-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 GLv7SrgI9AFhnd9bgvy/4w==

<SEC-DOCUMENT>0001209191-08-048661.txt : 20080821
<SEC-HEADER>0001209191-08-048661.hdr.sgml : 20080821
<ACCEPTANCE-DATETIME>20080821215138
ACCESSION NUMBER:		0001209191-08-048661
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080819
FILED AS OF DATE:		20080821
DATE AS OF CHANGE:		20080821

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IPC The Hospitalist Company, Inc.
		CENTRAL INDEX KEY:			0001410471
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090]
		IRS NUMBER:				954562058
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4605 LANKERSHIM BLVD., SUITE 617
		CITY:			NORTH HOLLYWOOD
		STATE:			CA
		ZIP:			91602
		BUSINESS PHONE:		818-766-3502

	MAIL ADDRESS:	
		STREET 1:		4605 LANKERSHIM BLVD., SUITE 617
		CITY:			NORTH HOLLYWOOD
		STATE:			CA
		ZIP:			91602

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BANK OF AMERICA VENTURES
		CENTRAL INDEX KEY:			0001134392
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33930
		FILM NUMBER:		081033223

	BUSINESS ADDRESS:	
		STREET 1:		950 TOWER LANE, SUITE 700
		CITY:			FOSTER CITY
		STATE:			CA
		ZIP:			94404
		BUSINESS PHONE:		6503786000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BANK OF AMERICA CORP /DE/
		CENTRAL INDEX KEY:			0000070858
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33930
		FILM NUMBER:		081033224

	BUSINESS ADDRESS:	
		STREET 1:		BANK OF AMERICA CORPORATE CENTER
		STREET 2:		100 N TRYON ST
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28255
		BUSINESS PHONE:		7043868486

	MAIL ADDRESS:	
		STREET 1:		BANK OF AMERICA CORPORATE CENTER
		STREET 2:		100 N TRYON ST
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28255

	FORMER NAME:	
		FORMER CONFORMED NAME:	BANKAMERICA CORP/DE/
		DATE OF NAME CHANGE:	19981022

	FORMER NAME:	
		FORMER CONFORMED NAME:	NATIONSBANK CORP
		DATE OF NAME CHANGE:	19920703

	FORMER NAME:	
		FORMER CONFORMED NAME:	NCNB CORP
		DATE OF NAME CHANGE:	19920107
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bod59831_bod1boa.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-08-19</periodOfReport>

    <issuer>
        <issuerCik>0001410471</issuerCik>
        <issuerName>IPC The Hospitalist Company, Inc.</issuerName>
        <issuerTradingSymbol>IPCM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000070858</rptOwnerCik>
            <rptOwnerName>BANK OF AMERICA CORP /DE/</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>BANK OF AMERICA CORPORATE CENTER</rptOwnerStreet1>
            <rptOwnerStreet2>100 N. TRYON STREET</rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTE</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>28255</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001134392</rptOwnerCik>
            <rptOwnerName>BANK OF AMERICA VENTURES</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SCALE MANAGEMENT, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>950 TOWER LANE, SUITE 700</rptOwnerStreet2>
            <rptOwnerCity>FOSTER CITY</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94404</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-08-19</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>444</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>23.5888</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1318091</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The shares are held of record by Bank of America Ventures (&quot;BAV&quot;). Bank of America Corporation (&quot;BAC&quot;) is the parent of BAV.</footnote>
        <footnote id="F2">Under the terms of an investment management agreement between Scale Management, LLC (&quot;Scale&quot;), BAC, BAV and BAIC, Scale manages the investments of the securities of the issuer held of record by BAV and therefore may be deemed to have beneficial ownership of the securities of the shares held by BAV.  Scale disclaims beneficial ownership of all securities of the issuer  held of record by BAV.  BAV shares dispositive power over such securities of the issuer with Scale.  BAC, as the parent of BAV, may also be deemed to share dispositive power over the securities of the issuer held of record by BAV as a result of certain approval rights with respect to such securities.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jeff Atkins, authorized person</signatureName>
        <signatureDate>2008-08-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Jeff Atkins, authorized person</signatureName>
        <signatureDate>2008-08-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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