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21 century at it again- wall street journal article - please post it.
Wall Street Journal (subscription)-Sep 26, 2017
... through a sweetheart deal with one of the largest public health-care systems in the U.S., North Broward Hospital District, or Broward Health.
Anyway here are the salient points: Broward Health - public health system - in Florida signed a no bid "contract" with 21 century oncology for 30 year term for 21 century to place docs at Broward Health's hospital radiation center. (built by the hospital/tax payers)
The contract turns over all professional and technical fees to 21 century. In addition, for inpatient or nonpaying patients, Broward Health actually pays 21 C .7x medicare technical l!! And Broward Health pays for the staff, facility, operation and 500,000 for doctors. In return, Broward Health gets.... nothing. 21 century earned 20 million/year from this contract according to company's prospectus when they were filing for an IPO (which didnt take place) Last year the CEO of Broward Health shot himself in the head.
Hmm. how do you get a contract like that?
This would be analagous to new york city turning over the subway system to me. Of course the city built it and still pays to operate it, but I would still get to collect all the money. And if someone couldnt afford to ride the subway, of course, the city would pay me so that person could ride for free.
Wall Street Journal (subscription)-Sep 26, 2017
... through a sweetheart deal with one of the largest public health-care systems in the U.S., North Broward Hospital District, or Broward Health.
Anyway here are the salient points: Broward Health - public health system - in Florida signed a no bid "contract" with 21 century oncology for 30 year term for 21 century to place docs at Broward Health's hospital radiation center. (built by the hospital/tax payers)
The contract turns over all professional and technical fees to 21 century. In addition, for inpatient or nonpaying patients, Broward Health actually pays 21 C .7x medicare technical l!! And Broward Health pays for the staff, facility, operation and 500,000 for doctors. In return, Broward Health gets.... nothing. 21 century earned 20 million/year from this contract according to company's prospectus when they were filing for an IPO (which didnt take place) Last year the CEO of Broward Health shot himself in the head.
Hmm. how do you get a contract like that?
This would be analagous to new york city turning over the subway system to me. Of course the city built it and still pays to operate it, but I would still get to collect all the money. And if someone couldnt afford to ride the subway, of course, the city would pay me so that person could ride for free.
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