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The thing that's changed in recent years is who "owns" the practices. Traditionally they were owned by the senior GPs, they became partners (owners) in the prac
by samwillis 3y ago
The thing that's changed in recent years is who "owns" the practices. Traditionally they were owned by the senior GPs, they became partners (owners) in the practice they ran.
Now increasingly as older GPs who are partners in prentice's retire they sell their practice to privet equity backed groups. GPs don't want to buy into a practice anymore.
The result of this is significantly worse care and service as the PE backed groups try to extract profits from the system. It's an attractive deal for PE, guaranteed income based on patent list size, and an opportunity to cut costs to make a profit.
- gottorf 3y ago> GPs don't want to buy into a practice anymore. Why is that?