A recent blog posed the question, “when is it time to retire”?
The hard truth is, declining physical and cognitive skills are an inevitable part of aging, so it’s crucial to hang up your stethoscope at the proper time, before competency or health issues force you to do so.
Plus, there’s evidence that doctors thrive in retirement. One 2003 U.S. study of 1,834 retired physicians and their spouses found that 88 per cent were content. Another U.S. study, published in 2001, reported that a majority of retired doctors experienced better relationships with their spouses.
So how to retire? For family physicians, changing to a more focused practice makes terrific sense. By narrowing their practice to concentrate only on their areas of expertise, older family doctors reduce their workload and ensure they continue to deliver quality care.
Aging family physicians who maintain a full workload invite increased scrutiny by medical regulating bodies — and risk being disciplined or even stripped of their license if their level of patient care slips.
And where’s the dignity in that?
Since 1997, RSRS — the only physician-managed, fully compliant storage facility in Canada — has assisted hundreds of doctors with their medical practice closures and record storage obligations.
We offer a complete medical practice closure consulting service, and in most cases for Ontario Primary Care Doctors, we can offer full record scanning and storage services and more, at NO CHARGE.
Call RSRS at 1-888-563-3732 or visit our website.