Journal
HEALTH AFFAIRS
Volume 39, Issue 6, Pages 1026-1031Publisher
PROJECT HOPE
DOI: 10.1377/hlthaff.2019.01419
Keywords
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Funding
- Physicians Foundation Center for the Study of Physician Practice and Leadership at Weill Cornell Medicine
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The growth of private equity investment in health care has dramatically changed the landscape of health care delivery over the past decade. Private equity firms are rapidly acquiring physician practices, with ophthalmology practices being one of the most frequently acquired types. We present perspectives from thirty-five semistructured interviews conducted with a wide range of knowledgeable people on private equity investment in physician practices, with a specific focus on ophthalmology. Acquisition by a private equity firm can be an attractive option for physicians, particularly older ones. However, interviewees had starkly conflicting perspectives on the likely impact of private equity acquisitions on the cost, quality, and use of medical care.
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