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There's been a slew of current job market/salary threads recently in this forum. Has anyone speculated the job market for EM in the 5,10, 20 years?
I ask because while healthcare demand is constantly rising across all specialties, and actually set to supposedly surge with the impending retirement of the baby boomers, there are some unique aspects to EM that may or may not effect future demand (vs. say primary care, cardio, ortho, or oncology for example, each of which have there own nuances of course).
Firstly, its a relatively young specialty. New residencies are opening yearly, popularity is surging, and I think this year nearly every spot was filled pre-SOAP. While the amount of yearly American grads is increasing drastically to meet future demand, its often said it will make little difference if congress doesn't expand medicare to fund more residency spots (which does not seem likely).
However in EM, new residencies are opening every year, several in my state alone over the last few years. Also more osteopaths are choosing EM than every before and AOA is also accommodating them with new residencies.
There are already markets that are hard to crack or getting saturated, as mentioned in several recent threads, including NYC/ North Jersey where I'm from. Is it possible as this pace we can train too many EM doctors for our own good?
Second, ACA will effect EM physicians differently than other specialties. While more people insured will mean less patients covered by EMTALA showing up in EDs, isn't it also possible that better access to primary care will reduce ED volume in the future? While such a reduction is unlikely, I read a paper recently about future physician demand by specialty and EM is not projected to grow as fast as other specialties (highest future growth was in primary care, cardio, ortho, and oncology.) Also EM was projected to meet that increased demand much better than these specialties.
However that being said, there are many things EM has in its favor, too. A large portion of EDs are still staffed by primary care-trained docs and over time EDs will try to replace them with the EM trained docs coming out of these new residencies. New EM business models, like free standing EDs, have expanding popularity. Also while midlevel creep threatens a lot of the nonsurgical specialties, most EM doctors I've talked to welcome midlevels as it makes their jobs that much easier.
Also, doctors are retiring later than ever, probably in order to maintain the lavish lifestyles they expected to have entering medicine only to see reimbursement cuts throughout their career. This is especially evident in radiology, which is relatively chill work, making it even harder for new grads to find desirable jobs. EM doctors tend to value free time more than others, however, and also retire younger (maybe due to burnout?).
I apologize for the long post, but with all of these confounding factors unique to EM, where do you think the job market will be in 5, 10, 20 years? It's impossible to predict, but we can have some fun speculating...
I ask because while healthcare demand is constantly rising across all specialties, and actually set to supposedly surge with the impending retirement of the baby boomers, there are some unique aspects to EM that may or may not effect future demand (vs. say primary care, cardio, ortho, or oncology for example, each of which have there own nuances of course).
Firstly, its a relatively young specialty. New residencies are opening yearly, popularity is surging, and I think this year nearly every spot was filled pre-SOAP. While the amount of yearly American grads is increasing drastically to meet future demand, its often said it will make little difference if congress doesn't expand medicare to fund more residency spots (which does not seem likely).
However in EM, new residencies are opening every year, several in my state alone over the last few years. Also more osteopaths are choosing EM than every before and AOA is also accommodating them with new residencies.
There are already markets that are hard to crack or getting saturated, as mentioned in several recent threads, including NYC/ North Jersey where I'm from. Is it possible as this pace we can train too many EM doctors for our own good?
Second, ACA will effect EM physicians differently than other specialties. While more people insured will mean less patients covered by EMTALA showing up in EDs, isn't it also possible that better access to primary care will reduce ED volume in the future? While such a reduction is unlikely, I read a paper recently about future physician demand by specialty and EM is not projected to grow as fast as other specialties (highest future growth was in primary care, cardio, ortho, and oncology.) Also EM was projected to meet that increased demand much better than these specialties.
However that being said, there are many things EM has in its favor, too. A large portion of EDs are still staffed by primary care-trained docs and over time EDs will try to replace them with the EM trained docs coming out of these new residencies. New EM business models, like free standing EDs, have expanding popularity. Also while midlevel creep threatens a lot of the nonsurgical specialties, most EM doctors I've talked to welcome midlevels as it makes their jobs that much easier.
Also, doctors are retiring later than ever, probably in order to maintain the lavish lifestyles they expected to have entering medicine only to see reimbursement cuts throughout their career. This is especially evident in radiology, which is relatively chill work, making it even harder for new grads to find desirable jobs. EM doctors tend to value free time more than others, however, and also retire younger (maybe due to burnout?).
I apologize for the long post, but with all of these confounding factors unique to EM, where do you think the job market will be in 5, 10, 20 years? It's impossible to predict, but we can have some fun speculating...