Becker's Healthcare September 19, 2024
Consolidation has been on the rise across healthcare, and cardiology is no different.
More than 70% of cardiologists are currently employed by hospitals or large healthcare systems. According to the American College of Cardiology, this shift began about 15 years ago, when a series of Medicare reimbursement cuts to select imaging procedures in 2008 led to a “paradigm shift” to health system and hospital integration. At this point, more than half of cardiologists shifted from private to consolidated settings within five years, hitting nearly 90% by 2022.
More recently, some cardiac procedures have been approved for the outpatient setting, ushering in interest from private equity groups looking to capitalize on the migration of cardiac procedures...
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