In My Opinion: The Future of Independent Practice
Edward S. Cohen, MD, CEO of Genesis Healthcare Partners in San Diego, California, discusses the future of independent private physician practices. He defines the three main types of private practices: solo, small group, and large group. Private practices face mounting pressures, including increasing expenses, decreased reimbursement, and an aging MD population. For these reasons, Dr. Cohen believes solo practices and small group practices are dying out. He suggests that independent private practice physicians provide a necessary counter-balance to foundation-based doctors, making large group practices the best way to move forward.
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