Doctors are calling it quits
Two years ago, Dr. Kelly McGregory opened her own pediatric practice just outside Minneapolis, where she could spend as much time as she wanted with patients and parents could get all of their questions answered.
But just as her practice was beginning to thrive, the coronavirus hit the United States and began spreading across the country.
“As an independent practice with no real connection to a big health system, it was awful,” McGregory said.
At one point, she had only three surgical masks left and worried that she could no longer safely treat patients. Families were also staying away, concerned about catching the virus.
“I did some telemedicine, but it wasn’t enough volume to really replace what I was doing in the clinic,” she said.
After her husband found a new job in a different state, McGregory, 49, made the difficult decision to close her practice in August.
“It was devastating,” she said. “That was my baby.”
Many other doctors are also calling it quits. Thousands of medical practices have closed during the pandemic, according to a July survey of 3,500 doctors by the Physicians Foundation, a nonprofit group. About 8% of the doctors reported closing their offices in recent months, which the foundation estimated could equal some 16,000 practices. Another 4% said they planned to shutter within the next year.
Other doctors and nurses are retiring early or leaving their jobs. Some worry about their own health because of age or a medical condition that puts them at high risk. Others stopped practicing during the worst of the outbreaks and don’t have the energy to start again. Some simply need a break from the toll that the pandemic has taken among their ranks and their patients.
Another analysis, from the Larry A. Green Center with the Primary Care Collaborative, a nonprofit group, found similar patterns. Nearly a fifth of primary care clinicians surveyed in September say someone in their practice plans to retire early or has already retired because of COVID- 19, and 15% say someone has left or plans to leave the practice.
The clinicians also painted a grim picture of their lives, as the pandemic enters a newly robust phase with record U. S. case counts. About half already said their mental exhaustion was at an all- time high. Many worried about keeping their doors open: About 7% said they were not sure they could remain open past December without financial help.
For some, family obligations left them no choice.
“Honestly, if it hadn’t been for the pandemic, I would have still been working because it was not my plan to retire at that point,” said Dr. Joan Benca, 65, who worked as an anesthesiologist in Madison, Wis.
But her daughter and son- in- law hold administrative positions in a hospital intensive care unit, treating the sickest COVID patients, and they have two small children. When cases climbed in the spring, their day care center closed, and Benca’s daughter desperately needed someone she trusted to look after the children.
“It wasn’t the way I wanted to end my career,” Benca said.
“I think for most of us, we would say, you would fall on your sword for your family but not for your job,” she said, adding that she knows other female colleagues who have stayed home to care for children or older relatives.
Still, most practices have proved resilient. The Paycheck Protection Program — authorized by Congress to help businesses, including medical practices, with the economic fallout of the pandemic — helped many doctors remain afloat. That money “kind of made me solid,” said Dr. Ripley Hollister, a family physician in Colorado Springs, who serves as chairman of the research committee for the Physicians Foundation. The volume now “is really coming back,” he said.
But, depending on the future course of the pandemic, Dr. Lisa Bielamowicz, a cofounder of Gist Healthcare, a consulting firm, predicts “another wave of financial stress hitting practices.” Many doctors’ groups will seek a buyer, whether a hospital, an insurance company or a private equity firm that plans to roll up practices into a larger business.