The number of self-employed and independent practice physicians has fallen from three out of every four in 2012 to just one out of four today, according to a new study.
The drastic change in just a dozen years is the result of hospitals and corporate entities purchasing physician practices. Hospital and corporate ownership are now greatest in the south and currently growing fastest in the northeast.
For the first time, moreover, corporate ownership has surpassed hospitals as the largest owners of physician practices.
Learn more about the changing nature of medical practice from the Fierce Healthcare article “Nearly 80% of docs employed by hospitals, corporate entities in continued shift away from independent practice.”