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Private Practice Journals | Open Access Journals
Clinical and Medical Case Reports

Clinical and Medical Case Reports

ISSN: 2684-4915

Open Access

Private Practice Journals

Private practice is a method of performing mental health, medical, and other services. Private practitioners have their own offices and typically set their own schedules. In private practice, a physician practices alone without any partners and typically with minimal support staff. Therefore, this type of practice ideally works for physicians who wish to own and manage their own practice. Private practices are organized in a corporate model where the physicians are shareholders, or where one or more physicians own the practice and employ other physicians or providers.   Private practices are almost exclusively for-profit.  Physician practices are organized into corporations for the tax benefits as well as protecting the owners from liability judgments. Private practice owners take a salary draw, split any receipts after all expenses are paid, and generally distribute receipts monthly or quarterly.  This leaves very little at year end to be taxed through the corporation.

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