Private vs. Public Companies: Why You Should Care that Onyx M.D. is Private

In the world of physician staffing, private and public companies both have their advantages and disadvantages.  Private companies are known to be more adaptable and can react more quickly to opportunities and threats in the marketplace.  Private companies are also not as tied down by exorbitant administration costs, overhead costs, and compliance costs, as compared to public companies. 

Public companies, on the other hand, typically have more capabilities to raise capital than do private companies.  The access to capital, however, binds the company to certain stakeholders: investors, board members, and government entities.  They are constrained and obliged to the demands of these stakeholders.  There are many external pressures from Wall Street and the investment community, including extreme focus on short term gains, often at the expense of long term company goals.  

“In the constantly changing business environment, we want to be free to do what is in the best long term interest of the company, rather than being dictated by short term pressures,” says Chief Financial Officer, Jim Chandler.  “More importantly, we want to maintain our autonomy and focus on what’s really important to Onyx M.D., things like superior customer service and personal touch.  We treat our clients, providers, and employees as people, not as a commodity.” 

Onyx M.D. has instilled an “E.L.I.T.E” model, which stands for Enthusiasm, Loyalty, Integrity, Trust, and Ethics.  The word ELITE is very important to Onyx M.D., as the company prides itself with a level of performance and customer services that not only goes above and beyond, but is truly World Class. 

Onyx M.D. is a physician owned, operated, and trained company.  This leadership provides a deep understanding to the practice of physicians and the position of health care facilities.  Being a private company allows for Onyx M.D. to conduct their business in the highest regard and give their full commitment to clients, providers, employees, and all stakeholders involved.