The U.S. Senate Committee on Finance held a hearing on June 8 addressing the growing trend of "Consolidation and Corporate Ownership in Health Care." The hearing explored the increase of corporate ownership in medicine, and its impacts on patient access, quality of care, costs and market competition.

ACC member, Karen E. Joynt Maddox, MD, MPH, FACC, associate professor of medicine at Washington University in St. Louis, MO, was among those testifying before the Committee. She spoke on the role private equity plays in the current market, the importance of increased data collection on ownership, quality and cost, and the continued shift towards value-based care.

The ACC will monitor the Committee for any resulting legislation or proposals. The full video of the hearing can be found here.

Read more on private equity and early insights from cardiovascular professionals in the June issue of Cardiology magazine.

Keywords: ACC Advocacy

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