“Hospitals acquired by private equity saw a 25% uptick in adverse events compared with controls… The findings add to an accumulating body of literature underscoring the harm that occurs when financial investors take over health care providers — not only hospitals, but nursing homes, hospice care”
Adverse events at hospitals like falls and infections spiked 25% after private equity took over, a new study found.
It's not like we have not seen this before. In the late 1990's early 2000's there were Physician Practice Management (PPM) organizations buying up practices .... Phycor, PRG, MedPartners and many more. As they went bankrupt, they wreaked havoc But of course, "This time it's different."
maximizing profit results in poor health outcomes? I'm shocked. Yes, and surprised. and shocked. Did I say shocked already? I did?
You want to meet Dunkin Donut and Subway Franchise owners buying hospital systems? Ping me !
Every reason to think quality is reduced in other industries as well! Tempting to extrapolate toward an explanation of “missing” productivity impact of tech change and hollowing out of civic capacity. Even if PE isn’t in control, their practices are heightened form of the way large biz runs.
I feel like no one who knows anything about anything is shocked by this news. “A bunch of profit mongering asshats with no experience or interest in health care now own a bunch of medical institutions. What could possibly go wrong?”
Medicare for All is weak sauce. Nationalize the healthcare system.
Late stage capitalism.
25% is not "an uptick"
Is anyone surprised at this?
This model “fails” again and again and again. It’s almost as if the model is designed to fail…. #ProfitsOverPeople