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More Than Half of Physician Practices Want to Remain Independent

Nearly 60 percent of physician practices want to stay independent and are not looking to sell, according to the "Practice Profitability Index," sponsored by CareCloud, in partnership with QuantiaMD.  

For this report, 5,012 physicians were surveyed during April 2013. Of those physicians, nearly 2,100 own their own practices.

According to the report:

•    Twenty-one percent of respondents who own their own practice are considering selling.
•    Eleven percent of respondents who own their own practice are actively looking to sell.
•    Ten percent of respondents who own their own practice have already sold it.

Also, the report found physicians in Texas were the most likely to reject selling, with nearly 71 percent of respondents saying that they would not sell their practice.

More Articles on Physician Practices:

4 Reasons Physician Practices Won't Be Giving Out Raises This Year
Physician Practice Acquisitions: How We Got Here and Key Trends
6 Statistics on Concierge and Direct Pay Physician Practices

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