When J. Crew was acquired by Private Equity (PE), clothing started falling apart at the seams.
When Dermatology practices were acquired by PE, PEOPLE started falling apart at the seams
PE is Antithetical to Medicine
@planetmoney@business@bopinion
https://t.co/pqwKT7ZrG4
TONIGHT: I'm doing an event at 8:30 pm EST with @ApparentLiMD on Steward Health Care & the public health emergency caused by converting hospitals into ponzi schemes. Tell your clinician friends! (esp if the sight of a pizza box makes them borderline homicidal) Register here: https://t.co/cdDKzYzTNq
@RepBenBowman, @GovTinaKotek We know where PE has its hands patients suffer. The current CPoM is literally harming patients both in hospitals and nursing facilities. It puts profits before patients. Patients deserve better and that patient could be you any day.
#MedTwitter - Industry is says that Oregon HB 4130 introduced by @RepBenBowman undermines "traditional" physician practice structures, like where non-physicians corporations like #PirateEquity, #HealthInsurance put profits over patients & ctrl physicians, & deny care. End #CPoM
It's not only consolidation its when systems go unchecked & put profits before patients. The system is rigged against the patient. PE, non-profit, for-profit all look the same at this point. It's a business to earn as much as possible but who is holding them accountable?
HCA, The hospital system that owns over 180 hospitals and 3200 sites of patient care, responding to Stein lawsuit, says it never committed to quality care at Mission • Asheville Watchdog
Another reminder that consolidation is a bad trend in medicine
https://t.co/LaKTBnVRUA
I definitely support Oregon HB 4130 put forth by @RepBenBowman. We need to take action to limit the rampant spread of private equity in health care. This is a good first step. You can contact Rep Bowman’s office to share your thoughts!
To OR policymakers, remember that physicians owned by PE aren't allowed to speak ill of PE. HB4130 comes down to whether or not you think medical decisions should be made by physicians or by Wall Street profiteers. End #CorporateMedicine#CPoM#TakeMedicineBack@Hayrook
@DGlaucomflecken please publicize and support Oregon House Bill 4130 that would stop PE and corporations from controlling Oregon medical practices @TakeMedBack
https://t.co/6t9dGTXDDU
Policy makers: when you read "Value Based Care," think: "Value-Extracted Carelessness" in your head
"Medicare Advantage" ---> "Medicare taking Advantage of seniors"
"MC4A" (in this paradigm) --> "United Health denies care For All"
#MedTwitter#TakeMedicineBack end #CPoM