Adding a partner to your physician-owned practice can have several benefits, including increased revenue, an expanded patient population and a new set of skills. However, a mismatched partnership can cause conflict and liability, according to a July 11 report from Medscape.

Here are five stats behind what's driving physician practice acquisition from the American Hospital Association:

Mukesh Sharma, MD, interventional nephrologist at Reno, Nev.-based Sierra Nevada Specialty Care, joined Becker's to discuss the biggest threats to physicians. 

For better or for worse, private practice as we know it is changing. 

Boynton Beach, Fla.-based Medical Specialists of the Palm Beaches has acquired Cohen Medical Associates, a primary care practice with two locations and five physicians in Delray Beach.

Catalyst Health Network has formed a long-term partnership with Agilon Health, a value-based care platform.

Here are three ways teamwork can lead to a stronger private practice, according to Cleveland Clinic West Regional Director for Primary Care Kevin Hopkins, MD, in conversation with the American Medical Association:

Here are four pieces of advice for young physicians beginning their career in private practice, per the American Medical Association:

The Association for Independent Medicine has launched to support independent, physician-owned medical practices and is backed by nearly 400 anesthesiologists.

A total of 49.1 percent of physicians practicing in 2022 delivered patient care in practices that were wholly owned by physicians, down from 60.1 percent in 2012, according to the American Medical Association.

Fort Wayne, Ind.-based Parkview Physicians Group has added Fairhaven Obstetrics and Gynecology in Goshen, Ind., to its network.

As healthcare increasingly consolidates, some healthcare leaders are worried about the effect on patient care. 

Family Practice Center has partnered with Agilon health, a healthcare platform helping physician groups transition to a total care model for senior patients.

Aledade has added 450 primary care practices, including 60 health centers, to its network in 2023, making it the largest network of independent primary care providers in the country.

A bill introduced in the New Mexico Senate looks to allocate $7.5 million to the Higher Education Department to address the state's physician shortage, CBS and Fox affiliate KRQE reported Feb. 8. 

Renaissance Physicians Partners announced it's seeking to acquire independent providers in the Houston area with the support of Capital Group for Better Health, a joint venture between CareAllies and Renaissance Physicians Organization.

Increased autonomy and potential income growth are big draws for physicians interested in going into private practice, and the American Medical Association shared tips to help make that transition work. 

Forty-six percent of independent physicians saw income reduction in 2022, compared to 23 percent of employed physicians, according to the Physicians Foundation's "2022 Survey of America's Physicians," released Nov. 15. 

Medscape surveyed 744 self-employed physicians for its 2022 "Self-employed Physicians Report" on their experiences.

The American Medical Association laid out seven key tips for starting a private practice in an Oct. 24 blog post: