PAI and Avalere updated this study, adding an additional year of data through mid-2016. During this year, physician employment grew an additional 11%. During the period, hospitals acquired an additional 5,000 physicians practices. The study underscores the continued trend towards physician employment, part of the larger movement towards consolidation in the health care system.
Download the study here and the press release here.
PAI and Avalere Health studied the trend of hospital and health systems' acquisitions of physician practices and physician employment between 2012 and 2015. The results show a significant increase in hospital-owned medical practices and physician employment during this three-year period. The number of physician practices owned by hospitals/healths systems rose 86% between 2012-2015, with 32,000 additional physician practices acquired. Hospital and health system employment of physicians also increased by over 50% during these three years.
The research also found that these trends were consistent in every region of the nation.
Download the study and press release here.