Most cardiovascular practices are still owned primarily by physicians, but hospital ownership of practices continues to rise, and now the percentage of cardiologists employed by physician-owned practices is the same as the percentage employed by hospitals, according to an American College of Cardiology survey.
The ACC compared the results of this year's survey, conducted between June and August, to those from 2007. According to the survey, 35% of cardiologists today are employed by a hospital-owned practice, and 35% are employed at a physician-owned practice. Five years ago, 59% were in private practice, and 11% worked for hospitals. The group also found that 60% of cardiovascular practices currently are physician-owned and 24% are hospital-owned. Five years ago, doctors owned 73% of the practices and hospitals owned only 8%.
The ACC invited a physician representative from 5,930 practices in the U.S. and its territories to participate in the survey; 42% responded. There are 21,373 cardiologists and 94,425 other physicians at those responding practices, the ACC noted.