April 29, 2022
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CHICAGO — For years, private equity firms have targeted hospital doctors and office-based specialists, but their interest is now shifting to primary care, according to sources Ryan Crowley, BSJ, Senior Associate for Health Policy at ACP.
During the ACP Internal Medicine Meeting, Crowley moderated a session focused on private equity investing and healthcare integration and consolidation.
Although private equity investing can be viewed as a way to raise capital, there are tradeoffs with physician autonomy, Crowley said. These compromises include non-compete clauses, toggle clauses and the employment of non-physicians.
“I think some of the cost and quality effects are still being understood,” Crowley told Healio. “As this is an accelerating trend in healthcare, we must begin research quickly and provide oversight where necessary to ensure patients, physicians and the healthcare system as a whole are not harmed.”
Crowley R et al. The role of financial profit in medicine. Presented at: ACP Internal Medicine Meeting; 28-30 Apr 2022; Chicago.