Physician-owned Practices Continue to Decline

It is predicted that fewer than 40 percent of physicians will own a practice at the end of 2013, with nearly 90 percent of them citing business expenses a a top concern, according to a survey by Accenture.

According to the consulting firm, 36 percent of physicians will own a practice by the end of the 2013, down from 57 percent in 2000:

An accompanying survey of 204 physicians found that 87 percent cited business expenses as a top concern influencing their decisions to seek employment. Sixty-one percent named managed care, and 53 percent identified requirements for electronic health record systems. In addition, 53 percent mentioned problems managing staff, and 39 percent cited the large number of patients needed to break even.

Posted in Finance, Physicians.