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