By: Molly Smith, John Allison, Aha Senior
Physicians are increasingly choosing to be employed instead of running their own small practices. Though a far higher percentage of physicians remain in private practice than the overall rate of self-employment in the U.S. (42% of physicians versus 10% of all workers), the decline in private physician practice is consistent with broader economic trends as jobs and the demographics of the workforce have changed. However, policymakers, academics and other stakeholders have homed in on the downward trend in private physician practices to explore the implications for consumers and payers.
