Workweek September 30, 2023
Once upon a time—way before my time, but perhaps in your time—physicians used to make home visits. If they couldn’t see you in your home, you’d go to their private practice, where you knew the entire staff well, and they knew you.
Since that time, medical care has become extraordinarily corporatized. Payers, major retailers, and private equity have invested billions of dollars into medical care through acquisitions of physician groups and medical startups.
In this article, I’ll highlight the state of corporate American healthcare, discuss how we got here, and tell you why corporatization of healthcare is a double-edge sword.
DR. OPTUM, DR. CVS, AND DR. PRIVATE EQUITY
The pandemic catalyzed the corporation of American healthcare. There was an 86%...
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