Whether a physician is self-employed or is employed by a hospital or health system comes with advantages distinct to each, according to Medscape's 2022 "Employed Physicians Report" and its "Self-employed Physicians Report."
The reports surveyed more than 1,350 employed physicians and 740 self-employed physicians on aspects of their jobs, including income satisfaction and work-life balance.
Here are the employed physicians' favorite parts of their jobs, per the "Employed Physicians Report," ranked by popularity:
- Not having to run a small business.
- Having a stable income.
- Having malpractice insurance paid for.
- A better work-life balance.
- The opportunity to work with large teams and staff.
- Spending less time on rules and regulations.
Here are the self-employed physicians' favorite parts of their jobs, per the "Self-employed Physicians Report," ranked by popularity:
- Having autonomy.
- Control over their own productivity.
- Not having mandatory performance targets.
- The potential for income growth.
- Fewer workplace rules.
- Job security.