Pandemic fuels physician consolidation trend, as CT struggles to retain doctors
The trend in recent years in Connecticut and nationally continues to show hospitals and other corporate entities buying up smaller physician practice groups, and healthcare experts say they don’t see it slowing down, even in the face of potential increased scrutiny from policymakers and regulators. Many younger physicians right out of medical school, and older doctors looking for an exit strategy to sell their practice and focus strictly on medicine as opposed to administrative and IT responsibilities, are more than willing to join larger groups or healthcare systems.
Source: hartfordbusiness.com
