Study: Practice acquisitions, physician employment still on rise
The Physicians Advocacy Institute (PAI) has released a report that “[updates a study by] Avalere Health that examined the continued growth in hospital acquisitions of physician practices and the trend toward physician employment.”
PAI says that, “[Avalere] found that by mid-2016 hospitals acquired an additional 5,000 medical practices and physician employment grew 11 percent from a year prior. By 2016, 42 percent of physicians were employed, as compared to just one in four in 2012. In a regional analysis, researchers found growth in hospital acquisitions of medical practices in every region of the country, ranging from 83 percent to 205 percent over the four-year period.”
PAI also notes that it is “studying these trends as part of an ongoing research collaboration with Avalere Health in order to better understand how physician employment and consolidation in the health care system affects the practice of medicine and impacts spending by payers and patients.”
PAI’s mission is to “advance fair and transparent payment policies and contractual practices by payers and others in order to sustain the profession of medicine for the benefit of patients.”
Medical Association of Georgia Executive Director Donald J Palmisano Jr. is a member of PAI’s Board of Directors.
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