WaPo article on Welsh Group/Anesthesia

[WorkNoteEmergency]

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Sound familiar?

https://www.washingtonpost.com/business/2023/06/29/private-equity-medical-practices-raise-prices/

I think Welsh was one of the first funders of USACS. Article doesn't discuss the squeeze on the docs until the end and no mention of mid level use.

 

[BulgeDaTwine]

Sound familiar?

https://www.washingtonpost.com/business/2023/06/29/private-equity-medical-practices-raise-prices/

I think Welsh was one of the first funders of USACS. Article doesn't discuss the squeeze on the docs until the end and no mention of mid level use.

Well this sounds familiar [from the article]:

USAP officials often tout that the company is “physician-owned,” with doctors owning about 45 percent of company stock. Many physicians own USAP stock because when USAP bought doctor practices, it often paid the doctors partly in stock.

Several physicians said that they have been unable to redeem their shares, which they valued at hundreds of thousands of dollars. They asked that their names not be used because they are still seeking to sell their shares back and fear retaliation.

In a statement, USAP acknowledged that some share redemptions “did not occur.” The statement attributed this to the pandemic, saying “we were cautious about how we deployed our capital and used our cash.”

 

[ensuii]

Private equity is such a plague and ubiquitous throughout healthcare at this point. If we had any semblance of a morale governance, this would've ended years ago; probably going to get way worse before it gets better.

 

[WilcoWorld]

Private equity is such a plague and ubiquitous throughout healthcare at this point. If we had any semblance of a morale governance, this would've ended years ago; probably going to get way worse before it gets better.

It does seem that an argument could be successfully made that the objectives of PE and health care are so at odds that PE should be barred from health care investing - at least health care delivery.

 

[xaelia]

Private equity is such a plague and ubiquitous throughout healthcare at this point. If we had any semblance of a morale governance, this would've ended years ago; probably going to get way worse before it gets better.

TBH, I enjoy working overseas because the nature of the work is benign and sustainable, but the flip side is a bit of gaining citizenship for a "backup" health system/elder care system for myself – good to have a choice between US/NZ/AUS in 15-odd years to retire between whichever system is the most functional and least wrecked by corporate greed.