Joe Young
289 posts

Joe Young
@luckbeatsme
Emergency Medicine Physician
Frisco, TX Katılım Kasım 2013
309 Takip Edilen184 Takipçiler
Joe Young retweetledi

The #privateequity #healthcare playbook:
Step 1: Woo groups with promises of efficiency, innovation, cash injection, growth, and the negotiating power of consolidation (against insurers, etc.)
Step 2: Laden group with massive, expensive debt as part of the “cash injection” to “grow”
Step 3: Start the 3-5 year race to the bottom to the next private equity sale or flip. Stick the group with even more debt as you “grow” them through bad acquisitions and expensive executives. Slash core operations and “costs” (ahem, physician workforce…) in the name of streamlining “efficiency”. Overbill patients as a revenue model. Don’t care about anything but P&L’s and valuations.
Step 4: Realize you’re hemorrhaging and the group will never recover from the debt burden. Try to merge or be acquired early. When no one will fall for it, DNR the group, and exit ASAP with bankruptcy protections or just exit, leaving doctors, patients, and hospitals scrambling.
This is playing out now with Envision and APP — but it’s not just emergency medicine. We (EM) are living it now, but Radiology, Anesthesiology, Pathology — the same is coming…
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@PhilNoLimits I remember watching this happen to my brother. He grew from it and got revenge on that kid by beating him fair and square at another tournament. Brother ended up playing d1 at UF. Sucks but he will grow from it
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Joe Young retweetledi

The math: Year over year, the $/RVU conversion rate set by CMS has decreased.
We are set to be almost 10% less since 2020 with CMS’ most recently announced proposal for 2024. With the ~17% inflation since then, this puts us at total 23% decrease.😡
in2013dollars.com/us/inflation/2…
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Joe Young retweetledi

Legend
There will never be another Doyle Brunson
Doyle was @RadioAmanda favorite player by a mile
He will be missed by many, the Godfather of Poker
#RIPDoyle




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Joe Young retweetledi

Let’s not forget, the @cmsgov $/RVU conversion has decreased reimbursement universally every year since 2020. 6% cut in reimbursement through a pandemic…in an economic setting of 4.5% inflation. How does that make sense to have over a 10% pay cut for our “healthcare heroes”? 🤨@AmerMedicalAssn @AMPAConline @ACEPAdvocacy

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Met @DougPolkVids Sunday at Mavs vs Lakers halftime and today, making first trip to the Lodge for the main! Let’s go!!
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Joe Young retweetledi

Our collegial culture, emphasizing education, research, and continuous learning, ensures clinicians always have access to the resources they need to improve their quality of care.
ies.healthcare/physicians/
#IES #IEShealthcare #EmergencyMedicine #MedicalEducation
@luckbeatsme

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Joe Young retweetledi

@luckbeatsme You too man, think I’m gonna try and make a trip for fall 23’ for a cowboys game and see Austin as well. Will def hit you guys up if I’m in town.
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Joe Young retweetledi

IES is proud to offer a 2-year Administrative Fellowship is designed to give Fellows the tools and resources to be actively involved and gain a concise understanding of the critical areas within the Emergency Department.
lnkd.in/eW38Nup6
#IEShealthcare #IESFellowships

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Joe Young retweetledi

Big props to @luckbeatsme Chief of Emergency Medicine who has been on front lines serving patients throughout largest medical center in 🌎#COVID19 @StLukesHealthTX #WintheDay 🎯 🧬

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@Jake963333 @ACR_POKER Ehhh 9th. Shoved 22bb with AJ in SB, called by BB with QJ and he flops two queens
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I’m on the Final Table of the @ACR_POKER $1 milli guarantee! Let’s go!
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What a class act! Super proud of one of my best friends!
Jeff Platt@jeffplatt
End of the road for our ER Physician, Ron Jensen, on Day 6 of The Main:
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