Literature DB >> 29229713

Patterns of physician retirement and pre-retirement activity: a population-based cohort study.

Lindsay Hedden1, M Ruth Lavergne2, Kimberlyn M McGrail2, Michael R Law2, Lucy Cheng2, Megan A Ahuja2, Morris L Barer2.   

Abstract

BACKGROUND: Knowing when physicians retire and how they practise in the pre-retirement years is important information for health human resource planning. We identified patterns of retirement for physicians in British Columbia and the determinants of when and how physicians retire.
METHODS: For this population-based retrospective cohort study, we used administrative data to examine activity levels and to identify retirements among BC's practising physicians. We included all physicians who were at least 50 years of age as of March 2006 and who had received payments for clinical services in at least 1 year between 2005/06 and 2011/12. We defined retirement as a permanent drop in monthly payments to less than $1667/month ($20 000/yr). We examined the patterns and timing of retirement by age, sex, specialty and location using linear and logistic regression models.
RESULTS: Of the 4572 physicians who met the inclusion criteria, 1717 (37.6%) retired during the study period. The average age at retirement was 65.1 (standard deviation 7.8) years. Controlling for other demographic and practice characteristics, we found that women and physicians working in rural areas retired earlier, by 4.1 (95% confidence interval [CI] -4.9 to -3.2) years and 2.3 (95% CI -3.4 to -1.1) years, respectively. We found no difference in retirement age by specialty. We identified 4 patterns of pre-retirement activity: slow decline, rapid decline, maintenance and increasing activity. About 40% of physicians (440/1107) reduced their activity levels by at least 10% in the 3 years preceding retirement.
INTERPRETATION: During the study period, physicians in BC - particularly women and those in rural areas - retired earlier than indicated by licensure and survey data. Many physicians reduced their practice activity in the pre-retirement years. These trends indicate that forecasts relying on licensure "head counts" are likely overestimating current and future physician supply.
© 2017 Joule Inc. or its licensors.

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Year:  2017        PMID: 29229713      PMCID: PMC5718891          DOI: 10.1503/cmaj.170231

Source DB:  PubMed          Journal:  CMAJ        ISSN: 0820-3946            Impact factor:   8.262


  12 in total

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Authors:  Frances A Farley; Jeffrey Kramer; Sylvia Watkins-Castillo
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4.  Increasing the number of rural physicians.

Authors:  James Rourke
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5.  The influence of marital status and spousal employment on retirement behavior in Germany and Spain.

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6.  Planning for retirement from medicine: a mixed-methods study.

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Journal:  Can Fam Physician       Date:  2016-10       Impact factor: 3.275

8.  When Do Primary Care Physicians Retire? Implications for Workforce Projections.

Authors:  Stephen M Petterson; William F Rayburn; Winston R Liaw
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9.  Mental health, job satisfaction, and intention to relocate. Opinions of physicians in rural British Columbia.

Authors:  H V Thommasen; M Lavanchy; I Connelly; J Berkowitz; S Grzybowski
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Review 10.  A systematic review of physician retirement planning.

Authors:  Michelle Pannor Silver; Angela D Hamilton; Aviroop Biswas; Natalie Irene Warrick
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  9 in total

1.  Physician retirement: gender, geography, flexibility and pensions.

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5.  Retirement ages of senior UK doctors: national surveys of the medical graduates of 1974 and 1977.

Authors:  Fay Smith; Michael J Goldacre; Trevor W Lambert
Journal:  BMJ Open       Date:  2018-06-27       Impact factor: 2.692

6.  Will the Real Physician Retirees Please Stand Up?

Authors:  Lindsay Hedden; M Ruth Lavergne; Kimberlyn M McGrail; Michael R Law; Lucy Cheng; Megan A Ahuja; Morris L Barer
Journal:  Healthc Policy       Date:  2018-11

7.  Updated Inventory and Projected Requirements for Specialist Physicians in Geriatrics.

Authors:  Monisha Basu; Tracy Cooper; Kelly Kay; David B Hogan; José A Morais; Frank Molnar; Robert E Lam; Michael J Borrie
Journal:  Can Geriatr J       Date:  2021-09-01

8.  Physician assistant/associate retirement intent: seeking the exit ramp.

Authors:  Roderick S Hooker; Andrzej Kozikowski; James F Cawley; Kasey Puckett
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9.  How long does it take patients to find a new primary care physician when theirs retires: a population-based, longitudinal study.

Authors:  Lindsay Hedden; Megan A Ahuja; M Ruth Lavergne; Kimberlyn M McGrail; Michael R Law; Lucy Cheng; Morris L Barer
Journal:  Hum Resour Health       Date:  2021-07-23
  9 in total

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