Becker's Healthcare January 15, 2020
“It’s an incredible challenge to remain independent.”
That’s what Wendy Ann Pardee, PhD, CEO of the Children’s Institute of Pittsburgh, told the Pittsburgh Post-Gazette in late 2019, when her organization revealed plans to shutter two outpatient centers.
With a number of deals already underway in the first weeks of 2020, Dr. Pardee’s statement is still pertinent — especially for small practices and ASCs.
Here are five insights on why independence remains a challenge and what autonomy now looks like for physicians:
1. Hospitals and managed care plans have been acquiring physician practices over the past several years in an effort to boost referrals, according to the 2020 KPMG Healthcare and Life Sciences Investment Outlook survey. Meanwhile, independent physician management companies...