Primary Care Physician Turnover Costs Payers Almost $1B Annually, Study Finds

Turnover among primary care physicians cost public and private payers $979 million annually, according to a new American Medical Association-backed study published in Mayo Clinic Proceedings, Healthcare Dive reports

About $260 million of those excess costs are attributable to burnout spurring physicians to leave the field, the study, which is based on pre-pandemic data, found. The costs are incurred when primary care physicians leave and patients lose continuity of care. For example, Medicare beneficiaries spend an additional $189 within the first year of losing a primary care provider due to greater use of specialty, urgent and emergency care services, according to the study. Read more.

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2023 Healthcare M&A Report: VMG Health

Payer-provider convergence and nontraditional buyers continued to make headlines with Amazon’s acquisition of One Medical, CVS’s acquisition of Signify Health, and Optum’s acquisition of LHC. Looking ahead to 2023, VMG Health expects dealmaking to heat up due to three persistent factors.