Why physicians are turning away from private practice

Physicians are flocking to employed models over private practice, a trend that's picked up momentum during the COVID-19 pandemic, JDSupra reported January 11. 

About 108,700 physicians have left private practice since January 2019, according to a report by consulting firm Avalere cited by JDSupra

Factors drawing physicians to employed models, according to the report:

  • High costs of maintaining a private practice
  • Declining reimbursement
  • Administrative and organizational burdens
  • Business challenges for physicians who are trained to focus on delivering patient care
  • Financial pressures
  • Changes to technology, including electronic health records systems
  • Mental health, burnout and stress

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