Sutter Health’s Post

Great to be a part of this innovative vertical expansion involving a transfer structure to reposition an improved column grid for the upper levels. #structurethatshapes https://lnkd.in/g9cAZz8Z

Joel Freedman's hubris and ineptitude serve as a cautionary tale for VC's continued entry into brick and mortar healthcare systems. #venturecapital #healthcare #healtheconomics Three takeaways: 1. Paladin Healthcare Capital, a private equity firm controlled by investor Joel Freedman, purchased Hahnemann Hospital and built in protections to protect the hospital real estate from bankruptcy. Don't be blind to the fact that healthcare acquisitions are not just healthcare deals, they may also be real estate deals hiding in plain site. 2. When the closing of Hahnemann Hospital became inevitable, you can truly see where the values of Joel Freedman and Paladin were aligned as they sacrificed patient care and disregarded laws put in place to protect patients and communities during hospital closures. 3. Most terrifying is Joel Freedman's quote that shows his lack of awareness relating to the debacle:  “I would like to go back to working in health care someday. I have a lot of knowledge. I’ve seen a lot of bad things. Unfortunately, the solutions demand a lot of capital.” https://lnkd.in/gRYyN_Uh

Our Primary Care Services Director, Lynn Moffat was up bright and early this morning getting ready for the Northants LMC Practice Managers Day today. She's here to showcase how our eMR+ service is helping to streamline the Primary Care sector. Having already had a number of positive conversations this morning, Lynn is looking forward to continue meeting Practice Managers and discuss how eMR+ can streamline processes within their practice. Come down and meet Lynn! She'd be more than happy to have a chat! #primarycare #digitaltransformation #practicemanagers

Very exciting step for the AllaraCare Team and the organizations mission. Bring back the focus on primary care. 80% of downhill healthcare costs can be avoided with proactive primary care interactions..this is a great step in continuing the mission of forward facing primary care. AllaraCare #innovation #primarycare

A study of hospitals acquired by private equity from 2005 to 2017 found that, on average, private equity acquisition increased total charges per inpatient day by $407 (or 7%) and increased emergency department charge-to-cost ratios by 16 percent, compared to matched non private equity acquired hospitals. Read more here: https://bit.ly/4aLxU2Q

In today's morning session "Using a Value-Based Enterprise to integrate specialist and primary care physicians" Mike Segal, Ed White, Bill Nordmark, and Andrew Chang bring awareness to the ways in which this program aligns value based care activities and the protections it offers. Business of Primary Care RISE #risevbc24 #valuebasedcareenterprise #VBE #Primarycare #Internalmedicine #familymedicine A big takeaway for me: If you do not start contracting specialists downstream, then others will

Thrilled to share insights from Issue 2 of CMSA Today! Check out "The Day Everything Changed" by Shelley O'Brien, LICSW, CCM: 🔗https://lnkd.in/eBECRDfd Discover how Kaiser Permanente of Washington, winner of the 2022 CMSA Foundation Process Improvement Award, transformed inpatient case management during the pandemic, improving patient outcomes and staff stability. Read, comment and share to continue the conversation! #CMSA #CMSAFoundation #PandemicHealthcare #ProcessImprovement #CaseManagement #CMSAToday

seeking information about how their dealings in the healthcare space impact patient care. "The American people deserve to understand the role that PE [private equity] firms play — and any potential resulting negative financial or patient care impacts — in the delivery of their health care," wrote the senators, who lead the Senate Budget Committee. As part of the inquiry, the senators are also seeking information related to certain transactions that were the focus of a recent CBS News investigation into the collapse of hospitals serving some of America's most vulnerable residents. "As private equity has moved into health care, we have become increasingly concerned about the associated negative outcomes for patients," Whitehouse said in a statement to CBS News. "From facility closures to compromised care, it's now a familiar story: private equity buys out a hospital, saddles it with debt, and then reduces operating costs by cutting services and staff — all while investors pocket millions. Before the dust settles, the private equity firm sells and leaves town, leaving communities to pick up the pieces." The pair of senators wrote to the heads of two firms — Prospect Medical Holdings and Medical Properties Trust — that CBS News found had siphoned hundreds of millions of dollars from hospital operations in Pennsylvania and San Antonio, Texas. Drained of funds, critical care facilities there subsequently shut down. The senators are also seeking information from a third company, Los Angeles-based private equity giant Leonard Green and Partners, which they allege was "deeply intertwined" with the other two firms. With investment from Leonard Green and Partners, Prospect Medical Holdings rapidly grew from owning five Los Angeles-based hospitals in 2010, to 20 hospitals in six states by 2018. Five of those hospitals have since closed, including the century-old Delaware County Memorial Hospital in suburban Philadelphia. Last November, Pennsylvania's Health Department shut the hospital down after learning it was inadequately staffed by Prospect Medical Holdings. https://lnkd.in/d8ckx_ii

seeking information about how their dealings in the healthcare space impact patient care. "The American people deserve to understand the role that PE [private equity] firms play — and any potential resulting negative financial or patient care impacts — in the delivery of their health care," wrote the senators, who lead the Senate Budget Committee. As part of the inquiry, the senators are also seeking information related to certain transactions that were the focus of a recent CBS News investigation into the collapse of hospitals serving some of America's most vulnerable residents. "As private equity has moved into health care, we have become increasingly concerned about the associated negative outcomes for patients," Whitehouse said in a statement to CBS News. "From facility closures to compromised care, it's now a familiar story: private equity buys out a hospital, saddles it with debt, and then reduces operating costs by cutting services and staff — all while investors pocket millions. Before the dust settles, the private equity firm sells and leaves town, leaving communities to pick up the pieces." The pair of senators wrote to the heads of two firms — Prospect Medical Holdings and Medical Properties Trust — that CBS News found had siphoned hundreds of millions of dollars from hospital operations in Pennsylvania and San Antonio, Texas. Drained of funds, critical care facilities there subsequently shut down. The senators are also seeking information from a third company, Los Angeles-based private equity giant Leonard Green and Partners, which they allege was "deeply intertwined" with the other two firms. With investment from Leonard Green and Partners, Prospect Medical Holdings rapidly grew from owning five Los Angeles-based hospitals in 2010, to 20 hospitals in six states by 2018. Five of those hospitals have since closed, including the century-old Delaware County Memorial Hospital in suburban Philadelphia. Last November, Pennsylvania's Health Department shut the hospital down after learning it was inadequately staffed by Prospect Medical Holdings. https://lnkd.in/daimxzW8

When hospitalists are delivering care to patients, the last thing they should be thinking about are guidelines or expectations set by outside stakeholders. That's why owning how you practice matters. Every physician ownership model is not built the same. Our physician ownership gives us the freedom to put the patient first and focus on delivering compassionate care when it's needed most. Hear from one of our hospitalist leaders, Payton McGowen Hoffner, on why she loves being an owner. Take ownership of your practice and career. #PhysicianOwnership #HospitalMedicine #SHM