A House bill would repeal the ban on construction of physician-owned hospitals.
Seven of the top 10 performing hospitals and 40 of the top 100 performing hospitals were physician-owned in the 2017 rankings, despite accounting for 5% of hospitals that participate in the CMS-administered Hospital Value-Based Purchasing (VBP) Program. On analysis of CMS payment data, physician-owned hospitals were found to have saved Medicare $3.2 billion over a 10-year period.
“Your bill would level the playing field, allowing physician-owned hospitals to remain competitive, continue their solid record of providing the highest quality of healthcare to patients, and contribute significantly to the communities they serve,” James L. Madara, MD, chief executive officer of the AMA, wrote in a letter to Rep. Johnson, according to the report.
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