Nearly 80% of physicians now employed by hospitals, corporations: 5 things to know

Becker's Healthcare April 11, 2024
Alan Condon

More than 77% of U.S. physicians are employed by hospitals, health systems or corporate entities, according to an Avalere study sponsored by Physicians Advocacy Institute.

The analysis shows that health systems and other corporate entities continue to drive consolidation in healthcare by aggressively acquiring physician practices — particularly in the period following the beginning of the COVID-19 pandemic.

Five things to know:

1. From 2022 to 2023, the percentage of employed physicians grew by 5.1%, with recent growth in physician employment primarily attributed to hospitals over other types of corporate owners.

2. Over the two-year period, 19,100 physicians became employees of hospitals or corporate entities, suggesting a slowing of the significant jump in employment in the post-COVID-19 period, according...

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