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Financial Pressures Reshape Medical Practices

By HealthLeaders Media News  
   September 20, 2016

Three of four physicians expect to purchase, buy into, merge or sell their practice within the next four years, a survey of small practices shows.

Financial uncertainty in the healthcare sector is changing the way independent physicians and other medical professionals run their practices, according to a survey commissioned by TD Bank.

The survey of more than 340 small practices found that 50% of doctors either have or would consider purchasing, buying into, merging or selling their practice, and 73% expected to do so within the next four years.

Nearly half of the respondents (46%) said they're being pushed to make the change because it's becoming too expensive to run a practice.

"We are seeing a growing trend of more healthcare providers buying into practices with a partnership or purchasing an existing practice because they are seeking added financial security and well-established businesses," said Dan Croft, head of Healthcare Practice Solutions at TD Bank, in a media release.

"The survey findings reflect a shift in the industry because of the rising cost of doing business—from technology to insurance."

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