Is starting a private practice a dying art?

Going into my final few months of residency, I am somewhat puzzled knowing that so many of my colleagues are signing contracts with hospital-owned outpatient practices or are going into subspecialist fellowship training or have plans to work as a hospitalist. As someone who plans to go into solo private practice, I feel like an outlier.

Yes, I know what you might be thinking. Who goes into solo practice these days …

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