Ophtho solo practice still possible, and a good idea?

[golfman]

Is purchasing a solo Ophthalmology practice still a good idea financially?

I was talking with a Resident the other day that mentioned that in the past, once you got established with patients, private practice (solo) was a great way to go. But, this Resident told me that now solo practice is getting to the point where you are at a financial disadvantage if you aren't in a group because you can't share the administrative costs. What do you all think of this?

Reason is, I'm going into Ophthalmology and am considering buying a practice from a family friend (we have talked about it already). I just don't know if in 6 years when I am done (yeah, I still have to get into residency) that would be a good idea or if I should bag that whole idea and join a group.

I wouldn't mind all of the extra administrative duties that would come being completely solo. I just don't know how bad of an idea financially going completely solo is.

Any thoughts would be appreciated.

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[orbitsurgMD]

Is purchasing a solo Ophthalmology practice still a good idea financially?

I was talking with a Resident the other day that mentioned that in the past, once you got established with patients, private practice (solo) was a great way to go. But, this Resident told me that now solo practice is getting to the point where you are at a financial disadvantage if you aren't in a group because you can't share the administrative costs. What do you all think of this?

Reason is, I'm going into Ophthalmology and am considering buying a practice from a family friend (we have talked about it already). I just don't know if in 6 years when I am done (yeah, I still have to get into residency) that would be a good idea or if I should bag that whole idea and join a group.

I wouldn't mind all of the extra administrative duties that would come being completely solo. I just don't know how bad of an idea financially going completely solo is.

Any thoughts would be appreciated.

Still possible, very much so. Look in the subforum posts.

 

[echinoderm]

i'd be interested to learn how it's possible to start a solo practice... all the equipment is so expensive. how much money has to be available for a down payment? of course this depends on city/real estate.. medicine in general is going towards group practices, buying/joining established practices, or kaiser-type of systems.

 

[golfman]

Still possible, very much so. Look in the subforum posts.

Thanks. Found what you were talking about.