Yep. I’ve heard from several former and retired Doctor and nurses who worked for previously well regarded local/Regional Nursing Homes and Hospitals that were previously owned either by smaller local companies or private local holding firms. And were later bought out by Private Equity and National Holding Companies under at least in their words Hostile takeovers and or suspicious circumstances. And went down the toilet in terms of quality
They went from prioritizing the Health and Safety of Patients and Staff. And ensuring they were only attracting and hiring the best via attractive benefits packages.
To slashing staffing numbers, slashing benefits packages, and prioritizing providing expensive difficult/dangerous procedures. Without exhausting other all other potential safer and cheaper options as far as patient treatment went. Supposedly one of the local Nursing Homes that got bought up, at least according to the nurse I spoke to, went as far as employing an actual Herbalist to experiment with Herbal remedies for Residents. As opposed to using pharmaceuticals for every health problem. People with ethical concerns on the change were let go by the companys.
It’s a reoccurring theme. Across the Medical Field. And really Economy in general. Companies that are content with modest profits and seek to prioritize the wellbeing of the average person and are actually amazing places to work. Are bought out by a giant corporation/Private Equity Firm.
And are either run into the ground deliberately so the Firm can make more money on parsing out it’s assets. Or become horrendous places where the dollar is king and people, both employees and the public, are just numbers on spreadsheets to be used and thrown away. In pursuit of making numbers on a chart go up as quickly as possible as soon as possible. Even at the cost of long term company health.
It’s all about profits not a patient’s health/wellness, it seems.
Yep. I’ve heard from several former and retired Doctor and nurses who worked for previously well regarded local/Regional Nursing Homes and Hospitals that were previously owned either by smaller local companies or private local holding firms. And were later bought out by Private Equity and National Holding Companies under at least in their words Hostile takeovers and or suspicious circumstances. And went down the toilet in terms of quality
They went from prioritizing the Health and Safety of Patients and Staff. And ensuring they were only attracting and hiring the best via attractive benefits packages.
To slashing staffing numbers, slashing benefits packages, and prioritizing providing expensive difficult/dangerous procedures. Without exhausting other all other potential safer and cheaper options as far as patient treatment went. Supposedly one of the local Nursing Homes that got bought up, at least according to the nurse I spoke to, went as far as employing an actual Herbalist to experiment with Herbal remedies for Residents. As opposed to using pharmaceuticals for every health problem. People with ethical concerns on the change were let go by the companys.
It’s a reoccurring theme. Across the Medical Field. And really Economy in general. Companies that are content with modest profits and seek to prioritize the wellbeing of the average person and are actually amazing places to work. Are bought out by a giant corporation/Private Equity Firm.
And are either run into the ground deliberately so the Firm can make more money on parsing out it’s assets. Or become horrendous places where the dollar is king and people, both employees and the public, are just numbers on spreadsheets to be used and thrown away. In pursuit of making numbers on a chart go up as quickly as possible as soon as possible. Even at the cost of long term company health.