a hospitalist has regular hours and no on-call. he/she also always deals with the sickest of patients.
To echo what cathylynn said, hospitalists have set hours, although they often have to work nights, and they get to be with patients when they really need a doctor to care for them. What you give up though, is that long term relationship that an outpatient doctor would have. From what I've heard, the job appeals to many parents of young children because you know exactly when you're working and it's possible to work part time.
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