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Message
re: Apparently private equity is buying up small hospitals in LA
Posted on 3/18/24 at 12:57 pm to GeauxTigers123
Posted on 3/18/24 at 12:57 pm to GeauxTigers123
quote:
Some of the articles state that people won’t do business with them anymore cause they won’t pay suppliers
The longer they can put off paying supplies, the less cash they need on hand.
When they push that too far, you piss off your suppliers.
0
Posted on 3/18/24 at 12:57 pm to LSUFanHouston
prioritizing Shareholders over employees/customers is always a recipe for disaster. seeing it where I work.
75% of the employees got no raises, and the rest got a 1% or less raise - but the shareholders got theirs.
75% of the employees got no raises, and the rest got a 1% or less raise - but the shareholders got theirs.
Posted on 3/18/24 at 1:00 pm to LSUFanHouston
No one wants to hear this, but we would be better off with government owned health care than PE owned healthcare.
Posted on 3/18/24 at 1:02 pm to LSUFanHouston
Size wise, Glennwood isn’t exactly small, but the I-20 healthcare market outside of Shreveport has been struggling for a while.
Pretty much all the small hospitals up the western part of LA have been dumped by the big corporate “brands” and are owned by shady for profit entities.
Look up Allegiance Health Management out of Shreveport. Everyone I’ve known that’s been a clinician at one of their facilities has run away as quickly as they could. A number of lawsuits against them as well too.
Pretty much all the small hospitals up the western part of LA have been dumped by the big corporate “brands” and are owned by shady for profit entities.
Look up Allegiance Health Management out of Shreveport. Everyone I’ve known that’s been a clinician at one of their facilities has run away as quickly as they could. A number of lawsuits against them as well too.
Posted on 3/18/24 at 1:04 pm to LSUFanHouston
As a health care professional, what is happening to healthcare as larger corporations take over is frightening for patient safety.
I live it every day as the CEO and CFO limit my staff to dangerous levels and then throw the remaining staff under the bus when something goes wrong with patient care.
It is dangerous to be a hospitalized patient in today’s world.
And then you have insurance companies like Humana buying up home care companies and pharmacies (CVS) and driving the small town pharmacies and agencies who actually care about their patients out of business. This way they can dictate what is covered and at what price.
I live it every day as the CEO and CFO limit my staff to dangerous levels and then throw the remaining staff under the bus when something goes wrong with patient care.
It is dangerous to be a hospitalized patient in today’s world.
And then you have insurance companies like Humana buying up home care companies and pharmacies (CVS) and driving the small town pharmacies and agencies who actually care about their patients out of business. This way they can dictate what is covered and at what price.
Posted on 3/18/24 at 1:06 pm to BlueWaffleHouse
Anybody know what's going on with Green Clinic in Ruston?
Posted on 3/18/24 at 1:49 pm to LSUFanHouston
quote:
That's fine with a manufacturing company or a retail operation. But to do that with a hospital seems like a really, really, really bad idea for our society.
The medical industry is just another for-profit arm of our savagely capitalistic society that bleeds the consumer until they die. Produce unhealthy food for the masses that cause cancer, diabetes and heart disease. Deliver sub-par healthcare at a ridiculously inflated rate because they are charging your insurance that you're required to have. When they don't want to pay the stupid bill you get to pick up the tab. On top of that, as an added bonus these medical experts convince you to use some medicine that gives them incentives but gives you unintended side effects instead.
Posted on 3/18/24 at 2:07 pm to SquatchDawg
quote:
PE thinks they can squeeze a return out of rural hospitals….which has been proven time and again to be a fools errand.
They are in rural nursing homes as well.
A small one in this area is owned by PE and is notorious for poor care and results.
Posted on 3/18/24 at 3:12 pm to Penrod
quote:
Just go ahead and nationalize it, commie.
The government will just try to kill me.
PE firms will try to kill me and make a profit from it.
Posted on 3/18/24 at 3:25 pm to LSUFanHouston
The other side of the equation in the push towards socialized medicine.
Posted on 3/18/24 at 3:28 pm to BuckyCheese
If the Church is God's House, the Devil's is a Nursing Home.
They way they spend down some of these people's incomes should be criminal.
They way they spend down some of these people's incomes should be criminal.
Posted on 3/18/24 at 3:31 pm to White Bear
There are few endeavors more poorly suited to endure the excesses of unregulated (or lightly regulated) capitalism than healthcare. And that's why a lot of aspects of it have slowly become more government dominated. Medicare is pretty popular in this country and for good reason.
But healthcare overall in the US is WAY more expensive than other industrialized countries and outcomes are generally outside the top 10-15.
But healthcare overall in the US is WAY more expensive than other industrialized countries and outcomes are generally outside the top 10-15.
Posted on 3/18/24 at 3:33 pm to White Bear
quote:
The other side of the equation in the push towards socialized medicine.
A lot of things in our society today are becoming...
DEI / Government vs Corporate Earnings Over Everything Else.
Just look at all the Boeing threads... half the posters blame DEI and the FAA, the other half blame Corporate America and profits over all else.
Posted on 3/18/24 at 3:35 pm to nitwit
quote:
And that's why a lot of aspects of it have slowly become more government dominated. Medicare is pretty popular in this country and for good reason.
It wasn't but 20-25 years ago when most people despised Medicare and constantly complained about it.
Now, it's pretty popular.
Medicare hasn't improved or changed one bit.
That shows you how fall the rest of the industry has fallen.
Posted on 3/18/24 at 3:37 pm to LSUFanHouston
Thoughts and prayers to the people in those regions. They are going to slash the frick out of services and jack up prices 100% guaranteed.
Posted on 3/18/24 at 3:42 pm to LSUFanHouston
quote:
Just look at all the Boeing threads... half the posters blame DEI and the FAA, the other half blame Corporate America and profits over all else.
Governmental entities like the FAA are weak because the companies who put profits over everything pay off politicians to neuter their ability to properly regulate industry.
DEI is a red herring farted out by the corporate elites on their corporate owned news and social media services to keep the masses pissed off about the wrong thing. If there is a problem within an industry 99.9% of the time corporate greed via WallStreet demands for permanent rising profits is at fault.
This post was edited on 3/18/24 at 3:46 pm
Posted on 3/18/24 at 3:42 pm to LSUFanHouston
Private equity in medicine is a cancer that harms patients. I don’t believe in big daddy government solving all our problems, but this seems like something that should be fixed with legislation. PE squeezes every last penny out of these communities, their hospitals, and their physicians/nurses/staff, often leaving a shell of what used to be a functioning system.
It’s all good though, Obamacare made it so that doctors can’t own hospitals but private equity is totally fine.
Imagine if lawyers couldn’t own law firms or mechanics couldn’t own a shop. The whole thing is insane and completely demoralizing to medical staff and the patients they serve.
It’s all good though, Obamacare made it so that doctors can’t own hospitals but private equity is totally fine.
Imagine if lawyers couldn’t own law firms or mechanics couldn’t own a shop. The whole thing is insane and completely demoralizing to medical staff and the patients they serve.
Posted on 3/18/24 at 3:43 pm to nitwit
quote:
Anybody know what's going on with Green Clinic in Ruston?
Green Clinic will be going this way very soon. They are struggling to pay their employees, doctors, etc. They terminated the ceo a year or two ago. Not sure if he was let go for mismanagement or trying to stand up to ownership.
Posted on 3/18/24 at 3:45 pm to Thracken13
quote:
prioritizing Shareholders over employees/customers is always a recipe for disaster. seeing it where I work.
You work for Boeing, baw?
Posted on 3/18/24 at 3:49 pm to bountyhunter
quote:
The medical industry is just another for-profit arm of our savagely capitalistic society that bleeds the consumer until they die. Produce unhealthy food for the masses that cause cancer, diabetes and heart disease.
I had no idea big medicine was also creating our unhealthy food chain. Thanks for the education, bro /s
quote:
On top of that, as an added bonus these medical experts convince you to use some medicine that gives them incentives but gives you unintended side effects instead.
Still waiting on big pharma to give me kickbacks and vacations to Fiji. Btw did you take your Zyprexa today?
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