Patients are more likely to fall, get new infections, or experience other forms of harm during their stay in a hospital after it is acquired by a private equity firm, according to a new study led by researchers at Harvard Medical School.
I don’t know, I’m starting to get the sneaking suspicion that “good” and “profitable” aren’t synonyms. It’s almost as if there is often a financial incentive to make things worse…
Quality, especially in a service like healthcare, often doesn’t mean profit. It’s all about “how low can i make my overhead costs to make my good/service just BARELY passable, then take it one step lower”.
I don’t know, I’m starting to get the sneaking suspicion that “good” and “profitable” aren’t synonyms. It’s almost as if there is often a financial incentive to make things worse…
Quality, especially in a service like healthcare, often doesn’t mean profit. It’s all about “how low can i make my overhead costs to make my good/service just BARELY passable, then take it one step lower”.
They’re polar opposites.
Maybe one day there will be politicians with the balls to actually do something about it.