A July 2023 study by RAND found that most physicians working in vertically integrated hospitals or health systems were 65% less likely to use ASCs for procedures, compared to physicians who were never a part of a vertically integrated system.
Assembly bill 3129 was passed by the California Legislature in August, and would give the attorney general authority to review and approve or deny transactions between independent physician practices and private equity firms.
Healthcare consolidation continues to accelerate, impacting ASCs in various markets, including changes in competitive dynamics, reimbursement rates and opportunities for partnerships.
As healthcare consolidation persists and physicians are increasingly pushed toward employed models, physicians and their patients are forced to manage the fallout of these industry shifts.