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Jeremiah Johnson 🌐
@JeremiahDJohns
"The key to reducing administrative bloat in healthcare is private equity takeovers" is a sentence capable of creating ten thousand rounds of Discourse
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KingoftheCoast
@kingofthecoastt
Finally published. Our private equity heroes are culling administrative bloat among hospitals. x.com/kingofthecoast…
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David Watson 🥑
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Zac Hill
@zdch
I think the median American’s sense of a private equity executive is just Dracula
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Ready for discussion
@lilienfeld1
There is no reason to think private equity understands bloat any better than any other MBAs. About the only people who actually see the system are the MDs and RNs who work in it every day. Otherwise, no one really wants to deal with the innards.
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Sidd
@nolightupstairs
The key to reducing administrative bloat is having a national insurer negotiate on behalf of consumers, but it's nice to know that capitalist schemes can occasionally approximate this process.
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Walton
@WaltonBuzzGT
I like that it ends with patients satisfaction declines. Outcomes are super important but patient satisfaction is a huge part of the business. Of course medical care could be leaner if you literally stopped caring what the patients think.
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Alexander Billy
@economalex
I don’t discount this outcome, but that’s only one set of costs. There is also reduced market power and pernicious billing practices, i.e., upcoding. PE isn’t the bogeyman; it’s also not heroic.
journals.uchicago.edu
Surprise! Out-of-Network Billing for Emergency Care in the United States | Journal of Political...
In the United States, hospitals and physicians independently negotiate contracts with insurers. Therefore, a privately insured individual can be treated at an in-network hospital’s emergency depart...
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Will
@willmenzies
"Patient satisfaction declines" so we get the supposed downside of universal healthcare (wait times etc) but not the upside cool cool.
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The Ripamaru ⭐⭐
@Ripamaru
Idk it sure seems like cutting out the massive useless middle man industry would be the biggest improvement.
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Dave4California
@fairer4scoring
Private equity causes patient satisfaction to drop, reduction in healthcare employment, both medical and administrative, and profits being passed along to the vultures. Checks out
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