Vehicles for Consolidation and Expansion of Physician Practices: Private Equity, Medical Services Organizations, and Strategic Partnerships.

As reimbursements decline and the health care sector experiences consolidation, running a small practice is increasingly difficult. The past 15 years has seen a significant rise in practice consolidation, private equity investment, and regional health system affiliation. In a rapidly changing health care landscape, positioning one's practice for the future is challenging. The trade-off between financial stability and loss of control over the business and physician autonomy is often front and center in choosing our strategic partnerships. The long-term effects of these changes in practice dynamics on the quality and cost of care remain unknown but are concerning.