The American Medical Association recently released a survey of 3,500 representative physicians on their “practice arrangements” - how they organize and pay themselves. Two or three graphs should tell our story.
Consolidation for size
Solo practitioners, like pterodactyls looking for a tar pit, continue to decline, as do small 3-5 physician practices. Our “cottage days” of small practices are in retreat as practices must grow bigger to stay competitive and to negotiate with the shrinking pool of healthcare insurance carriers.
The demise of small office practices has many causes. With a ...