Doctors are drowning in a sea of paperwork and patient visits—the result of increasing demands foisted on them by insurers and hospital administrators, reports Forbes.
With less time spent taking care of people and more spent tending to administrative tasks, physicians are experiencing greater stress (financial and psychological), along with “a dramatic increase in burnout and decrease in satisfaction,” according to research published in Mayo Clinic Proceedings.
These troubling trends for doctors have spelled “opportunity” for private equity firms, which entered the healthcare picture a little over a decade ago. From 2013 to 2016, private equity firms acquired 355 physician practices (many with hundreds of doctors). In the four years that followed, private equity acquired 578 additional physician practices. Those numbers continue to grow. Read more.
