By Heidi Moawad, MD
One of the most important decisions a doctor makes is whether to take an employed position or to run an independent practice. There are pros and cons to each choice, and the decision rests on factors that relate to personal preference as well as professional survival.
Independent physicians take in more financial risk than employed physicians. The investment required to rent or buy clinic space, purchase medical equipment and pay staff salaries is an upfront cost of setting up a medical practice — before any patients are even scheduled, and long before any patient care reimbursement is collected.
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