Research from the AMA shows that employed physicians now exceed those who own their practices, yet many doctors yearn for the independence and other attractions of private practice. But that practice mode can come with the administrative headaches of running a small business while trying to deliver top-notch care.
Now a company wants to shake up the new normal by giving physicians a path to set up their own practices in a way they can focus on practicing medicine without having to worry about needing an MBA—and lot of extra time—to run the business side of things.
Emergence Healthcare Group is the latest company to spin out of Health2047, the wholly-owned innovation subsidiary of the AMA created to overcome systemic dysfunction in the U.S. health care. The new company will offer physicians a “turnkey practice” solution.