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>In recent years, private equity has taken a voracious interest in A.B.A. services, partly because they are perceived as inexpensive. Private-equity firms have
by InSteady 3y ago
>In recent years, private equity has taken a voracious interest in A.B.A. services, partly because they are perceived as inexpensive. Private-equity firms have consolidated many small clinics into larger chains, where providers are often saddled with unrealistic billing quotas and cut-and-paste treatment plans... Private-equity-owned A.B.A. chains have been accused of fraudulent billing and wage theft; message boards for A.B.A. providers overflow with horror stories about low pay, churn, and burnout.
Private equity takes a questionable medical service and makes it objectively worse. It would merely be depressing and tiresome except we are now talking about putting neurodivergent children and their caregivers into an increasingly hostile, exploitative, and extractive system so Blackrock and its ilk can put some more black on its balance sheet. Disgusting.
- peteradio 3y agoThe whole USA economy/retirement plan is tied to this type of practice.
- bettercaust 3y agoI'm all for reducing inefficiencies if it reduces costs and/or improves service, but that is not the goal here. The goal is to make as much profit as possible as quickly as possible. Seems like that's what happened with a lot of these ABA clinic consolidations. The fact that successful clinics had to shut down because of this is sickening.