Nathan Kaufman: Hospital-based anesthesia and radiology operate in a broken financial model
The good ol’ days of hospital-based physicians providing services at no cost in exchange for exclusivity are over, creating significant disruptions. Health systems are facing a growing shortage of anesthesiologists and radiologists, a shortfall that is driven by a broken business model for those types of services. Underpayment for anesthesia and radiology care by Medicare and Medicaid combined with a lack of experience in related revenue cycle management and high…
Private equity ownership boosts hospital profitability through staff cuts
Private equity-acquired hospitals have been found to have improved financial results and survival rates, with decreased wage costs and increased profitability, but also decreased patient satisfaction and potential adverse surgical outcomes.