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Since 2012, there has been an upward trend of physicians selling their private practices in order to take positions with hospitals. 2016 marked “the first year in which physician practice ownership [was] no longer the majority arrangement.”[1] In the next 10 years, it is estimated that over a third of physicians will consider moving away from private practice,[2] leaving patients at a major disadvantage.

Patients find benefits in physicians who practice in “settings they find professionally and personally rewarding.”[3] Practicing in a hospital environment “increases the chance of losing the intimate doctor-patient relationship that has been a part of medicine for so long.”[4] This is because it is less likely for a patient to receive primary care from the same physician annually. When physicians work more closely with patients, they find it empowering. Patients are inspired to make better choices, which leads to better results.[5]

Practicing medicine in a private setting has been weaved into the fabric of our healthcare landscape. Without it, physicians will lose control of things like earnings, hours, and scope of work. This is where concierge physicians have the ability to remain autonomous. With manageable hours and financial stability, they can focus on what is most important: patient relationships and practicing medicine.

[1] Murphy, B. (2017, May 31). For the first time, physician practice owners are not the majority. AMA Wire. Retrieved from https://wire.ama-assn.org/practice-management/first-time-physician-practice-owners-are-not-majority.
[2] Physicians, Don’t Abandon the Private Practice. Continuum by Carecloud. Retrieved from https://www.carecloud.com/continuum/physicians-private-practice-benefits/.
[3] Murphy, B. (2017, May 31). For the first time, physician practice owners are not the majority. AMA Wire. Retrieved from https://wire.ama-assn.org/practice-management/first-time-physician-practice-owners-are-not-majority.
[4] Ibid.
[5] Page, L. (2014, November 19) Do Small Practices Provide Better Patient Care? Retrieved from https://www.medscape.com/features/content/6006322