Northwest announced plans to acquire Affinity earlier this year. A hospital representative said in the report it plans to acquire other groups in the next few years.
Northwest’s CEO Bruce Crowther said increased employment of physicians is a result of increasing demands and decreased reimbursement for physician practices. He added the days of one- or two- physicians practices “are numbered, especially over the next five years.”
Read the Daily Herald report on Affinity Healthcare.
Read more coverage on hospitals acquiring physician practices:
– North Carolina Family Practice Clinic Joins High Point Regional Hospital
– Independent Medical Practice: Does Healthcare Reform Mark the Beginning of the End?
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
