How to Ace Your Private Equity Interview

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Dr. Glaucomflecken

Dr. Glaucomflecken

Күн бұрын

Barty Banks is having trouble with recruitment

Пікірлер: 653
@DGlaucomflecken
@DGlaucomflecken Жыл бұрын
If you’re wondering why you don’t hear more about private equity from physicians, it’s because some of them receive significant financial gain from selling to PE and the ones who don’t, the doctors who have to work as an employee under PE, are contractually prohibited from speaking out against ole Barty Banks. It’s really bad.
@thewhitewolf58
@thewhitewolf58 Жыл бұрын
That why the medical costs are so high?
@SamianHQuazi
@SamianHQuazi Жыл бұрын
What about physicians who don't agree with mask or COVID vaccine mandates? The media crucifies them for even daring to speak their opinion because they're ostensibly "against science". But science involves the process of constant criticism of established orthodoxies and refinements for better outcomes overall. Scientific healthcare professionals aren't out to deify, but always question and critique.
@android199ios25
@android199ios25 Жыл бұрын
Can you blame people for wanting to earn some money? I think it is jelousy speaking, you'd rather be Banks but don't have a bank account for it.
@raisedincalifornia1828
@raisedincalifornia1828 Жыл бұрын
What do you recommend to combat private equity involvement in healthcare?
@DGlaucomflecken
@DGlaucomflecken Жыл бұрын
@@android199ios25I don’t blame them, people will do what they need to do to take care of themselves and their families, but those decisions have consequences for patient care
@RafaelMonteiroMaia
@RafaelMonteiroMaia Жыл бұрын
No character in the Glaucomverse has a more punchable face than Bartholomew Banks. Which is funny, because he has the same face as every other character.
@emphasis20
@emphasis20 Жыл бұрын
I can smell the cologne and arrogance through the screen.
@azaankhan5495
@azaankhan5495 Жыл бұрын
Seems like a Draco Malfoy kinda guy - gets even slightly offended "OH, MY LAWYER OUTTA HERE ABOUT THIS!"
@maggiedhue9349
@maggiedhue9349 Жыл бұрын
​@@emphasis20Even his photos ooze snake oil from the frames.
@cruz5511
@cruz5511 Жыл бұрын
Idea: sell a BB punching bag paired with a Jonathan nodding figurine; J figurine automatically nods every time BB is punched. 🤣
@NorseForse
@NorseForse Жыл бұрын
@@maggiedhue9349Which is coincidentally what he slicks his hair back with.
@neuralnetwork17
@neuralnetwork17 Жыл бұрын
"Hey mom! I totally aced that interview." "That's great honey. So you got the job?" "Nah, bolted out the door. They're not getting my soul today!"
@rogacz25
@rogacz25 Жыл бұрын
I interviewed with a private equity group, and the physicians interviewing me had the same "Get Out" vibes. When one of them offered to put in a good word for me with a non-private equity group in the area, one of the corporate recruiters instantly entered the room and sat in on the remainder of the interview. It was apparent she had been eavesdropping. I just hope that doc didn't get in too much trouble. Needless to say I did not take that job.
@teslaromans1023
@teslaromans1023 Жыл бұрын
What the fuck what the fuck what the fuck
@hx5525
@hx5525 Жыл бұрын
Now that’s horrifying, you think the recruiter had something set up in the room or did she really put her ear on the door for your interview xd
@bcx1138
@bcx1138 Жыл бұрын
Oh good lord. We’re all doomed aren’t we?
@monsieurdorgat6864
@monsieurdorgat6864 Жыл бұрын
Good thing we live in a free country /s Definitely not corporate pawns.
@williamchamberlain2263
@williamchamberlain2263 Жыл бұрын
The land of the free
@Gymmmy8
@Gymmmy8 Жыл бұрын
I'm and MBA student, and I have a few colleagues looking into PE. Very proud of my accounting prof who, in a required class, called our private equity for "sucking the life" out of what they buy and "hollowing out" the workforce. The finance bros were so shell shocked it was incredible.
@ae3qe27u3
@ae3qe27u3 Жыл бұрын
Reminds me of what I like to call the "Costco Effect." People want to optimize Costco, to pay the workers less, increase prices, and trim the fat. The thing is, people go to Costco because the people who work there are happy to work there and because the prices are good. If you incrementally make it a worse place to be, people won't want to go there. Instead of looking at next-quarter gains, look at multi-year continued success. It's healthier for all.
@seanheath4492
@seanheath4492 Жыл бұрын
@@ae3qe27u3 That would require that they actually care about the long-term prospects of the business and not just getting as much profit as fast as possible and getting out before the whole thing collapses.
@sevenseas4520
@sevenseas4520 Жыл бұрын
I just finished my MBA last month, and my M&A professor ripped into PE. I work in PE all my colleagues are finance bros, and I 110% take my professor’s side Private equity IS soul sucking
@KaitAC
@KaitAC Жыл бұрын
I'll be done my MBA in a month. These learnings plus medical school have my brain in knots of conflict and confusion.
@ghosthunter0950
@ghosthunter0950 Жыл бұрын
As a software engineer I too despise the finance bros. You can only imagine how terrible their technically inept ideas are. At least I don't have to deal with the most morally bankrupt among them though, but I feel for the poor hospital professionals. I only have to deal with finance bros running with as much direction about technology as chickens without their heads and that's terrible already.
@loveli420
@loveli420 Жыл бұрын
I'd love to see a face off between Jonathan and Bartholomew Banks.
@AznJsn82091
@AznJsn82091 Жыл бұрын
Bartholomew Banks will sell everything to Jonathan
@loveli420
@loveli420 Жыл бұрын
@@AznJsn82091 I just need to see Banks break under Jonathan's holy gaze.
@tscimb
@tscimb Жыл бұрын
​@@AznJsn82091jfc, don't we all wish.
@juliejanesmith57
@juliejanesmith57 Жыл бұрын
I want to see Banks wheeled into his own “investment” with locked in syndrome and no ID, treated just like he demands patients who can’t afford treatment are treated.
@Ryokaia
@Ryokaia Жыл бұрын
Lol I foresee the first head shake from Jonathan
@SMJCMKA
@SMJCMKA Жыл бұрын
Dr G..you are great for making these straight shooting videos aimed at the corrupt and heartless corporations.
@chasedooley6237
@chasedooley6237 Жыл бұрын
It would be a tragic shame if Mr. Bank's yacht suddenly became a submarine in the middle of the Caribbean.
@seileach67
@seileach67 Жыл бұрын
"Here orca orca orca"
@BirchMonkey857
@BirchMonkey857 Жыл бұрын
In international waters... with a mysteriously unregistered ship nearby that had absolutely nothing to do with it... and was miraculously able to save only the lives of the working-class staff... such a tragic hypothetical event.
@joanhoffman3702
@joanhoffman3702 Жыл бұрын
@@BirchMonkey857 Tragic, so tragic. I do hope their bodies don’t poison the fish. 😂😂😂😂
@IsyAweigh
@IsyAweigh Жыл бұрын
"It imploded." ...Too soon?
@lambentlamprey
@lambentlamprey Жыл бұрын
@@IsyAweigh Never 😂
@cphilips502
@cphilips502 Жыл бұрын
I actually felt relieved at the end of this video that Interview Bro managed to keep his soul.
@tscimb
@tscimb Жыл бұрын
Maybe he hasn't gotten his first Student Loan Repayment bill yet. Stay Strong, Interview Bro!!
@sweetgrasshopper
@sweetgrasshopper Жыл бұрын
Interview Bro ❤
@michelleponzio
@michelleponzio Жыл бұрын
I went through this with my doc (medical assistant). He was private practice internal medicine, sold to Kennedy, which was bought out by one corporation, which was then in turn bought out by another. Corporate Healthcare is such a nightmare 😫
@ItBePatYo
@ItBePatYo Жыл бұрын
I was wondering when Barty Banks was going to make a comeback! Great video, doc!
@stevendoyel
@stevendoyel Жыл бұрын
Imagine if the medical errors and bad outcomes impacted the finances of private equities? Instead of the burden of risk on the physicians.
@bcx1138
@bcx1138 Жыл бұрын
Problem is that denying paying for care (which cause said bad pt outcomes) is PROFITABLE for these ppl. 😢
@lijohnyoutube101
@lijohnyoutube101 Жыл бұрын
Imagine if doctors weren’t so drained from burnout that they actually had the will to fight against the systemic inferiority of the care and get a reminder that the medical errors and bad outcomes impact the patients most of all. The medical community general acceptance and apathy and total disconnect from the actual delivered product is just as bad of a mentality as the private equities.
@hongo9111
@hongo9111 Жыл бұрын
@@lijohnyoutube101 Private equities don't do this out of a mentality though. They're doing it because thats literally what the system calls for, its in their nature as a business offering a service to make as much profit as they can. The medical community need to work to survive, I dont think theres much they can do to address private equities.
@lijohnyoutube101
@lijohnyoutube101 Жыл бұрын
@@hongo9111 absolutely it’s a business model I COULD not agree more…but it’s a business model BECAUSE that mentality is allowed to exist. The business exists because it provides benefits for some in the way of profits. If the mentality wasn’t accepted people wouldn’t work there, regulations would exist to cease activities that actively cause harm, etc etc Evil exists in trillions of ways in our society and monsters justify, and the weak benefit and turn the other cheek and few with power raise their voices as having power often is obtained from a balance of control and not rocking the boat. What exists in a society is what happens because we all allow it to exist.
@ValleyOakPaper
@ValleyOakPaper Жыл бұрын
Nah, PE is all about privatizing profits and socializing losses.
@ArmchairDeity
@ArmchairDeity Жыл бұрын
I love these “insights into the reality of commercial medicine” videos you do. I’ve watched dozens if not hundreds of your vids and I remember aspects of them, the characters, the humor… but the one I remember best and most entirely is a doc trying to get a procedure approved from the insurance call center… what’s sad is that as funny as they are, they don’t detract from the truth of the thing: Our medical care, insurance, regulatory, and pharma systems are ALL so fucked up we may never be able to fix them… and that’s heartbreaking. 💔
@leadpaintchips9461
@leadpaintchips9461 Жыл бұрын
We would be able to fix them, it's just we need regulations to stop the greed, and that's not going to happen.
@leadpaintchips9461
@leadpaintchips9461 Жыл бұрын
@@Birdsong-A I agree with that statement completely, but the people who would be setting those regulations are controlled by greed. We could fix it, it's not broken beyond repair. The people who's job is to fix it are the ones broken.
@zzane4677
@zzane4677 Жыл бұрын
Every attempt in the past two decades was killed in house committees, there will likely be more progressive people in office in the next few cycles so we might be able to have serious chances soon
@natalies8498
@natalies8498 Жыл бұрын
Will not lie, as a resident, one of the dreaded things we have to do some times is call insurance companies - especially when we're pretty sure a high risk patient may not be able to do it themselves. One of my proudest moments remains getting PA for a VERY NECESSARY med for a patient about to be discharged from the hospital in the evening. It meant staying late, but getting that "ok" from the insurance rep gave me peace of mind that night that was priceless.
@ArmchairDeity
@ArmchairDeity Жыл бұрын
@@Birdsong-A you just said exactly the same thing they said… we need regs to manage corporate greed and price gouging. I’m confused what you’re taking issue with… you seem to be in full agreement with each other.
@caitlinvannatten1952
@caitlinvannatten1952 Жыл бұрын
Thank you for shining light on the greed that has infiltrated HC. No human was born wanting financial ruin from a surprise medical condition. It is unethical to literally bleed people dry. I believe that if we keep shining light on this matter (ESPECIALLY AS MORE BOOMERS ENTER HC FACILITIES); people will see the need for reform.
@Hope-rh8bi
@Hope-rh8bi Жыл бұрын
Omg I relate so much to this. Im 🤏this close to quitting my job because of this same reason. The peoples lives we save.. the look in their eyes when they see the final bill.. knowing they may have nothing to go back to.... haunts me.. literally haunts.
@suemilkbone4868
@suemilkbone4868 Жыл бұрын
It sucks the soul right out of you, doesn't it? 😢
@nancylindsay4255
@nancylindsay4255 Жыл бұрын
There is so much good you can do in another role. Best wishes to you!
@norniea
@norniea Жыл бұрын
You get it so right, every single time. Genius! Thanks for all you do!❤
@jholmes3329
@jholmes3329 Жыл бұрын
What frustrates me the most is how easy we could fix it if our lawmakers cared
@suemilkbone4868
@suemilkbone4868 Жыл бұрын
Unfortunately, they don't because they do not receive the low quality care that the common folk get...so why do they care?
@QuickdrawMcGraw360
@QuickdrawMcGraw360 Жыл бұрын
The lawmakers can't hear the sound of their consciences over the whirring of their yacht engines...
@christinefischer2137
@christinefischer2137 Жыл бұрын
If they would care they would not be in the positions of the lawmakers.
@lijohnyoutube101
@lijohnyoutube101 Жыл бұрын
Lawmakers care about what gets them reelection wins. If they don’t get reelected they can’t do anything at all. Lawmakers with few exceptions . Want something to get changed… get people to care. Also politics is a very very deep topic with vast complexity and rather than studying and understanding it many are brainwashed to hate it and write it off instead to become educated and wade in to play. Also we tell great lies in this society as to the general cognitive functioning of adults. Approximately 25 percent of adults in the US aren’t literate or understand basic problem analysis beyond 3rd grade level with some somewhat small variation from state to state in the data and the given nature of a particular study. We pretend to walk among mostly stable adults with decent reasoning skills but it’s sadly far from true.
@lijohnyoutube101
@lijohnyoutube101 Жыл бұрын
@@christinefischer2137I don’t agree with that for the majority.
@dannyash3805
@dannyash3805 Жыл бұрын
As a doc and PNHP member I'm so thrilled to see you use your platform to put out these messages! People need to see how bad things are. Hopefully they will vote change!
@Fishtoeify
@Fishtoeify Жыл бұрын
You are literally the only channel I watch every, single, video from. Gold every time
@Birdsong-A
@Birdsong-A Жыл бұрын
We need greed out of the equation to preempt those who prioritize wealth over health. Thank you for shining a light on inequities so we can fix our system.
@android12921
@android12921 Жыл бұрын
Please look after yourself. You speak unspeakable truths!!!❤
@sylv_ain
@sylv_ain Жыл бұрын
This eye doctor is unstoppable. Taking on Goliath just by himself
@violetf.2025
@violetf.2025 Жыл бұрын
I'm from Germany 🇩🇪 and our healthcare system really isn't perfect, but this makes me wanna cry 😢. Guys, I hope one day you all have universal healthcare. You deserve it 😘. Much love ❤
@Birdsong-A
@Birdsong-A Жыл бұрын
Thank you ! Your system is a good example of what works for ALL.
@julesk1567
@julesk1567 Жыл бұрын
@@Birdsong-Aour system recently allowed private equity to buy/run doctor‘s practices. so, the GP around the corner might work for PE. clearly taking away the wrong lessons from the US.
@1tubax
@1tubax Жыл бұрын
@@julesk1567only in berlin. berlin doesn’t belong to germany
@MythicFox
@MythicFox Жыл бұрын
@@julesk1567The problem is that any government system is going to be run by people, and there's a percentage of humanity who can always be bought, even if it means leaving the people they ostensibly serve vulnerable to financial predation.
@timowagner1329
@timowagner1329 Жыл бұрын
@@julesk1567 yes, but we also had private hospitals for a long time. I absolutely believe that hospitals should be municipally run, but the private hospitals are not running amok. They negotiate their payments with the association of public health insurance and _they_ have a strong hand.
@richmahogany1
@richmahogany1 Жыл бұрын
This is your best kind of content. Getting the message out to the younger generations who can hopefully bring change.
@DoctorB33
@DoctorB33 Жыл бұрын
I am from Canada, just started a residency in an American program. The very 1st lecture we had during orientation was about proper charting to ensure "maximum billing." All tests and diagnostic procedures in EPIC have price tags, and costs are horrendous. A pelvic ultrasound is over 5K, although one could get a CT scan with reading in another state for $250. Some attendings are cognizant about a possible financial burden for a patient, but some care only about "maximum billing." It is hard to process.
@kitsunekaze93
@kitsunekaze93 Жыл бұрын
thats where unregulated extreme capitalism takes you... unless people have ethics, everything will become for-profit only
@fitchick80
@fitchick80 Жыл бұрын
I spent 1 year being instructed to risk my PA license, and more importantly patient safety, working with a company that was acquired by a private equity firm while I was in contracting/credentialing. I did what I could to speak up and do right by my patients and resigned with my soul mostly intact the day my contract expired. Never. Again.
@IsyAweigh
@IsyAweigh Жыл бұрын
Getting a hard truth across without breaking character or losing the light tone? Frkn genius. Comedy really is the hardest art. Well done, Dr G. And I'm an old ER nurse, so i don't compliment doctors! 😂
@Andrew-pm5bg
@Andrew-pm5bg Жыл бұрын
As a physician, I have seen this first hand. One reason (of the many) that medical care costs so much is that medicine is now run by big corporations.
@sid-
@sid- Жыл бұрын
I am in finance but wanted to be a doc, Your P.E videos are pure gold for me🤣💛
@sierrasky2491
@sierrasky2491 Жыл бұрын
You're one of the first people I've ever seen talk about this openly.
@jessieadair
@jessieadair Жыл бұрын
As I listened, I could feel reactions well up like anger, fear, sadness and, finally, some hope. Thank you, Dr. Glaucomflecken. That was quite a scary trip and well worth the ride.
@The_Cre8r
@The_Cre8r Жыл бұрын
I just have to appreciate the banner at the bottom that says "From a doctor licensed in the US." The best comedy is the closest to the truth, and sir, this is nervous laughter.
@benlowe1701
@benlowe1701 Жыл бұрын
As someone who works in healthcare in Europe.... America. We need to have a chat.
@FulloutPostal
@FulloutPostal Жыл бұрын
please don't, else our financial sectors could get ideas... just look at the uk...
@roahir
@roahir Жыл бұрын
Or Sweden...
@tscimb
@tscimb Жыл бұрын
B**chslap us into sanity, please!!
@JohanWXC
@JohanWXC Жыл бұрын
No, thanks. I'd rather get surgery when I actually need it and have increased chances of cancer survival if the disease ever finds me. Redistributing an out-of-control cost is almost never an effective solution; it only costs the average, tax-paying citizen far more than it should. The first rule of economics is supply and demand. Government invasion of corporations always hampers supply and drives cost increases. Then, the imbecilic leftists resolve to redistribute the problem instead of addressing it. If you want to decrease the costs of healthcare overnight, stop treating everyone who walks into an ED with a jammed toe having no intention whatsoever to compensate highly educated and skilled employees for their time and services.
@ryang2573
@ryang2573 Жыл бұрын
There's nothing inherently wrong with private healthcare. Up until very recently (1970s) it was perfectly affordable but then hospitals started becoming corporatized at the same time the government began imposing one regulatory hurdle after the next, driving up patient care costs. Just like with seemingly every other sector, hospitals are being consolidated into the ownership of fewer and fewer hands which, in turn become more and more distant from their customers/patients. Really, we should be looking to how things were done in the past, before costs started skyrocketing and attempt to recreate those conditions instead of another system.
@loveli420
@loveli420 Жыл бұрын
I LOVE these super pointed videos!! Perfection.
@midwestribeye7820
@midwestribeye7820 Жыл бұрын
THIS!!! This right here is why as a non-medical person no longer trusts hospitals. I'm sure there are so many AMAZING doctors, nurses, and staff, but they must follow protocol.
@darinsingleton3553
@darinsingleton3553 Жыл бұрын
Here's to all those "Good" "Compassionate" people, who are so fiercely determined to ensure that "Nothing Fundamentally Changes."
@lucasm.3864
@lucasm.3864 Жыл бұрын
If you didn’t get the PE job, you aced the interview.
@geddon436
@geddon436 Жыл бұрын
1:26 Soon as he said "you know, we want the same thing from healthcare" with his sly smile, I knew where it was going
@bashusha11
@bashusha11 Жыл бұрын
אני מישראל כך שאני לא נתקל לשמחתי הרבה בבעיות האלה בתור רופא.. משמח לראות את הצעד הקטן לרווחת המטופלים. שמח לצפות בתוכן שלך ולצחוק עד עמקי נשמתי.. בהצלחה!!
@smellypatel5272
@smellypatel5272 Жыл бұрын
Funny because it's usually the ✡️'s who push for these greedy practices.
@Dloin
@Dloin Жыл бұрын
Iam from Germany and sadly I sometimes do. Anytime a government worker decides that it's not necessary you will never get it.
@smellypatel5272
@smellypatel5272 Жыл бұрын
@@Dloin It's "his people" who push for those practices that leech out $$
@VashdaCrash
@VashdaCrash Жыл бұрын
​@@smellypatel5272antisemitism much? Though, I may have to look up whether this Banks guy's a jew
@xplicitgoofy1015
@xplicitgoofy1015 Жыл бұрын
@@smellypatel5272shut the hell up and focus on your self you piece of shit bastard and stop believing in lies just because you want to always find someone to blame for your issues this is why the youtuber doesn’t like you you act like you are in private equity
@shroomchild1780
@shroomchild1780 Жыл бұрын
The greatest intro in any Dr. Glaucomfleken video is “Bartholomew Banks… Private Equity.”
@archimedesscrew3710
@archimedesscrew3710 Жыл бұрын
Yes, the Doc tells it how it is! Good one 👏🏻👍🏻
@billycox475
@billycox475 Жыл бұрын
The private equity parasite has slithered into my field (veterinary medicine) as well. This video is spot on
@leileleileleile
@leileleileleile Жыл бұрын
I’m glad you make videos like this, Dr G.
@bills-beard
@bills-beard Жыл бұрын
employers will 200% lie to you with no hesitation. This interviewer must be new; still has a conscience
@kvjackal7980
@kvjackal7980 Жыл бұрын
I love you, Doc Glauc. Thank you for speaking on this. ♥️
@QuickdrawMcGraw360
@QuickdrawMcGraw360 Жыл бұрын
PE: 1) A leading acute cause of patient mortality; may present with shortness of breath, chest pain, and signs of distress. 2) Pulmonary Embolism
@QuixoticDucky
@QuixoticDucky Жыл бұрын
The "From a doctor licensed in the US" label is perfect here
@JustAlex1795
@JustAlex1795 Жыл бұрын
watching this after being billed $5,000 for surgery ($1,200 of which was for being in a recovery room for 45 minutes) really hits different
@Lexler34
@Lexler34 Жыл бұрын
Great video hopefully we will see how to ace your neurology interview in the future
@Neltharak
@Neltharak Жыл бұрын
You really need to add a thunder sound effect between "bartholomew banks" and "private equity" also you're a very good actor
@michelle_ajema
@michelle_ajema Жыл бұрын
That thunder sound would be really dope. 😅😅
@wannabetrucker7475
@wannabetrucker7475 Жыл бұрын
I love this man ❤❤❤
@nikkiewhite476
@nikkiewhite476 Жыл бұрын
My husband still lives in the US, I am in Canada. The health care situation there is so very frightening to me. I hope everyday that nothing bad happens to him before he can immigrate.
@nikkiewhite476
@nikkiewhite476 Жыл бұрын
@@JohanWXC you know nothing about the Canadian health care system. You obviously bought into the propaganda in the USA. There is no income cap. Also why are you bringing in doctors in India? They have a different system to Canada... Plus 200 a day? Bull! At 15 minutes a patient that would take 50 hours. You really have to get off the propaganda and conspiracy theories.
@Liantx
@Liantx Жыл бұрын
Love the different pictures!
@thebunsenburner
@thebunsenburner Жыл бұрын
Keep these coming. More people in medicine need to start making videos like this.
@macforme
@macforme Жыл бұрын
Scathingly awesome...👍 You've got a new subscriber on the first visit.
@wildshpeehunter8265
@wildshpeehunter8265 Жыл бұрын
Thankfully where i live and who i work for in emergency mediicne is really great at standing for affordability for p.t care and striving for making each patient being welcomed! I love where i work. Makes me feel like i actaully make a difference!
@SGT_Fon
@SGT_Fon Жыл бұрын
Spot on brother... but since you just read this I got this pain in my lower back and wondered....
@sarahmeisberger
@sarahmeisberger Жыл бұрын
Orcas vs Barty Banks! I'm so excited for that match!
@vladlock
@vladlock Жыл бұрын
Thanks for shedding light
@flyguy1237
@flyguy1237 Жыл бұрын
"This place smells terrible" reminds me a lot of Agent Smith's speech in the Morpheous interrogation scene of the Matrix.
@msshellm8154
@msshellm8154 Жыл бұрын
These are the most educational - and terrifying - clips, and explain SO much about what we hear in a more general sense regarding US 'healthcare.' Scary, scary, stuff ...
@lishaanhettipathirana
@lishaanhettipathirana Жыл бұрын
I am sitting on the edge everyday waiting for a vid drop from u man
@hemramachandran5626
@hemramachandran5626 Жыл бұрын
Amazing, it is good to hear from a doctor. This is same in India as well, no difference.
@Lorraine202
@Lorraine202 Жыл бұрын
I love the rushed baffled defense of “I don’t think we want the same thing.”
@brillopower1492
@brillopower1492 Жыл бұрын
Jimothy, you knew what you were signing up for!
@AdeleiTeillana
@AdeleiTeillana Жыл бұрын
I'm currently in law school, but I have a background in the business side of healthcare (not PE though). I've taken several health law courses and the more I learn about PE, the less I like them. And it's not just human healthcare. Our vets are being snatched up too, all over the country. They're pushing profit over everything else, forcing vets to work ridiculous hours, dropping non-money-making services (like boarding animals, especially cats).
@billycox475
@billycox475 Жыл бұрын
I'm a vet with a small private practice. PE has parasitized this profession. They've ruined some good clinics in this area. I'm glad to see that others like yourself are seeing it too. Private equity has ruined a lot of businesses across the spectrum
@DrJeffreyTran
@DrJeffreyTran Жыл бұрын
Amazing video. Thank you Dr. G
@IsyAweigh
@IsyAweigh Жыл бұрын
Just noticed... PE also stands for Pulmonary Embolism, where a clot goes to your lungs, makes your heart useless, and can kill you dead. Great metaphor!
@DS-bg9fl
@DS-bg9fl Жыл бұрын
Love the videos, but now scared to visit any doctor!! 😂
@8556126
@8556126 Жыл бұрын
In immortal words of Right Honourable Jim Hacker, minister for administrative affairs, a Moral Vacuum.
@justhuman5521
@justhuman5521 Жыл бұрын
Thanks, I nearly choked on my food when he mentioned increasing mortality rate by 10% to get a piece of the pie XD
@TheFallorn
@TheFallorn Жыл бұрын
I can’t wait for Dr. Orca to find him on that yacht.
@cindylewis3325
@cindylewis3325 Жыл бұрын
Thank you for these posts.
@seanlan3260
@seanlan3260 Жыл бұрын
The same thing has been happening in dentistry. Consolidation of dental practices isn't insidious in itself, but when a lot of these practices are being bought up by private equity backed corporations there is a conflict of interest. That being the best interests of the patients we serve vs the best interests of the shareholders.
@pedropimenta896
@pedropimenta896 Жыл бұрын
When the joke is fun not because it's random, but because it's true 😂 😢
@qumaden
@qumaden Жыл бұрын
I work with some of the best cardiologists in the country and it kills me to see them getting the life sucked out of them by corporate overlords.
@iquemedia
@iquemedia Жыл бұрын
the first rule of private equity is: do not sell out to private equity. the second rule of private equity is: DO NOT SELL TO PRIVATE EQUITY
@Draco137YT
@Draco137YT Жыл бұрын
Bartholomew Banks is utterly committed to the grind. Glauc University's Banks Hospital is lucky to have such a devoted manager. *Biggest /s in human history*
@coloradofoundationforunive3781
@coloradofoundationforunive3781 Жыл бұрын
Beautiful. So true!
@The__SHOW
@The__SHOW Жыл бұрын
GOOD FOR YOU!! BRAVO
@andreikovacs3476
@andreikovacs3476 Жыл бұрын
One can only wonder what would come between Private Equity and Neurology. If they even cross paths that is
@DE123456123456
@DE123456123456 Жыл бұрын
Very important video
@Pandainapandasuit
@Pandainapandasuit Жыл бұрын
Ok this makes me tick the bell. Lol subbed and bell now. I need it all now. I need an i.v. of this guys content
@vanessaland5090
@vanessaland5090 Жыл бұрын
You are a superhero! ❤
@drananth
@drananth Жыл бұрын
How you nail it each time beats me!
@aaliyahkishore246
@aaliyahkishore246 Жыл бұрын
A dark but genuine question: If a person in US tries to kill himself because of inability to pay student loans, insurance or medical bills and a hospital revives him, can he ever refuse to pay because he didn't ask for it and the hospital bills kind of killed him in the first place? Or are things not THAT bad in the US. Just asking as a foreigner.
@Nikki-lodeon
@Nikki-lodeon Жыл бұрын
No, he'd still owe those bills. If he didn't have insurance and was truly poor, someone at the hospital might help him get setup with a state/ federal option like Medicaid.
@aaliyahkishore246
@aaliyahkishore246 Жыл бұрын
@@Nikki-lodeon didn't millions get dropped as part of a post COVID purge
@vickiepatterson1748
@vickiepatterson1748 Жыл бұрын
The only saving grace is if he signs a DNR! Do Not Resuscitate means the hospital would not bring him back to life. Of course the hospital would then be looking for any next of kin.
@aaliyahkishore246
@aaliyahkishore246 Жыл бұрын
@@vickiepatterson1748 so a person can technically kill themselves in the US if they sign a DNR?
@aaliyahkishore246
@aaliyahkishore246 Жыл бұрын
@@vickiepatterson1748 but doesn't the doctor sign that not the patient?
@Ceasingthememes
@Ceasingthememes Жыл бұрын
Not quite first but we weren't aiming for first. We were aiming for first in class...
@jenniferryersejones9876
@jenniferryersejones9876 Жыл бұрын
Take heed from this, fellow Canadians. Our health care is headed in the same direction.
@ZMan492jj2j2
@ZMan492jj2j2 Жыл бұрын
What is interesting is for profit hospitals are almost non existent in Northern California. But in Southern California they are extremely common and may be the majority.
@brianthesnail3815
@brianthesnail3815 Жыл бұрын
PE typically buys a viable business, then extracts a very large amount of money up front by paying a large equity dividend and taking on a large amount of debt. That debt leverage can only be serviced by underinvesting, run the asset down, push employee wages down, reduce service levels and raise fees. I have seen it time after time in many industries and very often it ends with the company going into liquidation with the employees losing their jobs and customers and suppliers losing money they were owed.
@jsquared1013
@jsquared1013 Жыл бұрын
Private equity investment companies (e.g. BlackRock) aren't just doing this to healthcare, they're doing it to pretty much every sector across the country. Housing, manufacturing, automotive, etc. Short-term thinking by people whose only concern is the next fiscal quarter, not long-term outlook for the sake of the company/hospital/factory/etc.
@SpAm-AcCoUnT
@SpAm-AcCoUnT Жыл бұрын
The canon expands. A new challenger has appeared.
@milesespace8776
@milesespace8776 Жыл бұрын
Private equity is like the midas touch. They kill everything they touch, but they get some gold out of it.
@kathleenyes-cp2uf
@kathleenyes-cp2uf Жыл бұрын
You the best G!
@lexslate2476
@lexslate2476 Жыл бұрын
This is being very generous. Private equity operations would cheerfully raise nursing home mortality rates until there is no more room to raise them, and then go out with a crossbow hunting for people who look a little sick or slow with if it would boost their quarterly revenue statements by half a percent.
@SilvXl
@SilvXl Жыл бұрын
Hey Doc, could you per chance link the resources you cited in your short? I have a friend that thinks that PE-acquired health systems perform just as good as independently owned health systems. From the quick google search we did, most economic journals from big name institutions (e.g. UPenn, Harvard) says that "...we did not find any evidence of significant reductions in the most unprofitable service lines." I personally could not review the actual article that they are quoting due to the expensive paywall, so there's definitely room for additional scrutiny. Love to hear your thoughts on this and enjoyed the video as well.
@DGlaucomflecken
@DGlaucomflecken Жыл бұрын
news.ohsu.edu/2022/09/02/study-raises-red-flags-about-corporatization-of-health-care-ohsu-investigator-says this is an article that references the study I’m talking about.
@SilvXl
@SilvXl Жыл бұрын
@@DGlaucomflecken Many thanks
@DanDan-z7e
@DanDan-z7e Жыл бұрын
Thank you 👏🏾👏🏾👏🏾👏🏾
@Yupppi
@Yupppi Жыл бұрын
Great prop photos!
@TheJamesBond
@TheJamesBond Жыл бұрын
To other doctors in residency out there, you are 100% a fool to join a PE owned group. My last group cut health insurance to increase the bottom line LMAO. Pinching Pennies to make it more profitable and this easier to sell. The challenge - find me 1 single PE doctor who wasn’t bought out (an associate) that says “I love my PE job.” You won’t find it
@annabarclay7321
@annabarclay7321 Жыл бұрын
They did a Good Doctor episode on this!
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