‘If Walmart Can’t Do It … How Can the Average Physician Survive?’: Independent Practices Becoming Less Feasible

From CFOs to ASCs, the pressure to meet margins as costs soar and reimbursements decline affects all of healthcare. Independent physician practices are getting hit the hardest – only 44% of physicians owned their practice as of 2022, according to an American Medical Association report, compared with 76% in the early 1980s. Physicians aren’t the only ones struggling to meet margins in healthcare. “When companies like Walmart and CVS, known for delivering products at a cost-effective price, look at healthcare, jump in and then jump out saying it’s unsustainable, it raises concerns,” Nari Heshmati, MD, chief physician executive of Fort Myers, Fla.-based Lee Health’s Physician Group, told Becker’s.

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Source: https://www.beckersasc.com/leadership/if-walmart-cant-do-it-how-can-the-average-physician-survive-independent-practices-becoming-less-feasible.html

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