Medical Practice Trends.com » solo practice

Take Our Survey: Are You Using EMR?

Peter Polack — Wed, 23 Dec 2009 01:45:24 +0000

EMR Implementation – How do you stack up against your colleagues?
We’ll post the results in a week or so.
Click the Next button after you answer each question

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Post tags: EHR, electronic medical records, EMR, EMR implementation, EMR training, healthcare IT, medical practice management, practice management software, practice management system, solo practice

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Practice Size – Is Bigger Better?

Peter Polack — Wed, 13 Feb 2008 00:34:09 +0000

Recent studies suggest that larger physician groups not only have advantages over smaller groups and solo practices when it comes to negotiating contracts but they may also offer better quality of care. According to a report in American Medical News, larger practices are more likely to result in the “public practice of medicine”, where peer review and pressure improves the quality of the medical care delivered.

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Post tags: group practice, medical practice, practice overhead, practice size, solo practice

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Solo Practice – An Endangered Species

Peter Polack — Fri, 18 Jan 2008 02:14:51 +0000

One- and two-doctor practices may become a thing of the past as an increasing number of physicians are being wooed by hospitals.A recent article in the American Medical Association News magazine reports that solo practices may be becoming a thing of the past. According to a study by the Center for Studying Health System Change, during the period between 1996 and 2005, the percentage of one- and two-physician practices declined from about 41% to 32%, while single-specialty groups with 6 or more physicians increased from about 13% to 18%.

Joy H. Grossman, PhD, a co-author of the report, credits such issues as a better work-life balance and a perception of less hassle as a reason for new physicians preferring to join larger groups. Practices across the spectrum have seen decreasing salaries despite increased productivity, and solo practices are less able to absorb this financial impact.

Hospitals have had a sharp rise in the number of physicians they are recruiting, usually at the expense of these smaller groups. Another report discusses the increasing number of proceduralists (physicians who only perform procedures and do not have their own patients) being hired by hospitals.

So what does this mean for existing practices? Well, solo or small practices will find themselves competing with hospitals for the brightest and the best of the new doctors coming out of training. Larger practices may take some solace in the fact that new physicians are more likely to want the infrastructure and financial stability that they are offered, allowing them to focus less on operating a practice and more on the practice of medicine.

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Post tags: overhead, solo practice

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