Solo Physician Practice Recruiting Dwindling
If trends hold true, there will be a time in the near future when the only place to find a solo medical practice will be on You Tube.
The 2012 Review of Physician Recruiting Incentives from Merritt Hawkins found that recruiting doctors into solo practice "has almost entirely abated."
"Only 1% of Merritt Hawkins' search assignments in 2011/12 featured a solo practice setting, down from 2% in the previous year and 22% 11 years ago," the Dallas-based recruiters noted. The survey results are based on 2,710 permanent physician and allied professional searches that Merritt Hawkins/AMN Healthcare did from April 2011 to March 2012.
Kurt Mosley, vice president of strategic alliances at Merritt Hawkins, says he believes that two- and three-physician practices may soon be placed on the endangered list.
"The magic number now is six or more physicians. That is what it is going to take to survive," Mosley tells HealthLeaders Media. "I don't know exactly why, but it seems that groups of six or less are going to have a heck of a time making it because of cost and IT implementation and overhead. It's just not going to work."