According to 2023 reports, by 2021, nearly 70% of physicians were employed by hospitals or investor-owned corporations.
Category: Employment-Hospital
According to 2023 reports, by 2021, nearly 70% of physicians were employed by hospitals or investor-owned corporations.
I recently read an article about a physician who had sold his practice to a hospital. The physician was quoted as having stated that he had grown disenchanted with running the business end of his own practice, thus his agreement to “have my practice managed by” the hospital.
“We’re screwed. The hospital won’t renew our contract.”
If yours is an average group, you’re doing more work for less pay.
I recently read an article about a physician who had sold his practice to a hospital. The physician was quoted as having stated that he had grown disenchanted with running the business end of his own practice, thus his agreement to “have my practice managed by” the hospital.
If yours is an average group, you’re doing more work for less pay.
What will happen to your hospital contract or to your hospital employment relationship in the event the hospital merges? Will you still be the contract holder? Will you still have a job?
The is no real security in depending upon a pseudo-parent employer.
Medical groups and individual physicians often complain about the hand they’ve been dealt. They seek a strategy to deal with it. In some cases that strategy exists. In others they have waited too long before seeking help.
