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The eMatchPhysicians Blog 
Hospitals Acquiring Physician Practices
Posted on: Friday, March 19, 2010
There is a trend among physicians and hosptials that has become more and more prevalent since the 1990′s. Physician groups are selling their practices to hospital systems more now than ever before. According to the MGMA’s annual Physician Compensation and Production Survey, hospital-owned group practices grew from 25.6% in 2005 to 49.5% in 2008. In 2008, the number of hospital-owned practices exceeded physician-owned group practices for the first time ever. This integration brings financial and management benefits to the physicians looking to join a larger system. Hospitals and large health systems also benefit in an increase in capital along with the ability to offer more services to their communities. Neither physicians nor hospitals can achieve optimization of patient care, capital, and consistency without one another.
A cardiology group in Texas, Austin Heart, found that too much of their time had been dedicated to running their practices. At the end of 2009, they sold to St. David’s HealthCare. The transition has been so smooth that just a couple of months into this merger, the group’s physicians not involved in administration, have felt no difference. Also in 2009, HCA acquired a 13-physician cardiology practice in Kansas City and added a physician-run burn center to its hospital in Southern California. Last year, CHS acquired two large practices in Alabama and Washington state. HMA said that it has acquired some surgery and imaging centers and completed physician syndications at 16 of its 55 hospitals. Hospitals have been especially interested in buying physician-owned ambulatory centers. Surgery centers are also targeted in these integration efforts because this allows hospitals to free up space for other procedures.
A lot of physician-owned practices are swamped with responsibilities that take away from time spent seeing patients. This includes billing, administration, leasing office space, human resources, etc. Reimbursement pressures are also forcing physicians to consider merging with these health systems. By aligning with a larger system or facility, the physicians running the practice will no longer have to worry about managing their practice and can focus more of their time on patient care.
Source: “New Practice Routine Emerges,” Modern Healthcare:
Tags: healthcare reform, Hospital System, Physician Practice
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