U.S. healthcare is increasingly pivoting towards for-profit management.
“‘There’s a reason private equity firms have invested in companies staffing hospital emergency departments,’ said Richard M. Scheffler, a professor of health economics and public policy at the University of California, Berkeley.
‘The money in the hospital is in the ER,’ he said. ‘It is the biggest net generator and a huge profit center for almost all hospitals.’ The problem, he said, is that ‘ER doctors are being told how to practice medicine’ by financial managers.”
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