SAN MATEO, CALIF., APRIL 12, 2006
Medical Students Diagnose the Healthcare Industry
Survey Results Give Insight to Future Physicians’ Opinions
America’s future physicians believe that the U.S. healthcare system is facing severe challenges, and only 30 percent believe it will improve in the next five years. In the largest study of its kind, Epocrates Inc. and Gerson Lehrman Group, Inc. surveyed more than 1,000 medical students across the nation giving them a voice about the future of healthcare.
Medical students were asked to “grade” various healthcare sectors as well as share their opinions on topics such as the future of technology in medicine. In a report card, based on a compilation of study results, the quality of the U.S. healthcare system received a “C+”; the performance of the Food and Drug Administration (FDA) a “C”; and the quality of medical training a “B”.
What’s behind the grade?
- Medical students identified the increasing cost of medical malpractice insurance, increasing number of uninsured patients and managed care restrictions as the primary challenges facing the healthcare industry. Consequently, more than 40 percent of medical students believe the U.S. healthcare system will worsen in the next five years.
- The study also showed that more than half of medical students believe the FDA needs to put more emphasis on scientific data review, demonstrating their desire for information and clinical analysis. Interestingly, while the FDA’s relationship with pharmaceutical companies has been under scrutiny, 50 percent of respondents believe that the two entities should make more of an effort to work closely together. However, they feel it would only be beneficial if more stringent guidelines were implemented.
- Students are also optimistic about the benefits of technology in medicine, with more than half believing that electronic medical records (EMR) can reduce medical errors and improve patient safety. In fact, more than 90 percent of medical students believe that the government should devote a significant proportion healthcare funding to EMR development and deployment. The same majority believes that EMRs will be fully adopted within ten years, which is consistent with President Bush’s healthcare initiatives. With 80 percent1 of practicing physicians not currently using an EMR system, students will be essential to driving future adoption.
- Knowing what they know now, nearly one in five medical students are unsure or would not become a physician if they had the chance to do it all over again. The majority of students reported an interest in science and their wish to help people as the top motivations for deciding to enter medicine. Surprisingly, more than 60 percent of students rated the school’s location as their top consideration, with costs as a distant second for 26 percent of respondents. Consistent with other industry surveys, Johns Hopkins and Harvard are the most respected medical schools, according to more than 70 percent of medical students.
This is the inaugural year for the Future Physicians of America survey, which will be conducted on an annual basis. Survey participants are opted-in to participate in market research surveys through the Epocrates Honors Panel.
Editor’s note: Comprehensive survey results are available upon request.
1Manhattan Research 2005
About Gerson Lehrman Group
Gerson Lehrman Group is the leading provider of customized consulting and collaboration
solutions to corporations, non-profit organizations and the investment community. Through
its proprietary Knowledge Logistics
Platform, Gerson Lehrman Group enables its clients to consult and collaborate
with the largest and highest quality network of independent experts, the GLG Councils. For more information about Gerson Lehrman Group, Inc. visit http://www.glgroup.com.
CONTACT: Erica Sniad Morgenstern Epocrates Public Relations PHONE: (650) 227-6907 E-MAIL: pr@epocrates.com WEB: www.epocrates.com