Author Topic: private-equity firms are buying up primary-care practices  (Read 1201 times)

Offline surfivor

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private-equity firms are buying up primary-care practices
« on: August 05, 2015, 03:14:03 PM »

Some articles .. this seems to indicate medical costs will rise and quality is going to continue to go down because private equity firms (corporate raiders) are buying primary care physicians .. this was on the Gary Null show recently. The firms will force doctors to squeeze more out of patients by making certain tests recommended or mandatory and probably by working congress as well, treating people like cattle and forcing them into expensive medical procedures, tests, prescriptions, etc


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http://www.nakedcapitalism.com/2015/07/wolf-richter-private-equity-scrambles-to-buy-primary-care-doctors-leverage-their-patients.html

"    Physicians are expected to spend a limited amount of time with each patient, and are encouraged to see as many patients as possible during a workday. The insurance companies, sometimes with the token cooperation of a few physician-employees, create vast books of patient-care guidelines to which they believe their physicians must be “accountable” (remember this word, it will crop up again). These guidelines might mean documented Pap smear and mammogram frequency, weight management and exercise, colonoscopies for patients over 50, and getting that evil LDL (bad cholesterol) below 99 by any means possible…

    If the chart audit system discovers that a physician, for whatever reason, is an “outlier”–that she’s either not following the guidelines exactly or not getting the results anticipated for her patient population—she’ll be financially penalized. A quick example of what might occur: if your LDL is 115, you may be on the receiving end of a statin sales pitch from your doctor, not because bringing it down to 99 will improve your longevity, but because your refusal to do so will impact her financial bottom line."

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http://www.nakedcapitalism.com/2015/04/barbarians-gates-private-equity-puts-primary-care-play.html

"Furthermore, primary care practices owned by private equity are likely to end up heavily indebted and subject to strict cost cutting measures that may decrease care quality, decrease access, increase patients’ out of pocket costs, and demoralize providers.  Practices acquired by private equity may be broken up and sold as separate pieces.  Should the debt be too high, and the cost cutting not be sufficient, such practices could end up bankrupt and possible completely defunct."


http://www.modernhealthcare.com/article/20150418/MAGAZINE/304189980