Corporate groups pass hospitals in ownership of physician practices

Chief Healthcare Executive April 13, 2024
Ron Southwick

The shift is one of the key findings in a new report by the Physicians Advocacy Institute. Fewer doctors are working in private practices.

For physicians, the move from independent practices continues.

More than 3 out of 4 doctors (77.6%) are employed by hospitals or corporate entities, according to a new report issued this week by the Physicians Advocacy Institute and Avalere.

While that trend has been continuing for some time, the report documented a new development worthy of attention.

For the first time, corporations or corporate entities now own more physician practices than hospitals and health systems, according to the report. Corporate entities own 30.1% of physician practices, while hospitals own 28.4% of practices.

Under the report’s definition, corporate...

Today's Sponsors

Today's Sponsor