which specialties frequently own and/or run their own practices/offices?

[Mako555]

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I really like the idea of running my own practice and office. Which specialties are more likely to do this? Which are less likely?

For example, i think a dermatologist is an easy example of one which could do this. So is a pediatrician. And an anesthesiologist could not, because an anesthesiologist is usually part of a surgical team.

if this is a dumb question, feel free to tell me. but at least tell me why.

thanks!

 

[smq123]

Pretty much any specialty can own their own practice. Even anesthesiology - they may be contracted by a hospital to work there, but they will run/own their own business. In other words, they work in the hospital, but the hospital does not tell them who they can hire, who they can fire, who works which week, how much vacation they can take, etc. Same goes for Emergency Medicine or surgery.

It is becoming increasingly uncommon for people to own their own business. The business aspects of medicine are becoming more difficult and more complicated, so people are either turning to large practices that own several satellite offices, or are being bought out by hospitals.

 

[Mako555]

thanks very much for the helpful response. I think I need to be more clear: I meant doctors who work in a place that they own/rent, and they are in charge of. Like your typical family dentist, for example.

 

[Frazier]

thanks very much for the helpful response. I think I need to be more clear: I meant doctors who work in a place that they own/rent, and they are in charge of. Like your typical family dentist, for example.

...Yes, that is unfortunately what she is talking about too.

In this case, "owning own business" = private practice = on the decline.

 

[fore]

I really like the idea of running my own practice and office. Which specialties are more likely to do this? Which are less likely?

For example, i think a dermatologist is an easy example of one which could do this. So is a pediatrician. And an anesthesiologist could not, because an anesthesiologist is usually part of a surgical team.

if this is a dumb question, feel free to tell me. but at least tell me why.

thanks!

This is not a dumb question. Any specialty can. You need an entrepreneurial mind set, and accept that in exchange for autonomy there may be some lean times. However, that autonomy frees you from a ton of bureaucratic waste, and lets you set your own scheduling, fees, specialties you work with, and you are your own boss. If you elect not to accept paltry fees from third party payers, great! Plastic, anesthesiology/pain med, PM&r, derm, all do well, and guys who started within the last few years have paid off their student loans, and compared to other people who broke away from the employee mindset, are happier. It isn't for everyone but it works well for quite a few. There is no safety net and it takes some guts and endurance. Good luck. One more thing location is crucial. Go out and talk to people who took this route. Freedom, or as free as you can from red tape and waste.