www.levernews.com
Wow, excellent article that managed to trash ACEP, USACS, and Dominic Bagnoli at the same time!Out Of The ER, Into The Street
Enraged by Wall Street’s takeover of their profession, emergency physicians are rising up and speaking out.
Dude. I’m tops on their blacklist. Reportedly their regional medical director is a PA. What a USACS thing to do. Lol. Clown show over there.
You’re an ectopic fetus. I’m pretty sure you’re on every ED docs blacklist.
Santa Clara Valley
Yeah what a flat partnership. Those folks get fat $$ going to meetings and fluffing dom meanwhile poor docs don’t know any better and are working Saturday overnights in an understaffed Ed.
A physicians reintroduction to capitalism.
Most admin think they are a net positive for the organization when, in fact, they aren't. Some admin roles would be better off going unfilled rather than having someone there that makes active decisions that make things worse. Remember during COVID when none of the admin came into the hospital for months (despite us all being 'in this together') and everything carried on? That's because many aren't needed although they'll like to think they kept everything running virtually.
The regionals vps for envision made 450k+ in 2015. These people are making over 400k guaranteed.
Them usucks dollas spend like all other dollas. Can’t wait to see them collapse. It’s coming and it is gonna be glorious. Reports that a bunch of other California contracts of theirs are at risk.
Not carrying water for USACS, but how many executive level national positions do you think it takes to run a corporation? In a business as complex as healthcare?
Is that with or without clinical shifts?
I mostly have.
0 clinical shifts.
They know what they need to do to help make their physicians truly happier, however, those things cost a lot of money. What they really want to know is “how can we trick you into liking us more (or at all) by spending the least amount of money as possible”.
Yep and the insurers are not playing around. Unsure how many saw the recent edpma posts.
More details / links to said posts?
The big problem is the insurance issue will prevent many SDGs from taking over and then what are the real options.
I don’t have a crystal ball but what I’m seeing is that the insurers are going oon with all their contracts where they are above the qpa. The hits the cmgs. Keep in mind the cmgs are both heavily leveraged AND have substantial overhead.
You know what’s funny, Tony Briningstool, APP CEO sent out a system wide email saying there are all sorts of rumors about our finances, but I assure we are on solid financial ground prepared for challenges blah blah etc..
Discerning Fact from Fiction |
Tony Briningstool, MD, FACEP, Chief Medical Officer |
Some of you may remember the old “telephone game” we used to play as children, where you whisper a phrase in the first person’s ear, and they keep whispering it on down the line through multiple people. By the time you reach the last person in line, what that person heard was often vastly different than the original message. This reminds me of how stories can be taken out of context when they pass through the media or are posted on social media sites with comments. In light of the recent attention we have received in the media, I thought this would be a good opportunity to share an update with all of our physicians and advanced practice clinicians of what makes APP special, what we stand for, and provide reassurance to our team amidst these misrepresentations so you are able to discern fact from fiction should you read or hear about APP in the media, social media, or even discussions with colleagues. Our goal is that you are well informed so you can feel proud to work with APP and and also correct misinformation as you come across it. We built APP to be a specialized management company, intentionally designed to deliver a level of engagement, expertise, and partnership that allows us to differentiate ourselves as an industry leader in quality in the patient care experience and provide an environment that allows our providers to practice at a high level within a winning team environment enhancing their professional satisfaction. Our focus is simply on exceeding the expectations for all those we serve. As I have shared in other recent articles, the field of Emergency Medicine—and all practice types within the specialty—are facing several headwinds right now which must be navigated well:
Despite these headwinds, we are confident we will successfully navigate these situational challenges together. With the strong support from each of our financial partners who are committed to facilitating our success, we will continue to be recognized as an industry leader and to serve in new markets as we grow. It is our collective responsibility as good stewards of our resources to manage our practices thoughtfully and adjust accordingly to any volume and reimbursement changes we experience. Know that we stand steadfast together on our commitment to exceed expectations for our patients, providers, and hospital partners, and to fulfil our mission to deliver safe, compassionate, and efficient care to every patient, every time. While all of us in healthcare right now are working hard to provide exceptional patient care in a challenging environment, I truly believe that APP is well-positioned for a strong future, and the foundation we are laying today leads to enhanced operational security, access to more best practice resources, and ongoing educational deliverables to further support our clinical care teams. I want to take an opportunity to again “Thank You” for being a part of our journey to excellence. As always, should you have any questions regarding anything I shared here or other questions about APP’s future, please EMAIL ME, call me at xxx-xxx-xxxx or click the “Ask Tony” button below that appears on every Clinical Update issue. |
This means trouble is on the very near horizon. Very interesting.
www.spglobal.com
Financially healthy companies don't usually need to force their contractors to lend them money to stay solvent...American Physician Partners rating cut to CCC-, withdrawn by S&P Global Ratings
Ratings considers the company's near-term default risk as
I don't think that email can counteract the fact that their credit rating is basically in junk category and you're considered to have a "high" default risk.
That Article is from 2021. Things have gotten so much worse. When will they fail? They just restructured their debt in the past 6 months or so.American Physician Partners rating cut to CCC-, withdrawn by S&P Global Ratings
Ratings considers the company's near-term default risk as
I don't think that email can counteract the fact that their credit rating is basically in junk category and you're considered to have a "high" default risk.
Engage in hospital politics locally. Set up meeting with hospital CEOs but be targeted. Makes less sense speaking to an HCA or CHS ceo since those decisions often come from above the local CEO level. However local hospitals or regional systems make a lot more sense. Engage, use resources including AAEM or even the ACEP independent course which I heard good things about even though my disdain for ACEP is high. AAEM can hold your hand thru the process.
