About 108,700 physicians have left private practice since January 2019, according to a report by consulting firm Avalere cited by JDSupra.
Factors drawing physicians to employed models, according to the report:
- High costs of maintaining a private practice
- Declining reimbursement
- Administrative and organizational burdens
- Business challenges for physicians who are trained to focus on delivering patient care
- Financial pressures
- Changes to technology, including electronic health records systems
- Mental health, burnout and stress
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.