Becker's Healthcare April 24, 2024
Here are three major issues plaguing private practice physicians today.
Consolidation
“Private practice physicians are becoming more and more rare in American healthcare,” Kenneth Candido, MD, CEO and president of Chicago Anesthesia Associates, told Becker’s. “This is by design and is not random. Large systems are siphoning off private practice physicians and are buying or consolidating practices exponentially. Those who hold out find a shrinking referral base, as those formerly loyal to them are being compelled to exclusively refer within the system. It is a dirty business and a dirty, underhanded game that administrators are playing to monopolize their business models.”
Decrease in physician ownership
Physician ownership is on the decline.
In 2022, only 44% of physicians...
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