Dr. Jones and Dr. Brown share patients, expenses, profits, and assets. What type of medical practice is this?

The correct answer is that this scenario describes a partnership, where two or more individuals jointly operate a medical practice. In a partnership, the physicians share not only the patient load but also the expenses, profits, and assets of their medical practice, collaborating closely in their operations. This structure allows for shared responsibilities and resources, which can enhance the ability to provide care and manage the business aspects of the practice.

A solo practice involves a single physician running their own practice independently without sharing the responsibilities or resources with other doctors. A group practice typically refers to a larger organization involving multiple healthcare providers, which could offer a wide array of services and specialties, often surpassing the shared operations seen in this scenario. A franchise practice involves a business model where an established brand allows individuals to purchase the rights to open a practice under its name, but it does not reflect the close partnership dynamics illustrated in the question. Thus, the collaboration between Dr. Jones and Dr. Brown aligns perfectly with the features of a partnership.