Nearly half (49 percent) of employed physicians work in a hospital or in a physician group now owned by a hospital. About 21 percent of employed physicians work for private groups that have a few owners but also employ a number of physicians, according to the survey. The remaining employed physicians work in places like community health centers, military bases, corporate labs or nursing homes.
Financial challenges seem to drive physicians to become employed, as 38 percent of respondents chose “financial security/less risk” as the primary reason for choosing employment. Another 29 percent chose employment for fewer administrative responsibilities, and 19 percent became employed for better hours or work/life balance.
Medscape surveyed more than 4,600 physicians for this report.
More Articles on Employed Physicians:
Many Employed Physicians Not Fully Integrated: Survey
Physicians: Reluctant Hospital Employees?
8 Recent Hospital-Physician Transactions
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.