Three in Five US Physician Practices Now Owned by Nonphysicians: Report

Physician practice ownership by corporations, including health insurers, private equity firms, and large pharmacy chains, reached 30.1% as of January for the first time surpassing ownership by hospitals and health systems , according to aIn early 2020, corporations owned just about 17% of US medical practices, while hospitals and health systems owned about 25%, according to the report released Thursday by nonprofit Physician Advocacy Institute .

"Corporate entities are assuming control of physician practices and changing the face of medicine in the United States with little to no scrutiny from regulators," Kenney said. By 2022-2023, there was a 7.3% increase in the percentage of practices owned by hospitals and 5.9% increase in the percentage of physicians employed by these organizations, PAI said. In the same timeframe, there was an 11% increase in the percentage of practices owned by corporations and a 3.0% increase in the percentage of physicians employed by these entities.

"Given recent trends, we are concerned that some transactions may generate profits for those firms at the expense of patients' health, workers' safety, quality of care, and affordable healthcare for patients and taxpayers," said the Federal Trade Commission and the Justice and Health and Human Services departments. announced in March.

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