For the study, researchers examined data about physician practice acquisition and hospital and health system ownership from Jan. 1, 2019, to Jan. 1, 2021.
Five findings from the study:
1. Over the two-year study period, the number of hospital-owned practices grew by 3,200 practices, reflecting an 8 percent increase.
2. By January 2021, 69 percent of physicians were employed by hospitals or corporate entities like private equity firms and health insurers.
3. Over the two-year study period, 18,600 additional physicians were hospital-employed, with 11,400 of that shift occurring after the onset of COVID-19.
4. The rate of hospital or corporate-owned physician practices climbed 8.5 percent following the onset of COVID-19.
5. From Jan. 1, 2019, to Jan. 1, 2021, hospital ownership of physician practices grew between 6 percent and 11 percent across U.S. regions, and corporate ownership grew between 44 percent and 59 percent.
To read more about the study, click here.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
