Physician staffing firm American Physician Partners (APP) will shutter at the end of the month, the second such staffing group to fall in recent months, according to reports.
APP will begin transitioning its contracts as of July 31, according to Bloombergopens in a new tab or window. It follows Envision Healthcare, which filed for bankruptcy in Mayopens in a new tab or window, citing the No Surprises Act (NSA) as a contributor to its financial problems.
According to Bloomberg, APP had ongoing financial challenges, and its recent failure to strike a deal with physician staffing firm SCP Health contributed to the shutdown. In 2021, a $520 million refinancing deal fell through amid investor concerns about reimbursement issues also due largely to the NSA, MedPage Today reports. Read more.
