CAREER PLANNING |
Finding the Right Practice
Hospital Employment
With hospital employment positions, physicians have an employment agreement and contract with the hospital. The hospital typically manages many of the administrative aspects of the practice such as billing, insurance contracting, and human resources.
There are several considerations when determining if an employed position is an appropriate choice for your career.
PROS
steady income with benefits, in larger groups there is more stable call coverage and a more predictable work schedule, less business or legal risk, built-in referral network, professional comradery, subspecialty support, administrative and management support
CONS
diminished autonomy, committee work, hospital policies and procedures, hospital decisions could impact your practice, possible productivity demands or performance metrics to maintain salary, less flexibility in schedule
PRACTICE CHALLENGES
having less influence in decision-making
potentially more limited income potential than private practice
complying with hospital policies
less flexibility over schedule
less autonomy
having hospital administrators as your “boss”
less control over compensation
may have a significant amount of bureaucracy
- Do you desire financial security and less business risk?
- Do you prefer the freedom of not running your own practice?
- Would you like to ensure a healthy work-life balance?
- Do you want less administrative burden?
- Do you want an attractive benefits package?
- Do you prefer to focus solely on patient care?
