> why doesn't this happen to restaurants, or super markets or car mechanics
They get bought out by PEs as well.
> The other problem is the regulation and groups like AMA
My SO is a Doctor, and most of her overhead is from paperwork, billing, and IT.
Managing a HRM, your clinic's IT, your clinic's medical devices, your clinic's digitized patient records, the paper trail needed to get paid, etc is hard.
Most older practitioners have sold their clinics to PEs for that reason - they don't want to spend an additional 20-30 hours a week dealing with the issues above.
This is why they sell off their practices to consolidated groups, because they will unify these services but give the Doctor a paycheck.
They get bought out by PEs as well.
> The other problem is the regulation and groups like AMA
My SO is a Doctor, and most of her overhead is from paperwork, billing, and IT.
Managing a HRM, your clinic's IT, your clinic's medical devices, your clinic's digitized patient records, the paper trail needed to get paid, etc is hard.
Most older practitioners have sold their clinics to PEs for that reason - they don't want to spend an additional 20-30 hours a week dealing with the issues above.
This is why they sell off their practices to consolidated groups, because they will unify these services but give the Doctor a paycheck.