COVID-19 impacts the physician job market

The pandemic has wreaked economic havoc and devastated multiple industries. It may seem unlikely that physicians would feel the brunt of this havoc, but a recent report indicates that this may not be a case. Starting salaries and practice options are seeing temporary reductions. The change is unprecedented.

The report stated there was an increase in job searches for physician position over a 12-month period, but the demand had dropped by 30% since March 31, 2020. However, the decrease is not expected to be a permanent change to physician employment trends. The starting salaries for physicians have also taken a dip, but this change is not expected to be permanent.

For more on the report, check out our sister publication Medical Economics.