Independent practices ‘continue to disappear’: Why this leader is worried about consolidation in 2024

Many healthcare leaders are worried about industry consolidation as physicians continue to opt for employed models over private practice. 

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Bill Stangl, executive director of Gilette, Wis.-based Medical Management Inc., joined Becker’s to discuss the healthcare trend he’s the most concerned about headed into 2024. 

Editor’s note: This response was edited lightly for clarity and length. 

Bill Stangle: While I am most hopeful that AI can breathe life into struggling organizations by improving productivity and quality of care, my real concern lies in decreasing reimbursements which continues to force further mergers/acquisitions and spur independent physicians to join larger groups or hospitals and health systems. 

Small, independent community hospitals and independent physician practices continue to disappear creating more stress on a healthcare system that is having difficulty evolving and adopting new ways of conducting business.

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