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.
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.
If you are trying to understand what a physician-led integrated health system is and whether it may be a good practice option for you, the AMA guide, Joining or Aligning with a Physician-led Integrated Health System provides basic information and an easy roadmap to help you decide whether you want to join or align with one.