Serious medical errors rose in hospitals after they were taken over by private equity firms, although deaths slightly decreased, a new study found. Researchers reported increases in infections, bed sores and patient falls.
A new study shows an increase in the rate of inpatient complications, including infections and falls, though patients were no more likely to die.
Private equity money isn’t worth taking in some cases. The terms always disadvantage everyone except the people who already have too much money.
File under “No shit.”
Care and profit are mutually fixing exclusive. How have we not fucking learned that yet!?!
Anyone who has ever worked in a hospital that was later bought by private equity could tell you this. Guess what? Running hospitals like businesses might make you money, but it's really bad for patients AND healthcare workers.
Astounding what happens when the vulnerable are treated as a bottom line instead of, you know, the vulnerable.
Capital cares about accumulation and nothing more.
That's what happens when you don't staff your facility. Private equity looks at the books and sees that most of the money is in staffing and thinks that's the easiest place to start cutting. They don't get that whoever they bought it from already had staffing down to bare bones.
Deaths: in hospital deaths decreased? I imagine, yes, due to early/hospice discharges. Gotta protect those stats.
Impossible. Private equity firms believe first and last in preserving human dignity and providing excellent services at reasonable costs even if that eats into their profits.
Maybe the problem is profit motive in "health care?" Ever consider that?