Constantine is right, let me give you an example; KKR bought envision for $9.9B, envision is a physician services outsourcing company, when KKR bought envision they moved to out of network billing, so this happened to me and might have happened to many where you as a patient go to a in network hospital but your ER doc or anesthesiologist is out of network and you have to pay out of network fee, this is also called surprise billing that is banned now but envision was charging 10 times medicare fee ; example of creating value for company in expense of customer. In another example PE bought a hospital and stopped sharing info with other healthcare settings ! why? Because they saw patient are going to independent radiology centers to get their imaging done which is cheaper than hospital and they are losing revenue while they wanted patient to do their imaging at the hospital which is more expensive , in this case customer might pay the same but plan sponsor (in many case the employer) is paying for the difference. Another example of PE growing revenue by increasing healthcare cost!
I would like to know if Steve still stands by his comments even after Envision & Steward.
Constantine is right, let me give you an example; KKR bought envision for $9.9B, envision is a physician services outsourcing company, when KKR bought envision they moved to out of network billing, so this happened to me and might have happened to many where you as a patient go to a in network hospital but your ER doc or anesthesiologist is out of network and you have to pay out of network fee, this is also called surprise billing that is banned now but envision was charging 10 times medicare fee ; example of creating value for company in expense of customer.
In another example PE bought a hospital and stopped sharing info with other healthcare settings ! why? Because they saw patient are going to independent radiology centers to get their imaging done which is cheaper than hospital and they are losing revenue while they wanted patient to do their imaging at the hospital which is more expensive , in this case customer might pay the same but plan sponsor (in many case the employer) is paying for the difference. Another example of PE growing revenue by increasing healthcare cost!