Fri. May 3rd, 2024

Private Equity firms love dabbling in healthcare. Actually, they are starting to take it over. They buy hospitals and close them because they make more money on the real estate. Or they initiate massive mergers and start cutting appropriate staff. They are part of the dreaded 3rd parties that Vance Lassey, MD talked about in his blog series on there.

If you are in the system, there is a good chance that these Private Equity firms and large corporations will affect you. Here is a new article that just came out:

There’s More Clinician Replacement at Practices Acquired by Private Equity — These practices also saw increases in advanced practice providers versus those not acquired

YOU ARE GOING TO BE REPLACED FOR CHEAPER LABOR!

Why am I writing this in a DPC-centric blog? Private Equity firms, big corporations, and VC money are starting to fall in love with Direct Primary Care. Well, not real DPC but DINOs (DPC in name only). Many will start out with doctors at their offices but eventually, the same thing will happen.

YOU ARE GOING TO BE REPLACED FOR CHEAPER LABOR!

Open your own Direct Primary Care office. Don’t be fooled by the big corporations who may tempt you with false promises.

YOU HAVE BEEN WARNED.

160400cookie-checkPrivate Equity is Bad for Healthcare and It Is Even Worse If You’re a Doctor
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By Douglas Farrago, MD

Douglas Farrago MD is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Douglas Farrago, MD received his Bachelor of Science from the University of Virginia in 1987, his Masters of Education degree in the area of Exercise Science from the University of Houston in 1990, and his Medical Degree from the University of Texas at Houston in 1994. His residency training occurred way up north at the Eastern Maine Medical Center in Bangor, Maine. In his final year, he was elected Chief Resident by his peers. Dr. Farrago has practiced family medicine for twenty-three years, first in Auburn, Maine and now in Forest, Virginia. He founded Forest Direct Primary Care in 2014, which quickly filled in 18 months. Dr. Farrago still blogs every day on his website Authenticmedicine.com and lectures worldwide about the present crisis in our healthcare system and the effect it has on the doctor-patient relationship. Dr. Farrago’s has written three books on direct primary care: The Official Guide to Starting Your Own Direct Primary Care Practice, The Direct Primary Care Doctor’s Daily Motivational Journal and Slowing the Churn in Direct Primary Care (While Also Keeping Your Sanity) are all best sellers in this genre. He is a leading expert in direct primary care model and lectures medical students, residents, and doctors on how to start their own DPC practice. He retired from clinical medicine in October, 2020.

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