Does a Family Member Work in Your Practice?

July 31, 2019

The ranks of employed physicians in the United States have grown to outnumber the self-employed, according to a survey by the American Medical Association (AMA) published earlier this year. The AMA's data show that 45.9% of physicians involved in patient care were self-employed in 2018, down from 76% in 1983.

There are many reasons for the long decline of private practice. Among them are healthcare consolidation, increased administrative and regulatory burdens, and desire for a different work-life balance with more predictable hours. But for clinicians who want to be self-employed, benefits could include the ability to choose whom to hire, even trusted family members. A private family practice could be the family business.

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