Shareholder in a private practice

cjcalimer · Nov 28, 2014

Yes! One of my former preceptors was given the option to buy in to an internal medicine practice after being there for about 7 years. Another also started a visiting doctor service in collaboration with a physcian and owned a portion of that practice. And yet another was an NP as well as being a wound care and continence specialist and started her own consulting business after working for another homecare agency. I think it's all about being in the right place, developing the right relationships, and having the savy to identify a need and being willing to take on the business aspect. Of course, you also need scope of practice on your side.

orangepink, NP · Nov 28, 2014

I currently work in a specialty clinic owned by my supervising/collaborating doctor who employed 3 other physicians. I love working for him and in the clinic. However, he is older and has been talking about retiring very soon (5 years). The other 2 physicians are older too and will probably retire around the same time. The only physician left is in her early 50s and I know she doesn't want to take on more patient load. At first, i worried that he would mostly likely sell his practice but I figured anyone who spent so much time and hard work to build a practice would surely hang on to it longer. He's hinted twice that he's hoping to just sit around relax and let me manage all his patients. He's also said that he wants me to grow old in his practice hehe but right now, I guess he wants me to be trained well.

That surely sounds inspiring! I thought as NPs, we were never allowed to be shareholders in a practice. But I hope more people will share their stories here in this thread.