Question: In recruiting new doctor to our physician group medical practice, how many years before they should be eligible for partnership in the practice. Thanks!!
Answer: My recommendation is 3 years with a small buy-in after the three year period. It usually takes three years to get a financial return on this big investment. Most new doctors today are looking for smaller buy-ins – it's becoming a major recruiting issue in a lot of service areas and for a lot of specialties. Extending the employment period to three years before being eligible for ownership I think warrants a smaller buy-in.