Physicians have numerous practice options from which to choose. These options vary depending on physician preference, specialty, geography, the specific patient population and the health care market dynamic between providers (e.g., a hospital) and payers.
Practice Options for Physicians
This AMA resource gives a basic understanding of 4 common practice options with benefits and value of each option.
- Owner of a solo practice
- An equity owner of a group practice
- An employee of a group practice, hospital, health care system
- An employee of an academic institution
While each practice option has its own distinct risks and rewards, choosing a medical practice setting ultimately will be based on your unique professional and personal needs and desires.