A physiatrist recently asked me whether it’s better to affiliate with a private practice or a hospital. I think there are inherent advantages and disadvantages with each type affiliation. Here are some of my thoughts:
Private Practice:
* Smaller so is able to be more flexible and adaptable to health care changes
* Better chance to have a more rewarding compensation with the potential of partnership
* Smaller so it doesn’t have the capacity to provide a health care continuum to fit possible payor’s needs
Hospital:
* Larger so may have a better handle on changing health care environment
* Better benefits
* The doctor may have less leverage as it’s doctor versus administration