What is a group medical practice?
A group medical practice is formed when a number of medical professionals collectively form a business entity to provide their services.How It WorksGroup medical practices are known for sharing facilities and resources. The group management can hire staff and run their multiple operations as one business entity, allowing partners to profit from more client membership versus working as individual providers.HistoryThe first group medical practice was started in the late 1800s. The number of medical groups has since grown from a small number of 300 in the 1930s to over 37,000 in 2003.Comprehensive ApproachA small group medical practice will frequently provide the entire care for a client involved in their practice, from in-patient care to out-patient follow-up. Larger medical groups branch out to cover multiple medical disciplines.SynergiesGroup treatments improve as experienced partners work together. As a result, medical group practices have been regularly credited with new designs in t
