Pa. docs increasingly embrace hospital employment

07/22/2013 | KYW-TV (Philadelphia)

More Pennsylvania physicians are abandoning private practice groups in favor of larger, hospital-owned groups, due in part to the financial disparities, says Dr. Richard Schott, a cardiologist and president of the Pennsylvania Medical Society. "There's a very large disparity in payments between what physicians in private practice are reimbursed by Medicare and more glaringly in the private insurance market for identical medical procedures compared to a physician who is employed where the billing is done by a hospital system," he said.

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