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The Vultures are Circling

Daniel Paull MD asks whether you think selling your practice to private equity is a good idea. It's not. He explains.

The vultures are circling.

Health insurance companies put a double whammy on physician practices by increasing overhead related to billing, and by decreasing reimbursements.

Getting squeezed on both ends is causing some of these privately owned physician practices to become insolvent and forcing them to sell.

Who to sell to? If you are selling your physician owned practice you can either sell to one of the local hospital systems, the large insurance company owned practice, join the supergroup, or private equity.

Whichever you choose, it doesn’t really matter. You will be reduced to a number. Your patients will be commoditized. You will be commoditized.

 

Whichever you choose, it doesn't really matter. You will be reduced to a number. Your patients will be commoditized. You will be commoditized. #privatepractice Click To Tweet

 

You are letting the business people run your life, and that is how we got into this mess in the first place. At the very least, they need to work for you, not the other way around.

A special note about private equity.

Many docs are selling to private equity to stick it to the hospital systems.

Private equity will stick to that narrative because they know they will have success with it.

 

You are letting the business people run your life, and that is how we got into this mess in the first place. At the very least, they need to work for you, not the other way around. Click To Tweet

 

They (private equity) only care about money, nothing else, that is why they exist. Anything otherwise is untruthful.

Literal deal with the devil.

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