Becker's Healthcare November 19, 2025
The consolidation of independent physician practices by hospitals, insurers, corporate entities and private equity firms shows no signs of slowing down.
In 2024, at least 47% of physicians were employed by or affiliated with hospital systems, up from 30% in 2012, according to a recent Government Accountability Office report. During the same period of time, the number of physicians working in private practice dropped from 60% to 42%.
However, there are signs that in some markets, the pendulum may be swinging back towards independence. Becker’s has reported on numerous companies and initiatives aiming to put practice ownership back in the hands of physicians through hybrid financial structures, joint ventures and coalitions that support independence, autonomy and growth.
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