At some point, you’ll be confronted by the one decision all physicians must make -- should you start your own practice or join the staff of a hospital? In other words, do you want to be your own boss and be an entrepreneur, or become an employee of a large corporation? As with any decision, there are pros and cons for both choices.
It’s interesting to note that the trend has started shifting from physicians owning their practice to becoming employees. In fact, a 2017 study conducted by the AMA revealed that 2016 was a watershed year – it was the first year when physician ownership dropped below 50%. It’s quite a contrast to 2014, when over half of physicians owned their practice.