Impact of group medical practice on patients and physicians.
Group medical practices are just one kind of medical practice.
But they are under pressure from increased costs and competition.
Only 49.1% of patient care physicians worked in physician- owned practices.
This is drastically lower than 54% of physicians who were working in group practices in 2018
This is a concerning trend in the healthcare industry.
Group practices are important for patients and physicians.
Group practices allow physicians to employ the economy of scale in their own favor.
They act as a support group within the profession.
They offer better work-life balance and give fewer chances of suffering from burnout.
Group practices are also located where hospitals don’t operate due to high costs.
Without group practices, millions of people lose their access to easy and affordable healthcare.
Without group practices, millions of people lose their access to easy and affordable healthcare.
Group practices also result in better treatment outcomes.
Growing a group medical practice can be tough. But it doesn’t have to be that way.
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