Medical Economics August 21, 2024
Physicians and their practices must evolve to address the challenges posed by a rapidly changing health care environment.
The landscape of health care delivery has undergone a seismic shift in the past decade, with a pronounced trend toward physician employment and hospital acquisitions of private practices. This transformation has been driven by a complex interplay of factors, including increasing regulatory burdens, the escalating cost of technology, and the evolving reimbursement landscape. As a result, many physicians today are questioning the viability of private practice.
A decade ago, the medical profession looked markedly different. Physicians enjoyed greater autonomy, had more control over their practices, and saw increasing compensation as they gained experience and success in their careers. The allure of stability,...