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Independent doctors’ offices are disappearing as more physicians work for hospitals and companies

Doctors are increasingly employed by hospital systems and other corporate entities as the day of the independent physician appears to be passing.

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By Robert I. Field, For The Philadelphia Inquirer

Published Aug 7, 2021 – The days of the stalwart solo physician, hanging out a shingle and seeing patients as he or she sees fit, are rapidly drawing to a close. Consulting firm Avalere Health reports that almost 70% of physicians in the United States now work as employees of a hospital, health system, or private corporation. That’s a 12% increase over just two years ago, and is likely to accelerate after the COVID-19 pandemic.

The report is “a stunning document” that shows just how much the profession of medicine is changing, said Richard Baron, president of the American Board of Internal Medicine, the Philadelphia-based group that certifies the expertise of internists.

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SOURCE: https://www.inquirer.com/business/doctors-practice-health-corporate-20210807.html

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