Physicians move away from private practice
Facts at your Fingertips
By Emily Margosian, Assistant Editor, June 1, 2024
Physicians are less likely to work in private practice than they were 10 years ago, according to new data released by the American Medical Association (AMA). Top factors driving the shift included economic, administrative, and regulatory burden. According to the AMA’s analysis, which was based on data collected between 2012 and 2022, four out of five physicians indicated the need to better negotiate favorable payment rates with payers as a key reason driving the sale of their practice to a hospital or health system. 70% of respondents also indicated the need to improve access to costly resources and the need to better manage payers’ regulatory and administrative requirements as a factor in their decision to leave private practice. See the graphic below for an illustrated look at changes in physician practice ownership, practice size, and employment status over the last decade.
