In that same period, 19,100 physicians became employees of hospitals or other corporate entities, up 5.1% since 2022.
The number of hospital and corporate-owned entities is also up 6% since 2022.
Hospitals acquired 2,800 private practices and 16,300 physicians over the two-year period, increasing the number of hospital-owned practices by 7.3%.
Meanwhile, corporate entities acquired 5,300 private practices, but only 2,800 additional physicians, increasing the number of corporation-owned practices by 11%.
Since 2019, an additional 127,700 physicians are employed by hospitals or corporate entities.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
