Episode

Beyond the “Partnership Track” and What Physicians Expect Now — A Conversation with Tara Ossek and Matt Phillips

Podcast
MGMA Podcasts
Published
May 27, 2026
Duration seconds
1780
Processing state
not_requested
Canonical source
https://mgma-podcasts.transistor.fm/767
Audio
https://media.transistor.fm/9bac3f7a/f668bfaa.mp3
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Summary

On this episode of the MGMA Insights Podcast , host and senior editor Daniel Williams sits down with Tara Ossek, Senior Vice President of Recruiting at Jackson Physician Search , and Matt Phillips, Managing Director at City Capital Advisors to examine the growing pressure points reshaping physician partnership models and private practice ownership. Drawing from conversations with physicians and practice leaders across the country, Tara and Matt discuss why recruiting and ownership strategy can no longer happen in separate silos. They break down what today’s physician candidates actually want from partnership, why vague promises around buy-ins and governance are falling flat, and how practices that delay succession and ownership planning risk losing both recruits and long-term stability. Episode takeaways Early-career physicians still value partnership, but they evaluate it like a business decision — weighing debt, lifestyle, governance, and risk alongside compensation. Vague language like “great partnership track” no longer resonates; candidates expect specific timelines, costs, expectations, and outcomes. Ownership conversations often happen too late, triggered by looming retirements or recruiting crises rather than proactive planning. Practices can’t maximize retiring partner payouts, keep buy-ins affordable, and reinvest heavily in growth at the same time — trade-offs are unavoidable and must be acknowledged. Confusion arises when practices defer ownership discussions or oversell partnership benefits that don’t align with contract language. Modern ownership structures — including LLCs, MSOs, and hybrid models — offer far more flexibility than traditional models, if practices are willing to reexamine legacy assumptions. A written, transparent FAQ addressing buy-in, t…