Survey: Percent of Cardiovascular Practices Employed by Hospitals Tripled 2007-2012

The percent of cardiovascular practices owned by hospitals has increased from 8 percent in 2007 to 24 percent today, according to an American College of Cardiology survey.

The 2012 Practice Census includes responses from more than 2,500 cardiovascular practices across the 50 U.S. states and Puerto Rico.

While the percent of hospital-owned practices has increased, the percent of physician-owned practices has decreased. Sixty percent of practices are currently physician-owned compared to 73 percent in 2007.

Here are some other key data points from the survey:

•    An equal percent of practitioners — 35 percent — are employed by hospitals and are physician-owned. In 2007, 59 percent of practitioners were in private practice and 11 percent were employed by hospitals.
•    Continued cuts to Medicare physician payment and reimbursement in general are the top two issues keeping more than 70 percent of private practitioners awake at night.
•    Medicare payment cuts (56 percent) and reimbursement (49 percent) were also top challenges for hospital-owned practices, followed by billing and coding (41 percent), hospital/practice alignment (40 percent), workflow management (38 percent) and health information technology implementation (36 percent).

More Articles on Physician Employment:

Marion General Hospital Acquires Smith Clinic
Methodist Acquires Senatobia Primary Care Practice

Steward Health Gets Hawthorn Medical Associates to Leave Partners HealthCare

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