day in medical school."
"The growing avalanche of paperwork, insurance bureaucracy, office overhead expenses, and challenges of small business management have many practices reeling," said Stephen Smith, Chief Strategist for M3 USA. "The most satisfying element of the job for many doctors is face-to-face time with patients, and that has been eroding steadily for the past decade. This trend is very disquieting for a crucial national profession already suffering increasing shortages of primary care physicians."
M3 Global Research and M3 USA
M3 Global Research is the market research division of Tokyo-based M3 Inc. (JP:2413) operating globally with a proprietary healthcare professional panel of 1.3 million respondents in more than 60 countries. The division was created by uniting the worldwide panels of MDLinx in the USA, EMS Research in Europe, and M3 companies across Asia. M3 Global Research offers a broad range of capabilities including quantitative, qualitative, and omnibus surveys utilizing call centers and in-country project managers. M3 has provided solutions for every top 20 pharmaceutical company in the world. For more information, visit http://research.m3.com or email requests to [email protected].
for M3 Global Research
Greg Jones, 908-310-3508
[email protected]