Industry News – June 2024

Eddie Whalen

Every month, we find the most relevant news and opinions from the industry and publish them to the MGIS blog. Scroll to the bottom of the page to subscribe to the MGIS Sales Newsletter to make sure you never miss these updates.

Doctors Hit Their Breaking Point as 86% Fear for the Future of American Medicine

Fortune Well – Low pay, high workloads, and a labor shortage are causing widespread burnout among U.S. physicians.

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Gen Re Reveals a Boost in Individual Disability Insurance

Insurance Business – Gen Re’s 2023 survey shows a 7% rise in new individual disability insurance sales, with total in-force premiums reaching $5.4 billion.

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Physician Burnout by Specialty & Other Physician Mental Health Statistics

Psychiatry Advisor – Post-COVID-19, physician burnout remains high, with 63% reporting symptoms in 2021. Specialties like emergency medicine, hospital medicine, and family medicine are most affected.

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MGMA Report Highlights Productivity Gains and Rising Physician Compensation Despite Industry’s Staffing Shortages

Morningstar – The MGMA’s 2024 report shows increased compensation for primary care and specialist physicians, with primary care seeing the largest gains.

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