Healthcare Financing in Strong Marketplaces Continues Apace
This reads like an informercial on the benefits of selling one’s practice to a hospital system.
Experts say the number of physicians unloading their practices to hospitals is up 30% to 40% in the last five years. Doctors who sell typically become employees of the hospital, as do the people who work for them.
Regional differences in managed care penetration, encroaching market forces in the 21st century healthcare marketplace, and, of course, concerns over Obamacare — are all at play in the decisions made by doctors to just give up and “sell their souls”. In Minnesota, another case of not beating ‘em, but joining ‘em (the buyout of an independent hospital, in this case).
Allina Health has agreed to take full ownership of Regina Medical Center, a 57-bed hospital and nursing home in Hastings in which it has had a small ownership stake for the past five years. [...] Regina Medical Center is an independent hospital based in Dakota County, serving the southeastern Twin Cities suburbs and western Wisconsin. Its board of directors said aligning with Allina and Benedictine will allow Regina to maintain its Catholic heritage and mission.
The new normal.