Consolidation in the spine field has been a continuous trend since the COVID-19 pandemic. In this article, Dr. Richard Kube of Prairie Spine spoke on his expectations regarding consolidation after the pandemic is over, generally concluding that it will still be a large trend. Read more to find out why.
Question: Will consolidation continue to be a trend in spine post-pandemic?
Richard Kube, MD. Prairie Spine (Peoria, Ill.): Consolidation will continue to be a trend due to insurance and large hospital forces. The financial advantages these groups experience through creating quasi-monopolistic business scenarios are still as profitable for them now as they were prior to the pandemic. I believe these forces will attempt to seize the opportunity created by the financial squeeze the shutdown caused many small independent practices to forward their agenda of consolidation. Sadly, the government is also driving things in this direction as well. Limiting choices/competition does not improve the products and services provided in any industry. Medicine is much the same. Given that, the small and nimble practices that provide great value should survive and thrive through this time.