FinTech's Impact on Private Practice Growth

October 20, 2022 Author: Mario X. Carrasco

According to a 2020 study by the American Medical Association, fewer clinicians are starting their own practices and instead seeking jobs at hospitals or larger medical groups. The economic fallout of the pandemic hit private practices hard, and many are still struggling to get patients back into the office. Some clinicians are willing to forgo autonomy in favor of the paycheck security and benefits hospitals provide, particularly Black and Latino individuals, who may graduate with more debt and less support than their White counterparts.

Fintech innovations enable minority clinicians to reimagine private practice and use it as a means to return to their communities to start, scale, and sustain these small businesses and improve health outcomes in their communities.

Ease is an all-in-one financial practice operations platform that helps clinicians build new practices online in minutes, offering the first and only corporate card for private practices and other automated financial systems.

In this episode of The New Mainstream podcast, Mario Amaro, Founder and CEO of Ease, discusses how fintech can help clinicians accelerate the growth of their private practices and provide equitable healthcare.