Amazon's $3.9 billion purchase of One Medical's doctor-staffed clinics will make primary care practices more expensive for CVS, Walmart and Walgreens.
... [+]News Amazon will spend $3.9 billion on doctor-staffed clinics will make the business of buying primary care physician practices much more expensive for retail rivals.comes during a period of unprecedented competition for primary care doctor practices with Walgreens opening hundreds of physician-staffed clinics with partner VillageMD while Walmart launches its doctor-staffed clinics under the Walmart Health brand in several new markets.
“Coinciding with physician workforce shortages, volatility, and workplace disaffection is the growing presence of non-traditional players such as retail outlets, insurance companies and private investor groups that now actively recruit physicians and/or acquire their practices,” the doctor staffing companies AMN Healthcare and Merritt Hawkins said in their recently released review of physician recruiting incentives.
Physician compensation is already on the rise as patients return to see their doctors in-person after the Covid-19 pandemic and government shutdowns caused practices and clinics to close in 2020 and primary care salaries tumbled briefly. Before the pandemic hit, the average starting salary from Merritt Hawkins’ 2019/2020 report for internal medicine physicians was $276,000, which tumbled to $244,000 in the 2020/2021 report at the pandemic’s peak. Though internal medicine starting salaries aren’t quite back to where they were before the pandemic hit, the average starting salary for 2021/2022 was $255,000 and continues to rise, compensation analysts say.
With Amazon’s backing, One Medical will have a huge financial war chest to expand into a primary care market that already includes well-capitalized hospitals and health systems that are buying up doctor practices along with the new retail rival entrants.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Amazon to Buy One Medical for $3.9 Billion in Healthcare DealAmazon has agreed to buy 1Life Healthcare, which operates a primary-care practice under the name One Medical, for $3.9 billion, including debt, the retailing giant’s latest foray into the healthcare space.
Consulte Mais informação »
Amazon buys San Francisco-based One Medical for $3.9 billion; plans to reinvent heath care 'experience'Amazon announced Thursday it will acquire the primary care organization One Medical in a deal valued roughly at $3.9 billion, marking another expansion for the retailer into health care services.
Consulte Mais informação »
US Regulators Urged to Block Amazon's 'Terrifying' Purchase of One MedicalBarry Lynn of the Open Markets Institute says regulators should swiftly 'establish a basic set of rules to protect every corner of America's health industry' from corporations like Amazon, which is purchasing One Medical.
Consulte Mais informação »
Amazon buying primary care provider One Medical for $3.9 billionAmazon will acquire the primary care organization One Medical in a deal valued roughly at $3.9 billion, marking another expansion for the retailer into health care services.
Consulte Mais informação »
Amazon to Buy One Medical Network of Health Clinics in Healthcare ExpansionThe deal for the operator of primary-care clinics will help the tech giant offer medical services to a large pool of employers and individuals and underscores its sweeping ambitions in healthcare.
Consulte Mais informação »
No one hits Mega Millions' jackpot, but someone in AZ wins $1 millionThe expected jackpot of $630 million would make Friday's drawing the lottery’s fifth-largest ever and 11th-largest in U.S. history.
Consulte Mais informação »