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Oregon becomes first state to end private equity and corporate control of doctor practices
Posted on 6/11/25 at 9:41 am
Posted on 6/11/25 at 9:41 am
25
Posted on 6/11/25 at 9:44 am to rickgrimes
What about all the practices there already owned by PE?
Can they stay?
Can they stay?
Posted on 6/11/25 at 9:44 am to rickgrimes
Now.. repeat this 49 more times.
My old doctor used to be awesome... then more and more control from above came to his group practice... then he eventually turned into a cookbook doctor and I dropped him.
My old doctor used to be awesome... then more and more control from above came to his group practice... then he eventually turned into a cookbook doctor and I dropped him.
Posted on 6/11/25 at 9:45 am to rickgrimes
I mean they do this with lawyers everywhere. I don't necessarily agree with it on a philosophical level, but it's bullshite on a personal level.
If the argument for lawyers is that we have certain specific duties to our clients that can't be compromised, these professional services who owe their own certain specific duties should face the same regulation (if we're being intellectually consistent). Medical, dental, accounting, etc. Hell, it would be hilarious if they came down on finance/investment companies (who have fiduciary duties) too.
If the argument for lawyers is that we have certain specific duties to our clients that can't be compromised, these professional services who owe their own certain specific duties should face the same regulation (if we're being intellectually consistent). Medical, dental, accounting, etc. Hell, it would be hilarious if they came down on finance/investment companies (who have fiduciary duties) too.
Posted on 6/11/25 at 9:45 am to rickgrimes
Don’t know the details, but I favor this. Just look at what private equity and corporate control has done to vet practices. It destroys professionalism. So far, lawyers have held out against this sort of thing, at least in the US.
Posted on 6/11/25 at 9:46 am to rickgrimes
What about doctors that own their own practice and incorporate it? I've know several physicians that used to do this.
Are they also going to control malpractice insurance costs? That's what drove most of them out of private practice business.
Are they also going to control malpractice insurance costs? That's what drove most of them out of private practice business.
This post was edited on 6/11/25 at 9:47 am
Posted on 6/11/25 at 9:47 am to rickgrimes
Do all professional services next.
PE is nothing but bad news for everything it touches.
PE is nothing but bad news for everything it touches.
Posted on 6/11/25 at 9:48 am to rickgrimes
Good.most PE people should be in jail
Posted on 6/11/25 at 9:48 am to Lonnie Utah
quote:
What about doctors that own their own practice and incorporate it?
Do they incorporate them or form an LLP?
Posted on 6/11/25 at 9:49 am to rickgrimes
Good on Oregon!!!
Posted on 6/11/25 at 9:49 am to Masterag
quote:
Good.most PE people should be in jail
lol. Why?
Posted on 6/11/25 at 9:51 am to jclem11
quote:
Do all professional services next. PE is nothing but bad news for everything it touches.
Anything that has standards to uphold the public trust or health should not be owned by PE. The ethos of the two entities are incongruent.
Posted on 6/11/25 at 9:52 am to Mo Jeaux
quote:
Do they incorporate them or form an LLP?
Sorry I don't know the specifics.
Posted on 6/11/25 at 9:52 am to Lonnie Utah
quote:
What about doctors that own their own practice and incorporate it?
Well they aren’t owned by private equity so what is the question?
Posted on 6/11/25 at 9:54 am to rickgrimes
Let oregon be a test case to see if this helps medical prices and care, or if it hurts prices and care......
Posted on 6/11/25 at 9:54 am to Mo Jeaux
quote:
lol. Why?
They act in bad faith, often unlawfully, and get around being prosecuted through NDAs, forum selection, and restrictive contracting.
Posted on 6/11/25 at 9:55 am to Masterag
Eh, kind of broad brushstrokes there.
Posted on 6/11/25 at 9:57 am to Mo Jeaux
quote:
Eh, kind of broad brushstrokes there.
Generally correct though
Posted on 6/11/25 at 9:57 am to rickgrimes
Hopefully this becomes a trend nationwide.
Posted on 6/11/25 at 9:58 am to Mingo Was His NameO
quote:
Generally correct though
Nah.
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