108,700: Number of formerly independent physicians who are now employed by hospitals, private equity firms, insurers or other corporate entities, according to a report from Avalere.
41 percent. The percentage of physicians who have witnessed other physicians behave inappropriately in the workplace in 2022 — an increase from 35 percent in 2021, according to Medscape’s report “Physicians Behaving Badly.”
35 percent. The percentage of medical groups who have increased the share of compensation tied to quality in the past year, according to the Medical Group Management Association’s report “Patient Access and Value-based Outcomes Amid the Great Attrition.”
$2 billion: The amount that Optum, ASC chain SCA Health’s parent company, paid for physician group Kelsey Seybold this year. The massive deal points to an increasingly consolidated industry and ASC chains’ efforts to add more physicians to their portfolios.
124,000: The potential shortage of physicians by 2034, according to data from the Association of American Medical Colleges.
59 percent. The percentage of physician-led hospitals that offer below-median costs per Medicare beneficiary, compared to 51 percent of all hospitals, according to a Sept. 22 study from consultant Ndp Analytics.
13 percent. The percentage of employees under 40 who are self-employed, compared to 31 percent of physicians 40 and older, according to Medscape’s “Young Physician Compensation Report 2022.” This number points to a trend toward physician employment.
37 percent. The number of physicians who reported having a side gig in 2022, according to Medscape’s “Physician Extra Income” report.
4.42 percent: The physician pay cut CMS has proposed in its Medicare physician fee schedule proposed rule for 2023. This points to further cuts to physician pay while inflation and the cost of running an independent practice continue to rise.
145 percent. The increase in physician group deals from 2020 to 2021, according to VMG Health’s “Annual Healthcare M&A Report 2022.“
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.