32: Are independent physicians going extinct? Not so fast.
The realities of the pandemic mean that some physician groups will need to explore new partnership opportunities in order to weather the storm. However, it’s increasingly looking like there won’t be a major shakeup in physician ownership. Instead of looking to sell, independent practices are looking to maintain autonomy while exploring new opportunities for partnership. In this episode, Rachel (Rae) Woods sits down with physician practice experts, Sarah Hostetter and Julie Riley, to give an update on physician practice financials, discuss the state of physician aggregation, and offer our perspective on the impact of Covid-19 on physician consolidation.
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Show Notes
In the initial surge of Covid-19, many were expecting a buyer’s market for physician groups. Now that most independent groups have managed through the initial surge, these practices are looking for new partnership opportunities beyond acquisition. The desire for partnership is true on both sides–physician aggregators like private equity firms, health plans, health systems and other medical groups all have their eyes set on independent physicians and are re-evaluating what they can offer. Host Rachel (Rae) Woods sits down with physician practice experts Sarah Hostetter and Julie Riley to talk about the current state of physician consolidation, the types of health care players forming partnerships, and how partnerships can build up and support independent practice.
Links:
- Primary Care Practice Finances In The United States Amid The COVID-19 Pandemic | Health Affairs
- Three ways to ensure all physicians hear your message
- Ep. 15: Financial impact series: Physician groups
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