AHIP August 20, 2021
Hospitals continue to buy up and take over control of doctors’ practices, either by buying up their practices or hiring them directly. And hospitals are bringing prices along for the ride.
By the end of 2020, nearly half of American doctors were employed by hospitals/health systems (49.3%), according to an analysis from the Physicians Advocacy Institute. That’s not surprising, given 18,600 doctors left independent practice and became employees of hospitals in 2019 and 2020.
Meanwhile, hospitals acquired 3,200 physician practices during that 2-year period, for an 8% increase in hospital-owned practices.
When hospitals acquire doctors’ practices, prices go up.
Evidence shows that this type of consolidation—when more and more of a region’s doctors work for...
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