Is Corporate Medicine the Same as Used Car Lots?
Douglas Farrago MD
Medical Doctor (retired). Expert in the area of Physician Retention. Keynote speaker. DPC advocate and author of three books on this topic.
We are seeing CPOM (Corporate Practice of Medicine) all over the place. Why? Money. Private Equity has venture capitalists excited that they somehow can 10x the profits in medicine. Can they? No. Well, not without destroying the practice of medicine and putting patients at risk. Doctors are critical for patients. Doctors and their care is what's needed. Not this.
Better Call Paul Medical Clinics are examples of what's happening. Is it real? That's for you to decide.
Here are some articles to peruse:
And this:
"Over the past decade, private equity investment in physician services has emerged as a driving trend toward the?financialization?of health care, with investors mining health services organizations to extract wealth." (https://corpgov.law.harvard.edu/2023/04/19/private-equity-and-the-corporatization-of-health-care/)
This is a far cry from a local hospital employing doctors. This is a money grab with no sympathy for the physicians or the patients. It's about buying up doctors and their practices, exploiting loopholes, holding physicians hostages, and controlling the market. The end game is to burn the system down in the name of profit.
Here's Paul's system:
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Doctor burnout is skyrocketing but no one cares. A doctor kills himself or herself each day in this country. What's not helping is that hospitals are selling out by using Corporate Medicine to staff their hospitals and those places hire anyone who has a stethoscope. This is another way NOT to retain physicians. And it's all a scam. These used car salesmen, like Paul, need to be stopped.
I would love your thoughts. Until this is fixed there will be more Better Call Paul Medical Clinics and Staffing Services. Oh, and more commercials. More of these videos can be found here:
Thanks for reading.
Great perspectives than need a remedies soon than later. If not confusion, lack of trust , patient safety issues , etc will become front and center and health care fire will be out of control !!