MDNews - San Antonio

December 2016

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Let us help you spend less time manag ing your medical practice so you can spend more time with your family. Consulting • Coding • Billing 16170 Jones Mal tsbe rge r Rd. S ui te 10 6 , S an A ntonio, Texas 78247 concordispm.com • (210) 704-1014 PHYSICIANS ARE STILL GR AVITATING TOWARD HOSPITAL EMPLOYMENT. Hospital Employment Trend Continuing BY STEVE BARRETT REPORT FINDS FROM JULY 2012 to July 2015, the number of U.S. physi- cians employed by hospitals rose to 141,000, according to a report released in late 2016 by the Physicians Advocacy Institute and Avalere Health. That 46,000-physician increase, from 95,000 in 2012, underscores the trend of increasing hospital acquisitions of physician practices, according to the study. Growth in physician employment by hospitals occurred across all regions of the United States and during each of the six-month periods the study evaluated. Some other findings: + At the end of the three-year period, almost two in five physi- cians were hospital-employed, compared with about one in four who were hospital-employed at the beginning of the study. + Ownership of physician practices by hospitals or health systems grew 86 percent over the course of the study. + By the end of the study period, physician employment by hospitals was greatest in the Midwest, at 49 percent, followed by the Northeast (42 percent), the West (34 percent), the South (33 percent), and Alaska and Hawaii (27 percent). Reimbursement issues a nd overhead a re the concerns that physicia ns cite most of ten about independent prac- tice, according to a 2015 study by ma nagement consulting compa ny Accenture. ■ 1 4 1 4❱❱❱❱❱ P R A C T I C E M A N A G E M E N T

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