AMA Report: 60% of Physicians in Physician-Owned Groups, 45% in Single Specialty Practice
survey, the percentage of physicians who were practice owners decreased only 8 percentage points from 2007/2008 to 2012.
The report shows hospital employment has increased, but 60 percent of physicians continue to work in practices wholly-owned by physicians.
"To paraphrase Mark Twain, the reports of the death of private practice medicine have been greatly exaggerated," says AMA President Ardis Dee Hoven, MD, in an organization news release. "Needed innovation in payment and delivery reform must recognize the wide range of practice types and sizes that exist today so all physicians can participate in the move to a more patient-centered system that rewards high-quality care and reduces costs."
The report went on to demonstrate that last year 29 percent of physicians reported working directly for a hospital or a practice partially owned by the hospital. Five years earlier, the report found 16.3 percent of physicians worked in one of those settings.
Additionally, the survey reported 18 percent of physicians were in solo practice last year, which was down 6 percentage points over the past five years. Single specialty practices were the most common practice type in 2012, accounting for 45.5 percent of physicians.
More Articles on Physicians:
8 Leadership Tactics for Effective Spine Center Leaders
13 Strategies for Spine Surgeons to Improve Clinic Efficiency
The Cost of BMP-Related Complications: One Spine Surgeon Adds It Up
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New from Becker's ASC Review
10 Winning Clinical Information SystemsRead Now
- Mary Beth Briscoe, Michael Dewerff, and Ben Dunford to Speak at Becker's Hospital Meeting
- Colonoscopies in Ambulatory Surgery Centers: Saving Lives Through Increased Screening and Advances in Technology
- "Running an Effective In-House Business Office"
- Pain Management Implications in the ASC Setting
- 5 Exciting Presentations at Becker's Spine, Orthopedic & Pain Management-Driven ASC Conference