When Doctors Sell Their Practices

Doctors are selling their practices!  In some areas, it feels like no practices are doctor owned.  It’s depressing.  The days of private practice seem to be dying.

Big multispecialty groups are the future!  Everyone works with the same Electronic Health Record.  Efficiencies of scale allow us all to work smarter. No one gets lost in the system.  Bigger is better! Aligned incentives!
Except…. What I’m seeing is not going so well.  

The new owners  simply cannot manage it all.  It’s a mess.  Patients don’t see the same “provider” twice.  Facility fees drive up the cost of care.  Doctor salaries start low and don’t get higher.  The doctor is interchangeable.  Turnover is high….and patients hate it!

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Steven Mussey MD

Steven Mussey, M.D. is a physician in Internal Medicine, practicing in the Fredericksburg area for more than twenty years. He grew up in Springfield, Virginia and earned a degree in Physics from The University of Virginia, Phi Beta Kappa. He earned his medical degree at The George Washington University and was inducted into the medical honor society AOA. He is Board Certified in Internal Medicine. He served in the Air Force for four years before entering into private practice. He particularly enjoys geriatric medical care and working with complex patients. For almost a quarter century, he has been practicing with one other Internist. Both doctors enjoy practice in a small, but busy office, and plan on working into their 70s, as long as they can still find their way to the office. Dr. Mussey is also an avid cartoonist and has a weekly cartoon in the local newspaper. He also enjoys cartoon animation and has had several public service cartoons playing regularly on the television cable systems. 

  4 comments for “When Doctors Sell Their Practices

  1. Pat
    August 21, 2019 at 1:49 pm

    Patients don’t want to pay for excellence. They want care cheap, perfect, and on-demand. They have attacked physicians with their politicians, crony corporatism, and malpractice lawyers. It is not excusing the abdication by physicians of their professional obligations to observe that patients are getting exactly what they deserve.

  2. R Stuart
    August 21, 2019 at 1:21 pm

    Every year at the AAFP meeting, we get to watch docs who’ve recently sold out their practices stand up and whine about how mean their new bosses are and how they want the AAFP to make them be nicer.

    So much of this pain is self-inflicted.

  3. Rick
    August 21, 2019 at 1:09 pm

    When Physicians sell their practices to corporate interests, they are helping pound the final nails into the private practice coffins. Just don’t do it. Think about those coming after you.

    • Kurt
      August 22, 2019 at 1:16 am

      Nobody is coming after you.

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