A recent trend that does not look like it is slowing down is hospital buy-outs of private medical practices. The appeal for private practice physicians might be a variety of things: financial security and certain benefits paid by an employer, virtually no worries about decreasing patient flow, and often a small cash payment. But this trend has ramifications for physicians and patients alike. Let’s take a look at some of the benefits of private practice as opposed to hospitalized care. For any physicians considering a move like this, consider the following:
Increased physician autonomy in a private medical practice.
When you run your own practice (or work within an independent practice), you are much freer to practice medicine in the way you deem most beneficial to patients. As part of a large healthcare organization, you become a cog in a wheel - subject to someone else’s schedule, policies, and procedures. As a private practice physician, you have greater say in how to handle patient disputes, the type of environment you want to create, how your office is staffed, and more. Increased physician autonomy results in happier physicians AND patients...a win-win situation.