Part 7/12:
Consequently, as the expectation for physicians to join large hospital or corporate groups rises, the consolidation has given way to significant administrative burdens for independent practitioners, thereby shaping the market dynamics further. Private equity firms have capitalized on this trend, often leading to higher prices for medical services without a corresponding improvement in care quality. Patients, thus, are trapped in a cycle where they face escalated costs while simultaneously experiencing a decline in healthcare quality.