Physician Turnover After Private Equity Exits
February 17, 2025
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3 min
6 Key Takeaways
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1
A study in JAMA Health Forum examined the impact of private equity exits on physician employment trends.
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2
Physicians in PE-exiting practices were 1
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3
5 percentage points less likely to remain at their original practices 2 years following exit compared with matched controls.
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4
Higher turnover rates were observed in dermatology and family medicine.
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5
Most PE-exiting practices had more than 20 physicians and were often located in the South.
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6
Future research should explore the impact of PE exits on patient care and practice structures.
A recent study published in JAMA Health Forum examined the association between private equity (PE) exits from physician practices and subsequent physician employment trends. The results showed that physicians in PE-exiting practices were 16.5 percentage points less likely to remain at their original practices 2 years following exit compared with matched controls. The study also indicated higher turnover rates in dermatology and family medicine, with a higher proportion of departing physicians joining large practices.
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