Reid Hospital in Richmond, Ind., is buying up more practices as an older generation of “entrepreneurial” physicians dies out, according to a report in the Palladium-Item.
Reid Physician Associates, representing medical practitioners employed by Reid, absorbed one Richmond practice in 2007, but that number grew six-fold in 2008, when Reid opened a 233-bed replacement hospital.
The hospital’s vice president of medical affairs said younger doctors apparently aren’t interested in long work hours, overseeing staffs and dealing with health insurers.
Read the Palladium-Item’s report on physician recruitment.
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