Category: Becker’s ASC Review

How consolidation is impacting employed vs. independent physicians

More than half of independent physicians said mergers and acquisitions have negatively affected their job satisfaction, according to a recent Physicians Foundation survey. 

Independent physicians hit harder by pay cuts than employed peers

More independent and older physicians reported experiencing a reduction in income in the last year than employed physicians, according to a recent Physicians Foundation survey. 

New California bill could spell 'disaster' for independent physicians: Opinion

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. 

North Carolina GI ASC adds 10th physician

Hickory, N.C.-based Gastroenterology Associates has added its 10th physician, gastroenterologist Devan Patel, MD, according to a Sept. 19 report from the Hickory Daily Record.

Novant to open outpatient clinic in former Verizon Wireless

Winston-Salem, N.C.-based Novant Health plans to open a two-story outpatient facility in a former Verizon Wireless call center in Wilmington, N.C., according to a Sept. 19 report from Wilmington Biz.

CVS subsidiary to pay $60M to settle kickback allegations

Chicago-based Oak Street Health, owned by CVS Health since 2023, agreed to pay $60 million to settle allegations that it was involved in a kickback scheme that violated the False Claims Act. 

Physician charged for $32.7M fraud scheme 

An Alexandria, La.-based physician has been charged for his role in a $32.7 million Medicare fraud scheme involving medically unnecessary definitive urine drug testing services. 

Rhode Island medical office building sells for $1.95M

A medical office building in North Smithfield, R.I., has sold for $1.95 million, according to a Sept. 18 report from Providence Business News.

St. Luke's opens 7th medical office building

Bethlehem, Pa.-based St. Luke’s University Health Network has opened its seventh medical office building, according to a Sept. 19 report from the Saucon Source.

Independence vs. employment: where do cardiologists fall?

Consolidation has been on the rise across healthcare, and cardiology is no different.