Oregon Passes Bill to Restrict Private Equity: Implications for Pain?

[drusso]

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Bill enacting nation’s strictest limits on corporate health care influence signed by Gov. Kotek • Oregon Capital Chronicle

Corporate investors hoping to take over local health care facilities in Oregon could soon face one of the hardest markets nationwide.

oregoncapitalchronicle.com

"The legislation would close what supporters say is a loophole in state law, which mandates that doctors hold at least a 51% stake in most medical practices, but which companies have taken advantage of by employing their own doctors — sometimes from out of state — and putting them down on paper as clinic owners."

 

[nvrsumr]

Bit torn on this one. Sounds like Little guys can’t sell but the hospitals still can

 

[drusso]

Bit torn on this one. Sounds like Little guys can’t sell but the hospitals still can

The other shoe will drop.

 

[Status Sciaticus]

Bit torn on this one. Sounds like Little guys can’t sell but the hospitals still can

The other shoe will drop.

I see it as a loss. Private clinics cant be sold to PE, but can be sold to local systems like Providence and Legacy, who now have reduced competition as there are fewer bidders in the market. Definitely a win for HOPD though which will absorb practices and ASCs/JVs and juice that facility fee.

Send out that SOS, my guy.

 

[drusso]

I see it as a loss. Private clinics cant be sold to PE, but can be sold to local systems like Providence and Legacy, who now have reduced competition as there are fewer bidders in the market. Definitely a win for HOPD though which will absorb practices and ASCs/JVs and juice that facility fee.

Send out that SOS, my guy.

You'll just be "working for the man" if you're working for the hospital. The hospital will direct and control you. You need to support SB 539 to eliminate hospital facility fees.

Oregon lawmakers target hidden ‘facility fees’ contributing to higher medical costs

Facility fees charged for hospital care have grown more common for routine check-ups and procedures, consumer advocates say.

www.oregonlive.com

 

[Status Sciaticus]

You'll just be "working for the man" if you're working for the hospital. The hospital will direct and control you. You need to support SB 539 to eliminate hospital facility fees.

Oregon lawmakers target hidden ‘facility fees’ contributing to higher medical costs

Facility fees charged for hospital care have grown more common for routine check-ups and procedures, consumer advocates say.

www.oregonlive.com

Supported.

 

[mille125]

Late to the conversation so forgive me if I missed something. How does this help to eliminate facility fees for outpatient services? It will just trickle down to ASCs as well. The fee argument is always interesting because even if the hospital is charging $10000 we all know that they are likely getting only a small fraction of that. To me this seems like a tactic where insurance companies win and they continue to divide up the medical community instead of everyone sticking together to all get reasonable reimbursement for our time and expertise. Admitedly, I may be missing something. Please enlighten me.