The number of physicians in private practice also declined from 2012 to 2013.
The survey cites high overhead costs (45 percent), administrative issues associated with owning a private practice (34 percent), and reimbursement cuts (32 percent) as the top three reasons physicians left private practices. Twenty-eight percent of physicians also believe that hospitals offer better opportunities.
The following list reflects trends in physician employment between 2012 and 2013, according to the Jackson Healthcare survey findings:
2012
- Hospital employed — 20 percent
- Ownership stake in practice — 23 percent
- Solo practice — 21 percent
- Work for physician owned practice/no ownership stake — 12 percent
- Practice owned by hospital or health system — 15 percent
- Independent contractor — 9 percent
2013
- Hospital employed — 26 percent
- Ownership stake in practice — 22 percent
- Solo practice — 15 percent
- Work for physician owned practice/no ownership stake — 15 percent
- Practice owned by hospital or health system — 14 percent
- Independent contractor — 8 percent
According to Jackson Healthcare, 39 percent of physicians under the age of 45 have never worked in a private practice.
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