Physician-owned hospitals could save $1B annually: Study

Physician-owned hospitals saved $1.1 billion in 2019 when compared to the cost of care at traditional facilities over the same period, according to research commissioned by the Physician’s Advocacy Institute and the Physicians Foundation.

Advertisement

The report, which was conducted by researchers at the University of Connecticut and Loyola University Chicago, found that the difference in payments between physician-owned hospitals and traditional hospitals was between 8.6% and 15.2%.

The report pulled data from 186 physician-owned hospitals to compare with traditional hospitals in the same hospital referral region, controlling for patient demographics and comorbidity levels.

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Beyond the bottleneck: How health systems are improving access, flow and care continuity

Thursday, July 30
1:00 PM - 2:00 PM CDT

Presenters: Imamu Tomlinson, MD, MBA, VituityWilliam Morice II, MD, PhD, Mayo Clinic LaboratoriesJordan Dale, MD, Houston MethodistAsh Tengshe, City of HopeChris Klay, MHA, MA, PT, FACHE, Hospital Sisters Health System

Advertisement

Next Up in Independent Practice

Advertisement

Comments are closed.