A new physician-led national advocacy organization seeks to empower independent medical practices during major consolidation among hospitals and payers. The American Independent Medical Practice Association (AIMPA) aims to level the playing field regarding reimbursement for independent practitioners and that of hospitals. AIMPA was launched in October of 2023 with approximately 4000 doctors and has since doubled its […]
Private practice is becoming a more difficult option for physicians in today’s economy. As of 2022, just 26% of physicians practice privately, according to a report from Avalere. The number of physicians in private practice has been steadily shrinking, a fact that has many physicians nervous. Read the article on Becker’s Healthcare
More than 100,000 doctors have left private practice and become employees of hospitals and other corporate entities since 2019. Today, nearly three in four physicians are employees of larger health care entities or other corporations — a record high. Read the full article at STAT News
For independent doctors, 2024 began with a Medicare reimbursement pay cut of 3.4%, as legislation in both the House and Senate seeks to alleviate but not eradicate the reduction. Over the past 20 years, Medicare physician pay has plummeted by 26% when adjusted for inflation, while hospital reimbursement has surged by 70%, prompting over 100,000 doctors to abandon independent
Paul Berggreen, MD, is the inaugural president and board chair of the new American Independent Medical Practice Association. He introduces the organization focusing on benefits of independent medical practice.
Private equity-backed management services organizations (MSOs) are helping independent physician practices to remain independent.
Private equity gets a bad rap in health care. But some doctors see that kind of cash and consolidation as the only way for their practices to survive — and now, they’re taking that message to Washington. Lower pay, difficult negotiations with insurance companies, regulatory requirements from both government and commercial payers, expensive and inefficient IT
For about a decade leading up to 2013, Dr. James Min was one of three physician-owners of a private practice in Prince William County, Bristow Run Family Medicine, working as a doctor by day and a finance manager by night.
When Congress went on its winter break before Christmas, it left much of its healthcare business—along with most of it other responsibilities for 2023—unfinished, and now faces an intense scramble to get it all done in just weeks.
An organization representing thousands of independent physicians is joining the chorus of doctors’ groups asking Congress to reject reimbursement cuts in the 2024 Medicare Physician Fee Schedule (PFS).