The construction of physician-owned hospitals, which has been halted or jeopardized due to Section 6001 of healthcare reform, could have provided $200 million in tax revenue and 30,000 jobs to local communities, according to a news release from Physician Hospitals of America.
The legislation has impeded progress for 37 new physician-owned hospitals, more than 40 nearly-complete hospital construction projects and approximately 20 major expansion projects, according to the release. The ban on physician-owned hospitals officially went into effect Dec. 31.
In addition, physician-owned hospitals collectively spend $4.2 billion per year — a significant source of business for local economies, according to the release.
Read the Physician Hospitals of America release on the economic impact of the ban on physician-owned hospitals.
Read more about physician-owned hospitals:
- Texas Physician-Owned Hospital Gets Medicare Okay Three Days Before Ban Begins
- Physician-Owned Hospital in Dallas Opens, Still Lacks Medicare Certification
- Kansas' Wesley Medical Center Buys Physician-Owned Heart Hospital
The legislation has impeded progress for 37 new physician-owned hospitals, more than 40 nearly-complete hospital construction projects and approximately 20 major expansion projects, according to the release. The ban on physician-owned hospitals officially went into effect Dec. 31.
In addition, physician-owned hospitals collectively spend $4.2 billion per year — a significant source of business for local economies, according to the release.
Read the Physician Hospitals of America release on the economic impact of the ban on physician-owned hospitals.
Read more about physician-owned hospitals:
- Texas Physician-Owned Hospital Gets Medicare Okay Three Days Before Ban Begins
- Physician-Owned Hospital in Dallas Opens, Still Lacks Medicare Certification
- Kansas' Wesley Medical Center Buys Physician-Owned Heart Hospital