As the demand for mental health care skyrockets, a nationwide shortage of psychiatrists is leaving millions without access to critical care.
found that the COVID-19 pandemic’s impact on mental health continues. As of November 2024, about 59 million Americans, or nearly a quarter of the population, had a mental illness — yet 46% received no treatment.
This shortage is likely to worsen as more psychiatrists “age out” and retire; the average age of psychiatrists is 55. And psychiatrists’ income , the demand for their services is expected to increase by 3%, leaving a shortage of over 12,000 fully trained psychiatrists,” said Howard Y. Liu, MD, MBA, chair of the University of Nebraska Medical Center Department of Psychiatry, Omaha, Nebraska, and chair of the Council of Communications at the American Psychiatric Association .
Psychiatric residency is also more popular now than ever, added Liu. The number of residency programs has increased from 178 in 2003 to 379 in 2013 to 2143 in 2023. “Many hospital systems have been investing in opening psychiatry residencies. When a new residency opens in a system that has not had residents, Medicare dollars are available to fund positions,” he said.
Revenue Residency Residents Medical Life Physician Lifestyle Medical Lifestyle Resident Lifestyle Medical Student Lifestyle Nurse Lifestyle Match Match Day Match Application Medical Students Match Primary Care Salary Compensation Income Earnings Remuneration Salary Negotiations Student Pandemic Compensation Report Comp Report Salary Report Fellowship
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