The share of physicians working in private practices, or those wholly-owned by physicians, fell by 13% between 2012 and 2022 — from 60.1% to 46.7%, according to a survey released this week from the American Medical Association. The percentage of physicians working in practices at least partially owned by a hospital or health system increased by almost 8% during that time frame, while the share of physicians working in hospitals increased by 4%. Four out of five physicians surveyed who sold their practice cited a need to negotiate higher payment rates with payers as a main driver for their decision, while others pointed to a need to manage administrative and regulatory requirements.
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Source: https://www.healthcaredive.com/news/share-of-physicians-working-in-private-practice-dip/687021