Private equity firms, physician groups and payers have acquired the majority of physician practices over the last five years, according to a report published June 26 by the American Hospital Association.
Since 2019, private equity firms have been responsible for 56 percent of physician practice acquisitions, followed by physician groups (14 percent) and insurers (11 percent), according to the report. Hospitals and health systems were the buyers in 4 percent of physician practice deals, per Becker’s.
Physician polling data also shows that more physicians are choosing to become employed rather than operate their own practice due to the increased costs and burdensome policies like commercial payer prior authorizations. Read more.
