As supply and labor costs rise and reimbursements decline, many physicians are flocking to employment models for compensation stability.
Hospital and corporate employment can make it easier for physicians to secure referrals and payer and supply contracts but lack the autonomy many leaders say is central to patient care.
“Small private practices give physicians the ability to provide the best care for their patients and to adapt to changes quickly and effectively,” Joseph Anderson, MD, professor of medicine at Dartmouth Geisel School of Medicine in Hanover, N.H., told Becker’s. “Small private practices are the lifeblood of U.S. medicine, and their ability to survive is vital to healthcare in this country.”