by Randy Bauman
The era of the small medical practice is over. How many times have we heard that? It was widely proclaimed back in the 90s, in the wake of the Clinton administrationâ€™s healthcare reform proposal. But 15 years have passed, and there are still plenty of physicians working in solo and small group practices. Despite all the predictions that small practices could not survive in an environment of â€œbig healthcare, â€? they persist. A report published recently by the U.S. Centers for Disease Control and Prevention1 estimated that as of 2003â€“2004 more than 35% of office-based physicians were in solo practice, and roughly 66% practiced in groups of five or fewer.