Why physicians are selling to hospitals 

The percentage of physicians who work in private practice has decreased from 60.1 percent in 2012 to 46.7 percent in 2022, according to recently released analysis of 10 years of data on physician practice arrangements conducted by the American Medical Association. 

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Here are three major reasons physicians are selling their practices, according to the survey:

1. The most cited reason for sale was payment. Nearly 80 percent of surveyed physicians said the need to negotiate higher payment rates with payers was a key reason why their practice was sold or acquired. 

2. Managing payers’ regulatory and administrative requirements was the second-most cited reason. 

3. The third-most cited reason was improving access to costly resources.

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