August 31, 2026- Physicians in the U.S. are increasingly employed by hospitals and other corporate entities. Across the 700,000 physicians assessed by a Trilliant Health analysis, 59.4% are employed by a hospital or health system. The share of hospital-employed physicians varies by region, from 67.2% in the Midwest to 52.4% in the South, and by state, from 83.0% in North Dakota to 31.3% in Nevada. The share of hospital-employed physicians also varies by specialty, from 78.8% in hematology and oncology to 26.9% in podiatry, with procedural and hospital-based specialties among the most frequently employed and office-based specialties among the least frequently employed.