Looking to get insight from anyone regarding the sale or merge of a podiatry practice. How was the experience. Timeline. Private equity or supergroup or hospital? Valuations. Etc.
Private equity shouldn’t be allowed in healthcare, as shareholder profit is rarely in the patient’s best interest. For-profit healthcare leads to bad outcomes and bloated costs.
Don’t think that’s an answer you’re looking for, but it’s an answer everyone needs to hear.
Is the purpose of healthcare to improve the economy and enrich shareholders, or is it to treat patients and reach the best outcomes?I’d argue that private equity makes health care more profitable which is in the benefit of its shareholders, owners which further improves the economy.
You are being robbed daily through overpriced insurance premiums paid out to overpriced hospitals, bloated middlemen like private equity and executives at United, Aetna, and Humana.I’d argue that private equity makes health care more profitable which is in the benefit of its shareholders, owners which further improves the economy.
^THIS. This is exactly why I would never advise someone to go into medicine these days, let alone podiatry. We get screwed on both ends.You are being robbed daily through overpriced insurance premiums paid out to overpriced hospitals, bloated middlemen like private equity and executives at United, Aetna, and Humana.
Doctors used to be well paid and health insurance used to be affordable. How can both be true? Because the doctor patient relationship isn't the expensive part of healthcare. Doctors make up like 8% of total healthcare expenditure. A massive amount of the rest is bloat.
If I lock you in a room twice a week and drain 2 pints of blood off of you and then tell you - good news, the national blood selling industry is thriving - have I really done you a favor?
I just pulled a paystub from 2011 from my email. I was paying $47 (presumably 26 times a year) for an unbelievable, goldplated BCBS health plan. Presumably my employer was kicking something like that in, but now adays that plans wouldn't exist or would easily be over $1000 a month.
When I went to DMU for my first year DMU originally required us to buy a specific "gold" health insurance plan. By the time I graduated DMU had essentially completely dropped/remodeled the requirement and would accept any health insurance you purchased because the price had exploded.
I told this story elsewhere recently. My family's total health insurance premium is essentially $18000. For the luxury of paying this money my local hospital system will accept $10,000 for a c-section from United rather than their $60,000 price tag. Here's an idea. How about I kept my $18,000 and paid them $10,000 cash. I get it - I paid for the health insurance to protect me against catastrophe except the price itself has become the catastrophe. Why can't the hospital just set a reasonable price? Because crony capitalism.
I recently reviewed my IPAs contracts. I had 2 insurers that used to allow a good fee schedule. Both are less than Medicare now. I'm not asking for a $1000 for a nail surgery. Patient's and doctors can both experience good value. One of the said plans paid 185% of Medicare for CPT codes, 135% E&M, and 150% for radiology. If you could open a practice tomorrow and get paid at those rates - you would do great and patients would still receive care at a FRACTION of the care that thye receive at overpriced hospitals. But you can't. The ship has sailed. Where did the money go? Not to you or me.
I’m talking from perspective of any partner/owner doctor who has underwent that buyout process. I just want more insight into that process and other people’s experiences.Are you talking about experience for the owner? Partners? Associates?
...great, highly variable, bad (respectively).
Huh? You trolling? I don't think any of us would agree that the current healthcare system is workingI think you all are missing the point. Without health insurance companies we’d end up having death panels, I’d rather these companies whose interest is in us paying premiums keep us alive than the government who has no incentive to keep us alive and healthy. There’s a reason for profit healthcare is in America, because it works.
Huh? You trolling? I don't think any of us would agree that the current healthcare system is working
I think you all are missing the point. Without health insurance companies we’d end up having death panels, I’d rather these companies whose interest is in us paying premiums keep us alive than the government who has no incentive to keep us alive and healthy. There’s a reason for profit healthcare is in America, because it works.
@heybrother I love youYou are being robbed daily through overpriced insurance premiums paid out to overpriced hospitals, bloated middlemen like private equity and executives at United, Aetna, and Humana.
Cmon buddy, this is nothing more than Fox News talking point fed to us by insurance companies making profit hand over fist in order to keep their status quo. There are no “death panels” in other countries with affordable, accessible health care. It’s a catchphrase invented to instill fear in the average American so we can continue to get gypped on our monthly insurance premiums and eventually our 401ks drained by end of life care.I think you all are missing the point. Without health insurance companies we’d end up having death panels, I’d rather these companies whose interest is in us paying premiums keep us alive than the government who has no incentive to keep us alive and healthy. There’s a reason for profit healthcare is in America, because it works.
Lol we aren't interested in your question so we'll answer the question we wanted you to askI’m talking from perspective of any partner/owner doctor who has underwent that buyout process. I just want more insight into that process and other people’s experiences.
You basically described the French universal health care system and it works well.Not sure if im following correctly but I think this is an interesting idea.
Government takes over major illnesses.
General checkups etc on the patient to have their own health insurance if they want it.
Loss of life/limb/organ/function covered by government.
Why don't you go to France and enjoy not being a podiatrist and enjoy with their fancy French wine? Why do you hate Texas? I mean America? JK I hate Texas tooYou basically described the French universal health care system and it works well.
Because I am a masochist and can't quit hundred degree summers. This one has been extra rough tho.Why don't you go to France and enjoy not being a podiatrist and enjoy with their fancy French wine? Why do you hate Texas? I mean America? JK I hate Texas too