The number of hospital-employed physicians hit about 155,000 in 2016, up 63% from 95,000 in 2012, a trend that could be eroding competitive market forces and inflating costs.
Atrium Health and UNC Health Care signed a letter of intent to create a joint venture last August. Atrium on Friday put those talks on hold.
The healthcare industry has had its share of turmoil in recent years. But news of the Aetna/CVS Health merger in October set a new standard for disruption—and it signaled we'd see more nontraditional alliances.
Chinese investor Tianqiao Chen last week bought $1.6 million of Community Health System shares, according to SEC filings.
The purchases, while relatively small, were done at bargain basement prices below $4 a share.
With struggling giants Tenet Healthcare and Community Health Systems now sellers rather than buyers of hospitals, their competitors are paying a premium to acquire their coveted facilities.
Marin General Hospital's CEO Lee Domanico says that while other hospitals are consolidating, he felt confident that continuing as a free-standing hospital, with a mix of about 80% Medicaid patients, would be supported by the local community. And the community delivered.
Increasing cost transparency coupled with new value-based incentives to better coordinate care will pressure merger partners to return some of the benefits from economies of scale and shared purchasing to patients, said a new report by the Healthcare Financial Management Association.
Although the Trump administration could shake up the healthcare market with plans to repeal and replace the Affordable Care Act, antitrust enforcement agencies will see few changes that could impact their aggressive stance against major consolidation in the industry.
Management of Quorum Health Corp. is negotiating to sell five more of its money-losing hospitals to go along with two already under contract. Though divestitures are a priority, Quorum has expressed an interest in acquiring a hospital in Huntsville, Texas.
About 425 doctors from the New Bedford, Mass.-based system will exit the New England Quality Care Alliance and create their own physician network called the Southcoast Health Network.
Physician-staffing giant TeamHealth is taking steps to heal its IPC division, an effort that under Blackstone ownership can be best undertaken outside the glare of public equity markets. To fix IPC, management has created a separate leadership structure to grow its presence in post-acute medicine.