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Are you self employed?

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Subject: Career question for you

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Dr. Frank’s Answer

If you look at the IRS definition of self employed then the answer Ian self employed. What is considered self employed?

Being self-employed means running your own business, but that business can be set up in a variety of ways. The IRS says that a self-employed individual is someone who "owns an unincorporated business," like a sole proprietor or independent contractor or a sole owner of an LLC.
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Miguel’s Answer

Yes, I am, and it has been a wonderful experience.
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Rachel’s Answer

Most physicians now are not self-employed due to the difficulty of paying overhead, negotiating insurance contracts, and being on call 24-7. The most common means of employment are hospital-based practices, group private practices, and academic medical center practices.
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Richard’s Answer

I am in a group of about 25 physicians. We are all partners and thus all owners of the group. However it feels as if we work at the whim of hospital administrators sometimes. They have the power to cancel our contract to provide services at the hospital and choose which equipment to buy for us to work with.

My situation is becoming more rare. Large corporations and private equity ownership seems to be the future of medicine.
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