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Related Experiment Videos

Survey finds physicians satisfied with practice acquisitions.

J W Wild1, J E Hill

  • 1PSA Consulting Group, LLP, Harrodsburg, KY, USA.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|January 7, 1998
PubMed
Summary
This summary is machine-generated.

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Physicians selling practices to hospitals reported high satisfaction with the acquisition experience. Most would recommend practice acquisition to colleagues, indicating a positive outlook on these transactions.

Area of Science:

  • Healthcare Management
  • Physician Practice Acquisition

Background:

  • Hospitals have increasingly acquired physician practices.
  • Previous surveys focused on hospital financial expectations.
  • A physician perspective was needed to evaluate practice acquisitions.

Purpose of the Study:

  • To assess physician satisfaction with practice sales to hospitals.
  • To understand physician recommendations for practice acquisition.
  • To identify characteristics of physicians selling practices.

Main Methods:

  • A survey of approximately 500 physicians who sold their practices to hospitals.
  • Data collected on overall satisfaction, likelihood to recommend, and satisfaction with process handling.

Main Results:

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  • 67% of physicians were satisfied or extremely satisfied with the acquisition.
  • 60% would recommend practice acquisition to a colleague.
  • 77% were satisfied with the acquisition process details.
  • Most respondents were primary care physicians nearing retirement or seeking administrative relief.

Conclusions:

  • Physician satisfaction with practice acquisition by hospitals is generally high.
  • Physicians value relief from administrative burdens and equity realization.
  • The findings support hospital acquisition strategies from the physician viewpoint.