Tag: hospitals

Another reason private equity should not be in healthcare; Serious medical errors.

Another reason private equity should not be in healthcare; serious medical errors. We all notice the changes in healthcare and all patients and providers of healthcare are feeling it. Service is down, costs are up, the system is impersonal and the bills are getting larger for the same services that cost much less just a few years ago. This is especially true as hospital systems have monopolized your area’s healthcare. Part of this is courtesy of private equity which has invested heavily in healthcare companies, often overspending and then loading the companies up with debt while they attempt to survive Read More »

According to the NY Times, the real cause of the crisis in the U.S. hospitals is…

According to the NY Times, the real cause of the crisis in the U.S. hospitals is… The Covid-19 pandemic laid bare what is wrong with the US hospital system.   While there is much to complain about including massive consolidation, tiered plans courtesy of insurance carriers, and the purchasing of private practices designed to control the regions they proliferate in, there is one overwhelming problem; nurses. During the pandemic, I had heard firsthand stories of nurses being overworked due to staffing shortages, doctors sending nurses to rooms they were afraid to enter and the crisis started years before the pandemic as Read More »

Negotiated hospital rates can be much higher than you think for different procedures says the NY Times.

Negotiated hospital rates can be much higher than you think for different procedures says the NY Times. If you have ever wondered why your insurance costs continue to skyrocket, the answer may lie in the negotiated fees your insurance company has with y9ur local hospital. Years ago, I found out that an MRI for the lower back under my Blue Cross Blue Shield would cost me $800 under their negotiated rate.  Then I had a patient without insurance who went to a local MRI center and paid half that amount.  Crazy, No? In an investigative report, the NY Times recently Read More »

Would making hospitals reveal their prices lower healthcare costs?

Would making hospitals reveal their prices lower healthcare costs? Numerous sources have shown that hospital prices are the largest driver of medical inflation.  If you ever have visited an emergency room without insurance, the fees are absurd and the methods used to justify the prices and the bills border on fraud as discussed in a recent article in the NY Times. In the article, it mentions that although her insurance was billed, they paid the negotiated amounts for the various facility fees, trauma fees and attending doctor charges that were absurd. Imagine not having an insurance company available to discount Read More »

The farce of the facility fee; why you just paid much more to see your doctor.

The farce of the facility fee; why you just paid much more to see your doctor. Healthcare costs are rediculous, with patients being made responsible for high deductibles before their insurance pays anything. Seeing your primary care doctor is usually an affordable thing to do, especially as many of them are forced to compete with the walk-in clinics that seem to be proliferating everywhere. Wall Street is even getting into the game aggregating money to buy practices and then charging outrageous fees for ER visits since they now own the group that supplies the doctors who work in many hospitals.  Read More »