The Anonymous Physician:
Employment verses private practice
To create a safe platform for physicians to discuss pressing issues in healthcare, we’re launching an Anonymous Physician column. From time to time, we’ll pose a question to a doctor, or a group of doctors, and post their answers anonymously, giving them the freedom to be frank and uninhibited. After all, we believe the best solutions come out of open discussion. We hope you enjoy this first installment.
The issue: Employment verses private practice
This decade has seen an historic rise in hospital employment, and more and more physician practices are being acquired by larger systems. But many young physicians still gravitate toward private practice. Understanding the draw of both employment models could help healthcare leaders better understand how to create the best possible working environment for physicians—and ultimately attract more people to the field of medicine.
We asked two young physicians about their recent employment decisions. One of them chose to go into private practice, and the other chose hospital employment. What factors influenced that decision?
Anonymous Physician A
Male, Urologist, Age 35
“I decided to go into private practice for a number of reasons. Firstly, I wanted the autonomy that comes with being a partner/owner of a practice. Secondly, in the long run, private practice will be more lucrative financially. And ultimately, it was the upstanding people of the practice that I wanted to call my colleagues.”
Anonymous Physician B
Male, Neurology, Age 37
“I chose employment because I wouldn’t have to worry about the headache of starting my own practice (office costs, hiring of ancillary staff, advertising/marketing to recruit patients etc). Also being a stroke specialist, my work is predominantly in the hospital using the tools the hospital provides for proper evaluation, so makes it easier for me.”
SIGN UP FOR OUR NEWSLETTER
If you would like to receive industry updates and articles like the one you see here, complete the form below
Want to Learn More? Read the Latest From MaxWorth
Practice Transition Strategies: Planning ahead for inevitable change According to the 2021 Jackson Physician Search survey, 21% of physicians are considering early retirement. This trend is expected to exacerbate the physician shortage, which is an increasingly troubling issue for the industry. But what does it mean for individual organizations? …
Rural Healthcare in America Courage in Healthcare · Rural Healthcare in America: Financial Viability Episode Three: Financial Viability In this series on rural health in America, we’re diving into the issues that are threatening access to care in some of our most medically underserved communities. Our third and…
Rural Healthcare in America Courage in Healthcare · Rural Healthcare in America: Physician Shortages Episode Two: Physician Shortages In this series on rural health in America, we’re diving into the issues that are threatening access to care in some of our most medically underserved communities. This episode focuses…
Rural Healthcare in America Courage in Healthcare · Rural Healthcare in America: Access to Care Episode One: Access to Care This episode kicks off our new series on rural healthcare in America. Rural populations are often medically underserved, and the hospitals and health systems that serve them are struggling…