I recently had the opportunity to attend the Medical Group Management Association (MGMA) annual conference in New Orleans (MGMA19AC). I love this event as it gives me a rare opportunity to learn what’s on the minds of physician practices around the country. It was clear this year that the wave of consolidation of physician practices is continuing…and it made me wonder whether this is good thing or a bad thing or a neutral thing?
Earlier this year the American Medical Association released the results of the 2018 Physician Practice Benchmark Survey. It showed that employed physicians outnumbered those that owned their own practices for the first time. According to the survey, 47.4% of practicing physicians were employed vs 45.9% who owned their practices. Also, just under 15% of physicians were in solo practices, down from 18.4% in 2012.
The growing complexity of healthcare is one of the reasons why…
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