Local Economies Take Hit as Construction of Physician-Owned Hospitals Comes to Halt

The construction of physician-owned hospitals, which has been halted or jeopardized due to Section 6001 of healthcare reform, could have provided $200 million in tax revenue and 30,000 jobs to local communities, according to a news release from Physician Hospitals of America.

The legislation has impeded progress for 37 new physician-owned hospitals, more than 40 nearly-complete hospital construction projects and approximately 20 major expansion projects, according to the release. The ban on physician-owned hospitals officially went into effect Dec. 31.

In addition, physician-owned hospitals collectively spend $4.2 billion per year — a significant source of business for local economies, according to the release.

Read the Physician Hospitals of America release on the economic impact of the ban on physician-owned hospitals.

Read more about physician-owned hospitals:

- Texas Physician-Owned Hospital Gets Medicare Okay Three Days Before Ban Begins

- Physician-Owned Hospital in Dallas Opens, Still Lacks Medicare Certification

- Kansas' Wesley Medical Center Buys Physician-Owned Heart Hospital

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars