KevinMD April 28, 2024
Tod Stillson, MD

In our journey as physicians, the traditional narrative often presents a seemingly binary decision: you must choose between seeking employment within a hospital or health care institution or venturing into the challenges of establishing a private practice. However, this oversimplified dichotomy fails to capture the evolving landscape of health care entrepreneurship, particularly the emergence of a third, less conventional path – that of the single-member professional micro-corporation.

The myth of the binary choice suggests that you must decide between the stability and structure of institutional employment or the autonomy and risks inherent in private practice ownership. Yet, this oversimplification overlooks a growing trend among health care professionals who are redefining their roles as both healers and entrepreneurs.

The rise of...

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