Becker's Healthcare June 8, 2023
As costs rise and the industry increasingly consolidates, physician practices are increasingly looking to hospitals, health systems and commercial groups for financial security, according to a report published June 7 by the American Hospital Association.
Here are five major reasons physicians are looking to hospitals amid consolidation:
1. Managing a practice is increasingly difficult
Ninety-four percent of physicians said it has become more financially and administratively difficult to operate a practice, according to a recent survey conducted on behalf of the AHA. Additionally, final-year medical students said hospital employment was the practice setting they were most open to pursuing.
As the healthcare industry consolidates, accessing economies of scale for physician practices is becoming increasingly difficult.
2. The administrative...