In an era of ongoing collaboration between care providers, the hospital-owned physician practice is increasingly common. However, models like Heritage Medical Associates', which combines the scale of a large network with the independence of a private practice, offer another dimension to predicting the future of private practice.
Heritage Medical Associates has grown in just over 20 years from a 10-person internal medicine practice into a veritable Middle Tennessee giant — the largest independent, multi-specialty physician group in the area.
With more than 100 physicians, 10 specialties, laboratory and imaging services and a dozen sites of care, the practice operates like a mini-hospital in some ways, according to Dr. Paul Gentuso, Heritage chief medical officer.
"When you think of why so many physicians are beginning to be employed by the hospital now, I think it's because the younger generation is looking for security, and the older generation was looking for opportunity," Gentuso says. "That's not a slam on the younger physicians, because the world is a little less secure now in regards to the business of medicine."
Beyond the security of steady patient flow and a payc