If the healthcare reform law did not prohibit the construction or expansion of physician-owned hospitals, as it does in Section 6001, more than half of physician-owned hospitals would immediately expand today, according to a new survey from Physician Hospitals of America.
The survey was intended to determine how a repeal of Section 6001 could affect the economy, job markets and quality of healthcare. There are approximately 265 physician-owned hospitals in the country today.
Of the approximately 25 percent of POHs in the country that responded to the survey, 35 percent of them would expand within the next five years if they could.
With numbers adjusted to reflect POHs across the country, this would result in $1.8 billion spent on construction projects and the creation of 6,300 full-time jobs in healthcare.
"The importance of saving POHs cannot be explained by numbers alone," PHA President Michael Russell, MD, said in the release. "But they play an important role in illustrating the enormous, positive effects that expansion of the POH industry could have on the economy and job market on a local level."
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The survey was intended to determine how a repeal of Section 6001 could affect the economy, job markets and quality of healthcare. There are approximately 265 physician-owned hospitals in the country today.
Of the approximately 25 percent of POHs in the country that responded to the survey, 35 percent of them would expand within the next five years if they could.
With numbers adjusted to reflect POHs across the country, this would result in $1.8 billion spent on construction projects and the creation of 6,300 full-time jobs in healthcare.
"The importance of saving POHs cannot be explained by numbers alone," PHA President Michael Russell, MD, said in the release. "But they play an important role in illustrating the enormous, positive effects that expansion of the POH industry could have on the economy and job market on a local level."
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