Becker's Healthcare September 25, 2025
Independent physician practices are rapidly disappearing as hospitals, insurers, corporate entities and private equity firms expand their reach, according to a new Government Accountability Office report.
Here are 10 key statistics from the report:
1. At least 47% of physicians were employed by or affiliated with hospital systems in 2024, up from around 30% in 2012.
2. Only 42% of physicians worked in private practice in 2024, down from 60% in 2012.
3. Corporate entities (including health insurers and private equity-backed companies) employed 23% of physicians in 2024, up from 15% in 2019.
4. About 6.5% of physicians worked in PE-owned practices in 2024 (4.5% in 2022). In some specialties (including gastroenterology, dermatology and ophthalmology), PE involvement exceeds 30%.
5....
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