Private Equity’s Effects on Primary Care Practices Participating in Medicare Advantage

Private equity (PE) investment is increasingly focused on primary care practices participating in Medicare Advantage (MA) risk-bearing capitation models. This study will provide new information on the specific mechanisms by which PE firms may affect provider behavior under the unique financial incentives in MA and the effects on quality of care and patient outcomes. Understanding PE’s impact on the MA program is critical to informing ongoing policy discussions.