When Private Practices Merge with Hospital Systems, Costs Go Up
Historically, physicians worked independently of—if in partnership with—hospitals. But increasingly, doctors are selling their practices to hospital systems, as well as private equity firms and insurance companies. What does it mean for patients and what they pay for healthcare when their doctors are employed by a hospital system?The effects of hospital systems acquiring physician practices are hard to determine, because until now, there has been no comprehensive source of data about these merg...
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