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Is Job Stability a “Thing” Anymore In Medicine?

Daniel Paull MD shares that physicians don't have job stability anymore.

March 8, 2023

Job stability is something that those wanting to become a doctor think that they will have.

It’s common to hear people say, ” We will always need doctors.” And that’s true to a certain extent, but while there is a need for doctors, that doesn’t mean that the jobs are all that stable anymore.

Physician jobs are becoming less and less stable as time goes on. Small private practices barely exist anymore, so all that we are left with is large hospital systems and large private practices that may be PE backed.

 

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Those jobs aren’t the most stable.

Those large companies bring mergers, acquisitions, territory fights, and general instability to your general job.

Now that physicians have given up our autonomy, we can be held to job productivity standards that can be near impossible to meet, and then punished when we don’t meet them.

Many see employment as less risky than entrepreneurship. But it’s paradoxically untrue.

If you lose your job while being employed, you go from making 100% to 0%, practically overnight.

If you are self employed, most of the time you have multiple streams of revenue so that if one goes down, you have five more.

Done right, entrepreneurship provides much more stability for a physician than a corporate job.

All opinions published on SomeDocs-Mag are the author’s and do not reflect the official position of SoMeDocs, its staff, editors. SoMeDocs is a magazine built with the safety of free expression and diverse perspectives in mind. For more information, or to submit your own opinion, please see our submission guidelines or email opmed@doximity.com. Do you have a compelling personal story you’d like to see published on SoMeDocs? Find out what we’re looking for here and submit your writing, or send us a pitch.

All opinions published on SomeDocs-Mag are the author’s and do not reflect the official position of SoMeDocs, its staff, editors. SoMeDocs is a magazine built with the safety of free expression and diverse perspectives in mind. Do you have a compelling personal story you’d like to see published on SoMeDocs? Submit your own article now here.

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