Vehicles for Consolidation and Expansion of Physician Practices: Private Equity, Medical Services Organizations, and Strategic Partnerships

Authors

Noah M. Raizman, Bloomberg School of Public Health, Johns Hopkins University, Baltimore, MD, USA; George Washington University, Washington, DC, USA; The Centers for Advanced Orthopaedics, Washington, DC, USA. Electronic address: nraizman@cfaortho.com.

Document Type

Journal Article

Publication Date

11-1-2024

Journal

Hand clinics

Volume

40

Issue

4

DOI

10.1016/j.hcl.2024.05.005

Keywords

Business services organizations; Consolidation; Hand surgery; Medical services organizations; Orthopedics; Practice growth; Private equity; Value-based health care

Abstract

As reimbursements decline and the health care sector experiences consolidation, running a small practice is increasingly difficult. The past 15 years has seen a significant rise in practice consolidation, private equity investment, and regional health system affiliation. In a rapidly changing health care landscape, positioning one's practice for the future is challenging. The trade-off between financial stability and loss of control over the business and physician autonomy is often front and center in choosing our strategic partnerships. The long-term effects of these changes in practice dynamics on the quality and cost of care remain unknown but are concerning.

APA Citation

Raizman, Noah M., "Vehicles for Consolidation and Expansion of Physician Practices: Private Equity, Medical Services Organizations, and Strategic Partnerships" (2024). GW Authored Works. Paper 6064.
https://hsrc.himmelfarb.gwu.edu/gwhpubs/6064

Department

Physician Assistant Studies