DENVER, July 13, 2018 /PRNewswire/ -- Clinic Service, a leading Denver-based medical biller, today announced it is surveying medical practices to learn about their experiences with, and attitudes toward, the purchase of medical practices by hospital systems and private equity funds.
"Hospital systems and private equity funds are buying specialty medical practices at an increasing rate," said Michael Kuehn, Vice President of Operations at Clinic Service. "We want to learn how this trend is impacting medical practices and medicine in general."
About 42 percent of physicians worked for hospital systems by mid-2016, up from about 26 percent four years earlier, according to a study by Avalere Health. The same study found hospitals purchased 5,000 physician practices and newly employed 14,000 physicians between July 2015 and July 2016 alone, an 11 percent increase in just one year.
"We know from our conversations with our physician practice clients that these medical practice acquisitions can be quite disruptive to the delivery of care, and to the practices' bottom lines," Kuehn said. "We're interested in getting a more formal read on exactly how this wave of acquisitions is impacting the market, and especially the physicians whose practices are being purchased."
Participants in the Clinic Service Medical Practice Acquisitions Survey will be entered in a drawing to win a $100 Amazon gift card. To submit your own survey entry, and to be entered in the gift card drawing, go to http://bit.ly/clinicsvc. Survey respondents must be either a physician or nurse working in a medical practice, or a medical practice manager.
About Clinic Service CorporationFounded in 1974 as a medical billing company, Clinic Service has never strayed from its mission: to maximize profit for physicians and medical practices. We focus on optimizing medical billing and coding processes to decrease the amount of time and effort required to maximize revenue. For more information, go to www.clinicservice.com.
Erich KirshnerEvolution [email protected]
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"Hospital systems and private equity funds are buying specialty medical practices at an increasing rate," said Michael Kuehn, Vice President of Operations at Clinic Service. "We want to learn how this trend is impacting medical practices and medicine in general."
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About 42 percent of physicians worked for hospital systems by mid-2016, up from about 26 percent four years earlier, according to a study by Avalere Health. The same study found hospitals purchased 5,000 physician practices and newly employed 14,000 physicians between July 2015 and July 2016 alone, an 11 percent increase in just one year.
"We know from our conversations with our physician practice clients that these medical practice acquisitions can be quite disruptive to the delivery of care, and to the practices' bottom lines," Kuehn said. "We're interested in getting a more formal read on exactly how this wave of acquisitions is impacting the market, and especially the physicians whose practices are being purchased."
Participants in the Clinic Service Medical Practice Acquisitions Survey will be entered in a drawing to win a $100 Amazon gift card. To submit your own survey entry, and to be entered in the gift card drawing, go to http://bit.ly/clinicsvc. Survey respondents must be either a physician or nurse working in a medical practice, or a medical practice manager.
About Clinic Service CorporationFounded in 1974 as a medical billing company, Clinic Service has never strayed from its mission: to maximize profit for physicians and medical practices. We focus on optimizing medical billing and coding processes to decrease the amount of time and effort required to maximize revenue. For more information, go to www.clinicservice.com.
Erich KirshnerEvolution [email protected]
View original content:http://www.prnewswire.com/news-releases/survey-focuses-on-hospital-system-and-private-equity-investments-in-physician-practices-300680740.html
SOURCE Clinic Service Corporation
