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Firing of Whistleblowing Emergency Room Doctor Ming Lin By Blackstone-Owned TeamHealth Demonstrates Outsized Role of Private Equity in Hospital Staffing — Yves Smith

Summary:
However, the furor over the mistreatment of Dr. Lin did largely manage to skip over the question of how TeamHealth [owned by Blackstone] is even legally in the position to effectively provide hospital services when they are not licensed to do so. Several groups protested Dr. Lin’s ouster and one, the American Academy of Emergency Medicine, focused squarely on this issue. Similar to insurance companies approving and denying care prescribed by physicians. Screwing with provision is one thing but practicing medicine without a license is another.WTF?Naked Capitalism Firing of Whistleblowing Emergency Room Doctor Ming Lin By Blackstone-Owned TeamHealth Demonstrates Outsized Role of Private Equity in Hospital Staffing Yves Smith

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However, the furor over the mistreatment of Dr. Lin did largely manage to skip over the question of how TeamHealth [owned by Blackstone] is even legally in the position to effectively provide hospital services when they are not licensed to do so. Several groups protested Dr. Lin’s ouster and one, the American Academy of Emergency Medicine, focused squarely on this issue.
Similar to insurance companies approving and denying care prescribed by physicians. Screwing with provision is one thing but practicing medicine without a license is another.

WTF?

Naked Capitalism
Firing of Whistleblowing Emergency Room Doctor Ming Lin By Blackstone-Owned TeamHealth Demonstrates Outsized Role of Private Equity in Hospital Staffing

Yves Smith
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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