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Non-public fairness corporations are more and more shopping for hospitals throughout the US, and after they do, sufferers undergo, in keeping with two separate stories. Particularly, the fairness corporations minimize corners, slash providers, lay off employees, decrease high quality of care, tackle substantial debt, and cut back charity care, resulting in decrease rankings and extra medical errors, the stories collectively discover.
Final week, the monetary watchdog group Non-public Fairness Stakeholder Mission (PESP) launched a report delving into the state of two of the nation’s largest hospital methods, Lifepoint and ScionHealth—each owned by non-public fairness agency Apollo World Administration. By way of these two methods, Apollo runs 220 hospitals in 36 states, using round 75,000 folks.
The report discovered that a few of Apollo’s hospitals have been among the many worst of their respective states, primarily based on a rating by The Lown Institute Hospital Index. The index ranks hospitals and well being methods primarily based on well being fairness, worth, and outcomes, PESP notes. The hospitals even have dismal readmission charges and authorities rankings. The Heart for Medicare and Medicaid Companies (CMS) ranks hospitals on a one-to-five star system, with the nationwide common of three.2 stars total and about 30 p.c of hospitals at two stars or under. Apollo’s total common is 2.eight stars, with practically 40 p.c of hospitals at two stars or under.
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