With the re-emergence of competency-based frameworks in professional education, multisource feedback (MSF) has become a common method for assessing various competencies, including communication, professionalism, and aspects of teambased performance. A wide variety of publications over the past 50 years or more in the business and health literature would seem to support the use of MSF at least for quality improvement (QI) purposes. However, our own experience with using MSF in physicians has been quite mixed, with some physicians embracing the experience and making improvements and others the complete opposite. We decided to review the existing literature on MSF to try to identify key aspects of successful MSF programs. This paper presents a structured critique of the literature on the use of MSF in physician populations. The findings were surprising as key assumptions around the validity and reliability of MSF were not consistently met, key lessons from earlier research were not carried over to present day programs and perhaps most concerning was a lack of evidence for MSF producing meaningful sustained behavior change. From these findings we suggest some key areas of potential improvement in MSF programs.