Patients are more likely to fall, get new infections, or experience other forms of harm during their stay in a hospital after it is acquired by a private equity firm, according to a new study led by researchers at Harvard Medical School.
I don’t know, I’m starting to get the sneaking suspicion that “good” and “profitable” aren’t synonyms. It’s almost as if there is often a financial incentive to make things worse…
Quality, especially in a service like healthcare, often doesn’t mean profit. It’s all about “how low can i make my overhead costs to make my good/service just BARELY passable, then take it one step lower”.
I don’t know, I’m starting to get the sneaking suspicion that “good” and “profitable” aren’t synonyms. It’s almost as if there is often a financial incentive to make things worse…
Right. Like they deliberately make good things into shit. I wish there was a good term for this phenomenon.
Greed.
No, no. Unabashed greed.
No, take it all the way. Fuck the little people to support my unabashed greed.
It’s called “rent seeking.” Even if some ya sci-fi author tried to coin a new term, there is nothing new about this type of behavior.
hmm, if we follow the example like “desertification”, how about “shittification”?
They’re polar opposites.
Maybe one day there will be politicians with the balls to actually do something about it.
Quality, especially in a service like healthcare, often doesn’t mean profit. It’s all about “how low can i make my overhead costs to make my good/service just BARELY passable, then take it one step lower”.