Health Systems With Largest Private Equity Investments, Modern Healthcare, May 4, 2021
Largest Health System Investors in Hedge Funds, Modern Healthcare, May 4, 2021
Both charts are behind a paywall. From the charts:
Comment:
By David Himmelstein, M.D. and Steffie Woolhandler, M.D., M.P.H.
We and others have noted the worrisome commercialization of health care, and particularly private equity firm purchases of physician practices, hospitals, and nursing homes.
But commercialization is also reflected in “non profit” health systems’ increasing focus on financial gain. Profits on patient care undoubtedly account for the vast majority of the surpluses they invest, as well as their executives’ multimillion dollar pay packages. This thirst for profit distorts priorities: mental health, primary care, and care for the poor are money losers, while delivering high tech cardiac and orthopedic procedures to affluent patients is the road to riches.
All payments for patients’ care should go for care, not to augmenting institutional wealth and power.
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