Number of Hospital-Employed Physicians Up 50% Since 2012
One-in-four medical practices is now owned by a hospital or health system, and hospitals employed 38% of all U.S. physicians in 2015.
Hospitals have gone on a physician feeding frenzy, with the number of practices owned by hospitals and health systems rising 86% from 2012-15, a study from the Physicians Advocacy Institute shows.
The acquisitions are occurring in all regions of the country over the three-year span, according to the report, which also found that 38% of U.S. physicians were employed by hospitals and health systems in mid-2015.
That's a 50% increase between 2012 and 2015, growing from 95,000 employed physicians in 2012 to more than 140,000 employed physicians in 2015.