Coalition for Patient Centered Care

When private equity firms prioritize “short-term gains over long-term healthcare stability”, hospitals become vulnerable to crises, the Yale Daily News reports.? https://lnkd.in/gHKw8W4u

When like-minded organizations come together, good things happen. Whether advocacy and legislation-focused or networking and resource-oriented, we're proud to align with the Coalition for Patient Centered Care and Take Medicine Back. We want to work closely with other independent-focused groups too - please share in the comments or email us with the names of other groups we should be in touch with! [email protected].

Issues which arise from private equity firms operating in the healthcare sector will not be fixed overnight. However, even despite setbacks, it is encouraging to see, "[t]here’s enough momentum there that [scrutiny and regulation] will continue." https://lnkd.in/dpKGMkf6

Although we were disappointed CA's AB 3129 did not become law. As a coalition dedicated to quality patient care, we are encouraged that policymakers both at the state and federal level are continuing to combat private equity in healthcare. This is an issue that needs to be urgently addressed due to the negative effect private equity investment in the healthcare sector has on workers and patients alike. https://lnkd.in/eSGKwdEM

Our position on the upcoming American Society of Anesthesiologists? election taking place at the annual #ANES24 meeting October 18 - 22: In recent years, there has been a concerning trend in the healthcare industry - the increasing number of medical groups being taken over by private equity firms. While the promise of financial investment and operational efficiency may seem appealing to some, it is crucial for medical groups to seriously consider long-term implications of such takeovers on the quality of patient care and the autonomy of healthcare providers. Maintaining independence is essential for groups to uphold their commitment to patient-centered care. When medical practices are owned by private equity firms, the primary focus often shifts from providing high-quality care to maximizing profits, resulting in decisions being made based on financial considerations rather than what is in the best interest of patients. Healthcare providers may find themselves under pressure to see more patients in less time, leading to diminished quality of care. Private equity involvement can erode physician's autonomy as they find themselves constrained by corporate mandates and profit-driven directives, limiting their ability to make decisions based on their clinical judgment and their patients' needs. This can ultimately compromise the doctor-patient relationship, the foundation of effective healthcare delivery. It is crucial for medical groups to resist the allure of private equity takeovers and prioritize their independence to safeguard the quality of patient care and the integrity of the healthcare profession. By remaining independent, groups can continue to prioritize patient well-being, uphold professional standards, and maintain the trust of their communities. The importance of medical groups maintaining their independence in the face of private equity takeovers cannot be overstated. It is imperative for healthcare providers to prioritize patient care over profits and to uphold the values of the medical profession. By resisting the pressures of corporate ownership, medical groups can ensure that their primary focus remains on delivering high-quality, patient-centered care. This mandate must extend inward to the American Society of Anesthesiologists as well, as members and delegates cast votes for future leaders this October. ?????? ?????? ?????????????????????? ???????????? ?????? ???????????????????? ???????????? ???? ?????????????? ?????? ?????????????? ???????? ???? ?????????????????? ???????? ???????? ?????? ?????? ???????? ?????????? ?????? ?????????????????????? ???? ?????????? ?????? ???? ?????????????? ???? ?????? ?????????????? ???? ?????????????? ????????????? We implore voters to consider the ramifications of putting private equity at the helm of the organization purported to advocate for all anesthesiologists and must not allow those with ties to private equity to hold positions of leadership. cc: Anesthesiology News

In a recent Modern Healthcare article, Coalition for Patient Centered Care member Michael McCaslin describes how medical practices are being destroyed as pe firms squeeze them for money only to plan to sell them off--if they can find a buyer. "You could see the fracturing and possible destruction of some practices due to the ongoing compensation scrape remaining in place with no offset provided with the second bite of the apple," Mr. McCaslin told the publication. https://lnkd.in/dtsVga9z

This past week, CPCC members met with policymakers in Washington, D.C., to give firsthand accounts of the dangers associated with private equity in healthcare. Prioritizing the doctor-patient relationship is critically important to delivering quality care.

Coalition for Patient Centered Care welcomes the passage of CA Bill AB 3129. This is a big step toward full transparency and accountability for private equity investment in healthcare.?CPCC asks Gavin Newsom to sign the bill into law.?We also would like to thank AG Rob Bonta for his leadership on this critical issue. https://lnkd.in/deQrkCfP

The continuing crisis of Steward Health Care and its devastating impact on the communities where it operated is just one example of why Coalition for Patient Centered Care is working so hard to stop private equity takeovers of independent physicians. https://lnkd.in/djk8az-J

We are officially one month out from the deadline to submit comments to the Federal Trade Commission and U.S. Department of Justice inquiry regarding serial acquisitions and roll-up strategies across the U.S. economy. Thank you to the FTC and DOJ for this important inquiry! Coalition for Patient Centered Care proudly submitted a response discussing the harmful effects of private equity acquisitions of independent physician groups. The full comment can be found here: https://lnkd.in/dmrfheba.