WASHINGTON March 11, 2024 –Physicians have concerns about the impact that private equity investment in the health care sector has on physician well-being, health care spending, and health equity, according to a new research letter published today in the JAMA Internal Medicine. Physician Perspectives on Private Equity in Health Care presents the findings of a survey of American College of Physicians (ACP) internal medicine physician members about different aspects of private equity involvement in health care.
“With private equity buying up an increasing number of physician practices, and spinning those into for-profit entities, it is important we examine the impact this change has on physicians, patient care, and the overall health care sector,” said Omar T. Atiq, MD, MACP, president, ACP. “There are limited, existing surveys of medical trainees that document concerns about private equity investment in some subspecialties, our survey assesses the views of internal medicine physicians more broadly.”
In the survey data, most respondents viewed private equity involvement in health care negatively, with only 10 percent viewing it positively or somewhat positively. Among the physicians surveyed, private equity-employed physicians were less likely to report high professional satisfaction and autonomy as compared to non-private equity-employed physicians, and fewer reported being extremely likely or somewhat likely to remain with their employer.
“ACP’s survey offers a limited glimpse at some ways that private equity is impacting physicians, patient care, and the overall health care sector, however there are numerous other aspects that should be examined,” concluded Dr. Atiq. “
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About the American College of Physicians
The American College of Physicians is the largest medical specialty organization in the United States with members in more than 145 countries worldwide. ACP membership includes 161,000 internal medicine physicians, related subspecialists, and medical students. Internal medicine physicians are specialists who apply scientific knowledge and clinical expertise to the diagnosis, treatment, and compassionate care of adults across the spectrum from health to complex illness. Follow ACP on X (formerly Twitter), Instagram, and Facebook.