Spencer Harris and Brad Zarin, authors of the report, noted that a 2009 study by the Health Economics Consulting Group indicated Texas physician-owned hospitals contribute roughly $2.9 billion in economic activity to the state per year, including the provision of more than 22,000 full-time jobs. They also said reports by CMS indicate physician-owned hospitals carry high rankings in facility cleanliness, staff attentiveness and promptness of service.
The authors recommended that the third-party payment system should be reformed to remove the financial disconnect between patients, hospitals and physicians, and they also said expansion of physician-owned hospitals could spur more competition within the healthcare system.
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9 Things to Know About the State of the Physician-Owned Hospital Industry
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