Medical Economics August 1, 2024
What it means for the future of your practice
The days of independent primary care practices, once a bedrock in the communities they served, are rapidly fading. Like many aspects of the health care industry in the United States, consolidation is making fundamental changes to what primary care looks like now and how it will function in the future. Larger corporate entities are buying up more and more independent practices, be they hospitals, health systems, insurers, private equity groups or even larger medical practices.
According to a 2022 report by the American Medical Association, the percentage of physicians in private practice dropped to below 50% for the first time, in contrast to the 61% reported a decade earlier. A 2024...
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