The Employed Physician: Your Staff Appointment Does Not Equal Job Security

Physicians are increasingly parting ways with private practice to join the ranks of health system employees. Hospital and health system employment of physicians grew by 49 percent from 2012 to 2015, according to a September 2016 report by the Physicians Advocacy Institute. Hospital ownership of physician practices has also seen significant growth. As of 2015, hospitals came to own one in four physician practices, a whopping 86 percent growth from 2012. This trend is magnified in the Northeast: by 2015, hospitals employed 42 percent of all physicians and owned 28 percent of all physician practices in this region. Many young physicians will practice their entire professional careers as hospital employees, whether directly or through hospital-owned practices.

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