Final answer:
A medical practice management organization (MPMO) provides administrative services to physician practices, and is part of a trend in healthcare towards consolidation and efficiency.
Step-by-step explanation:
The entity in question that is usually owned by physicians or a hospital and provides practice management services to individual physician practices is known as a medical practice management organization (MPMO). These entities offer administrative and support services to help reduce the burden on healthcare providers, allowing them to focus more on patient care. This concept is part of the broader trend in healthcare towards efficiency, consolidation, and mass production models. The U.S. healthcare system has experienced these changes significantly in recent decades, with the advent of hospital mergers, urgent care expansion, telemedicine, and the integration of artificial intelligence into healthcare services for better management and delivery of care.