A new study published by the Proceedings of the National Academy of Sciences determined paying for services that gave customers more time led to increased satisfaction compared to money spent on material items.
The study had 4,500 participants pay for various services including: ordering takeout food, taking a cab, hiring a cleaner or paying someone to run an errand. Not surprisingly, this led to a sharper increase in life satisfaction compared with participants who spent an equal amount of money on a material item. Another interesting finding of the study was that the income level of the participant did not play a factor in their level of satisfaction after paying for more “time.” They attributed this phenomenon to a current state of time scarcity described as a “time famine.”
At iScribes, we are keenly aware of the amount of time we save surgeons and we were not surprised by the study results. To learn exactly how much time iScribes saves physicians, click here.