Corporate-owned practices have grown by 25% as independent private practices are bought out or abandoned in favor of hospital or corporately owned practices

Statistic Info

This trend is concerning for many reasons, not least of which because it creates a dangerous monopoly on medical care. When there is only one provider in an area, prices for healthcare can skyrocket with little to no options for patients to choose from. Furthermore, these corporate-owned practices often prioritize making a profit over providing quality care and ensuring patient satisfaction.

Author: Medical Economics