Making the choice between practicing as a solo Physician or joining a group practice can be one of the biggest decisions of your medical career. Both solo and group practices have benefits and risks that must be evaluated before making any choices. Whether you are fresh out of Residency or a seasoned Physician looking for a change, it is important to consider these points before choosing your practice setting
Solo Practice is a great option for independent minded Physicians looking to maintain their autonomy and executive power.
There are many motivations that drive Physicians to join group practices. Perhaps you may be thinking "if you can't beat them join them" or "I went to Medical School not Business School". Whatever the reasoning, many Physicians consider joining group practices to shed the ever increasing administrative duties associated with the business-side of Medicine.
(1) Physician Compensation Report 2017. Medscape.com Accessed on 4/24/17.
(2) Employed Doctor's Report 2016: Who's Happier-Employed or Self-Employed Doctors?. Medscape.com Accessed on 4/24/17.