- December 20th 2017
Michael Donald -
Not that long ago, in the mid-1980s, more than half the doctors in the U.S. worked independently, and less than five percent were in large physician groups. Now healthcare has undergone a dramatic shift, with only 36 percent of physicians working in a solo practice in 2017. 20 percent of physicians now work in groups of 25 or more and 65% of doctors are based in a hospital.
If trends continue, by just 2019, an estimated 75 percent of all new physicians will be employed in a hospital. This is driven in part by the newest generation of doctors, who are 2.5 times less likely than their older counterparts to be in solo practice, and the lack of replacements for retiring solo physicians. Many existing doctors are also enticed out of private practice with buyout offers from hospitals and other healthcare providers. With the number of U.S. solo medical practices declining rapidly, it is time to examine the trend, and see what the advantages might be for a new doctor deciding to go it [Read more]