Practice Management
Recognizing the wisdom of offering patients a wider variety of options than primary care or the emergency room, more hospital systems are extending their brands to urgent care by entering into joint ventures with urgent care operators, or creating new urgent care centers of their own. The media are taking notice, too; a new article in Modern Healthcare details the investments MultiCare Health System, based in Tacoma, WA and Northwell Health of New Hyde Park, …
Read More
Hospital ownership of physician practices—including urgent care centers—has jumped a whopping 86% in just 4 years, according to new data from the Physicians Advocacy Institute. That means one out of every four practices is now owned by a hospital, overall. For hospitals, owning practices not physically connected to their facility allows them to keep patients “in the family” even when they’re not on campus, which also allows them to keep fees in-house as well of …
Read More