by Jason Falkner, Medical Consultants of America
The State of Internal Medicine
Internal medicine physician jobs have been experiencing a trending increase primarily because of the condensed number of medical graduates pursuing a sub-specialty in this field. This has generated demand for internal medicine physicians. These physicians are able to leverage this when searching for jobs in their field and be more selective when it comes to salary, work hours and other employment conditions.
Recently, many of these doctors have started to refine their practice into one specialization resulting in treatment for a specified medical subsidiary. Internal medicine contains many sub-specialties like Nephrology, Endocrinology, Gastroenterology, Cardiology, Immunology, Hematology, Medical Oncology, Sports medicine, Sleep medicine, Addiction medicine, Geriatric medicine, Pulmonology, Nuclear medicine, Rheumatology and more. Many of these sub-specialties include only diagnosis and treatment and beyond these two areas of focus only a few like Cardiology, Gastroenterology and Nephrology involve surgical procedures. Internists can select and satisfy the specialization and certification to practice as a specialist physician. The sub-specialties or fellowship training programs of the internal medicine physicians are approved by either the American Board of Internal Medicine or the American Osteopathic Board of Internal Medicine.
- There is currently a scarcity in the physicians’ workforce in the US due to many underlying factors. Two of the major factors are as follows: half of the physicians are simply primary care providers without any specialization and nearly a third of physicians are about to retire by 2020.
- There is a severe drop in the number of medical students pursuing internal medicine as their elective as other specialties earn higher salaries, while primary care obtains decreased salaries.
- Recent national reforms in the healthcare sector has also brought in an uncertainty over the reimbursements from the medical insurance company (Medicare). Thus, people seeking medical care for minor problems is moving in a descending direction.
Per American Medical Association (AMA), nearly 2.1% of physicians are in internal medicine. Most of them are in group practices because as a group, it becomes easy for them to invest in high-priced medical diagnostic or treatment equipment. According to the projection of the Bureau of Labor Statistics, internal medicine physician jobs will experience a 22% progression in employment opportunities until 2018 because of an increased need for specialty healthcare. Succession in the aging population also designates that more people will be facing healthcare problems and seeking the support of specialists for treatment options. If the goal is to increase ones earning potential, then it is in the physician’s best interest to complete at least one sub- specialization hence increasing patient retention.
For more information on internal medicine trends, or to find out how to leverage this information on your next job search contact Jason Falkner at 813-867- 4344.
Jason is an experienced physician recruiter who specializes exclusively in Florida practice opportunities.