|
|
|
|
|
by aaavl2821
3035 days ago
|
|
The issue with hospitals controlling healthcare is that they are the group with the least incentive to lower the cost of care Hospitals account for the largest chunk of healthcare spend (30%). Hospitals make money by increasing inpatient admissions, particularly for profitable surgeries. The standardization of care in hospitals is intended to maximize profit under the constraints of various regulations around readmissions penalties, reimbursement limited length of stay, etc. If you look at the financials of public hospital companies like HCA and Community Health and Tenet, their major metrics are growth in admissions and surgeries. Even non profit hospitals are driven by this The expansion of hospitals into owning tons of formerly independent specialist and generalist physicians is scary. Once in a hospital's system, these physicians act as loss leaders funneling patients into the hospitals profit center Having hospitals in charge of the healthcare system is like having a fox in charge of the proverbial chicken coop |
|