The Private Equity Plague: How Wall Street is Infecting Healthcare EP 131

Thriving Practice with Tracy Cherpeski

Episode Summary:

In this eye-opening episode, host Tracy Cherpeski explores the growing influence of private equity firms in healthcare and its potential consequences for patient care, medical practices, and the overall healthcare system.

Key Points:

1. Overview of private equity's increasing role in healthcare
2. Case studies: Anesthesiology practices in Colorado and nursing homes
3. Impact on patient care, prices, and physician burnout
4. Regulatory responses and policy changes
5. Strategies for independent practices to thrive

Highlights:

- Private equity firms have invested over $1 trillion in healthcare in the past decade

- Study shows 20,000 more deaths in PE-owned nursing homes over 12 years

- Example of USAP in Colorado raising prices and affecting physician retention

- Regulatory efforts including increased transparency and antitrust scrutiny

- Tips for maintaining independent practices and prioritizing patient care

Call to Action:

Independent practice owners feeling pressure from market consolidation are invited to schedule a strategy call with Tracy at PracticeSuccess.co to explore alternatives to selling their practices.

Resources Mentioned:

- Thriving Practice Community: ThrivingPracticeCommunity.com

Quote:

"In healthcare, independence isn't just about ownership. It's about the freedom to always put patients first." - Tracy Cherpeski

Tracy’s Bio:

Tracy Cherpeski, MBA, MA, CPSC, is a Business Consultant and Executive Coach. She helps her clients take back their time and scale their practices without sacrificing their wellbeing.

Tracy’s consulting and coaching programs help her clients with strategic planning, leadership and mindset mastery. She believes in the unlimited potential of people, and loves to celebrate the success of her clients and their teams.

Tracy founded Tracy Cherpeski International in 2010, and Thriving Practice Community in 2024, and serves clients all over the world.

Tracy's biggest WHY - her two beautiful children, who inspire her to reach higher and further every day. She lives with her family in Chapel Hill, NC, and serves clients around the world.

Connect With Us:

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