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Building and Managing a Successful Private Practice

  • Joseph M. Lombardi
  • Melvin C. Makhni
  • Joseph S. Lombardi
Chapter

Abstract

Significant benefits for private practice employment exist in today’s medical landscape, despite continued downward pressures against this model. These include freedom of schedule, case volume and/or selection, access to ancillary revenue streams, and control of office personnel. While entering into a private practice exposes a surgeon to more financial risk than hospital or academic employment, it also holds potential for greater entrepreneurial fulfillment, especially for more business-minded physicians. With the constantly evolving medical landscape, it is our belief that there will always be a role for private practice models in delivering quality and economic healthcare for future generations. This chapter serves to outline the potential benefits, as well as risks, of a private practice employment model.

Keywords

Private Practice Orthopedic Surgery Business Success 

Recommended Reading

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    Baum N, Bonds RG, Crawford T, Kreder KJ, Shaw K, Stringer T. The complete business guide for a successful medical practice. Cham: Springer; 2015.CrossRefGoogle Scholar
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    George B. True north: discover your authentic leadership. San Francisco: Jossey-Bass; 2007.Google Scholar
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    Porter M, Kaplan R, Kahneman D. HBR’s 10 must reads 2018: the definitive management ideas of the year from Harvard Business Review. Boston: Harvard Business Review; 2017.Google Scholar

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Joseph M. Lombardi
    • 1
  • Melvin C. Makhni
    • 2
  • Joseph S. Lombardi
    • 3
  1. 1.Department of Orthopedic SurgeryOrthopedic Surgery, Columbia University Medical CenterNew YorkUSA
  2. 2.Department of Orthopedic SurgeryBrigham and Women’s Hospital, Harvard Medical SchoolBostonUSA
  3. 3.Department of Orthopedic SurgeryJFK Medical Center, Edison Surgical CenterEdisonUSA

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