What is a hospital owned practice.

[alpha2716]

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Is this where the hospital pays to work in your own medical office but they just own it and are the administrators? Or does this just mean that you are employed by the hospital and work at the hospital?

 

[IlDestriero]

The hospital owns the practice and you work for them. Usually as an employee.

 

[sonofva]

it is really rare for primary care physicians to go "hang a shingle" anymore (although it is possible still in small towns/rural areas). most often they either work for a group practice, or as an employee for the hospital in a satellite office. group practices are usually either physician owned, or owned by a bunch of businessmen who tell you what to do. the other option is to work locums.

 

[Winged Scapula]

it is really rare for primary care physicians to go "hang a shingle" anymore (although it is possible still in small towns/rural areas). most often they either work for a group practice, or as an employee for the hospital in a satellite office. group practices are usually either physician owned, or owned by a bunch of businessmen who tell you what to do. the other option is to work locums.

I'm not sure it's "really rare"; here in the 5th largest city in the US, we have many PCPs in very small 1 or 2 person practices. Increasingly less common and who knows for how long but it does exist as a successful practice model outside of Mayberry,

 

[styphon]

It is a practice that is owned and managed by a hospital. This means doctors who work at the practice are employees as opposed to owners/shareholders. This can occur in the clinic or hospital. For example: A primary clinic can be hospital owned or physician owned. A hospitalist group (doctors who round only on hospital pts) can be private or hospital owned.

The positives and negatives of such are pretty much in the same areas, for example:
-You usually have no control over staff hirings/firings - which can be a positive or negative
-You are usually salaried+Incentive - which can be positive or negative
-You do not have to manage the administrative part of the practice - again this can be positive/negative
-your scope may be limited by the hospital's policy/decisions