Ethicist Art Caplan urges professional societies to weigh in on private equity ownership of medical practices.
Served as a director, officer, partner, employee, advisor, consultant, or trustee for: Johnson & Johnson's Panel for Compassionate Drug Use
The most common targets for private equity are highly paid subspecialty practices — for example, dermatology and ophthalmology. Dermatologists make up 1% of physicians in the United States, but they account for about 15% of equity-owned acquisitions of private practices. Indeed, today, the majority of fertility practices — those doingThere’s a large amount of tension here. There are some good things about private equity and there are some bad things about private equity.
High tension might make medical practices more efficient, but it might on the other hand lead to things that are not really in the patient’s best interest. What’s important is that professional societies have not spoken up to help give advice to doctors who are considering selling their practices. I’m not saying that sales ought not happen. I’m not even saying that sales are wrong. What I am saying, though, is there’s tension. The tension needs to be managed. We need more advice and experience from professional societies and associations about how best to manage that.
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