A Senate committee has launched an inquiry into three major private-equity firms to determine if their management of hospital emergency departments has negatively impacted patient safety and care. The committee is particularly concerned about aggressive practices such as improper billing and anti-competitive activities. Interviews with over 40 emergency department physicians have revealed significant concerns.
A Senate committee has asked three major private-equity firms for information on how they run or staff hospital emergency departments to see if private equity’s management of a large share of the nation’s ERs has harmed patients. Led by its chairman, Sen. Gary Peters, D.-Mich., the inquiry by the Homeland Security and Governmental Affairs Committee centers on three of the nation’s largest private-equity firms : Apollo Global Management, the Blackstone Group and KKR.
According to the information requests, Peters’ staff conducted interviews with over 40 emergency department physicians who expressed “significant concerns” about patient safety and care resulting from the aggressive practices of private-equity firms in the arena. Those practices include improper billing, retaliation and anti-competitive activities, the committee’s letters to the companies sai
Senate Committee Private-Equity Firms Hospital Emergency Departments Patient Safety Care Aggressive Practices Improper Billing Anti-Competitive Activities
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