- Joined
- Apr 20, 2020
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I know this topic has been discussed to death, but I'd like to briefly resurrect it for good reason. I am noticing a few key trends in this specialty which make me very optimistic about its long term future. I'll keep it brief, structured, and to the point.
There is strongly increasing 'Mental Health' awareness in society. What was once a stigmatized, fringe sector within healthcare is now being brought to the forefront of all medicine. Fauci himself was even at APA last month because it simply cannot be ignored. Mental health these days is being touted as the most important factor within one's overall health especially for GenZ/Millennials. In these more conscientious groups, physical ailments are often not nearly as common as mental due to the abundance of advancements in preventative medicine (vaccines, healthier lifestyles, cheap/effective treatments), thus their complaints will become over time for mental in nature as opposed to physical. Similar to how patients in third-world counties with psych issues present with 'pain' as CC, patients in first-world countries will primarily present will mental health complaints as time progresses over the next several years/decades.
What this will ultimately result in is a drastic increase in competitiveness of this specialty within the next 5-10+ years as psychiatrists become more and more in demand, thus their reimbursements will increase. I've already noticed over the last 1.5 years a significant increase in the offers I get from recruiters for the same types of jobs.
Within the years to come, compensation will likely rival/surpass specialties like derm, anesthesia, ortho as psych enters the 'bougie' category or 'ROAD' specialties or whatever they call them these days lol
There is strongly increasing 'Mental Health' awareness in society. What was once a stigmatized, fringe sector within healthcare is now being brought to the forefront of all medicine. Fauci himself was even at APA last month because it simply cannot be ignored. Mental health these days is being touted as the most important factor within one's overall health especially for GenZ/Millennials. In these more conscientious groups, physical ailments are often not nearly as common as mental due to the abundance of advancements in preventative medicine (vaccines, healthier lifestyles, cheap/effective treatments), thus their complaints will become over time for mental in nature as opposed to physical. Similar to how patients in third-world counties with psych issues present with 'pain' as CC, patients in first-world countries will primarily present will mental health complaints as time progresses over the next several years/decades.
What this will ultimately result in is a drastic increase in competitiveness of this specialty within the next 5-10+ years as psychiatrists become more and more in demand, thus their reimbursements will increase. I've already noticed over the last 1.5 years a significant increase in the offers I get from recruiters for the same types of jobs.
Within the years to come, compensation will likely rival/surpass specialties like derm, anesthesia, ortho as psych enters the 'bougie' category or 'ROAD' specialties or whatever they call them these days lol