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Is the idea that an independent accounting firm would flag egregious money-making schemes by Hospitals? If both the Hospital and Accounting firm are owned by Pr
by ivape 1y ago
Is the idea that an independent accounting firm would flag egregious money-making schemes by Hospitals? If both the Hospital and Accounting firm are owned by Private Equity, then there is no independent body with the right incentives to do this. Even so, I can't help but wonder why any accounting firm, even if independent, would antagonistically audit their customer (the Hospital). Feels like only a regulatory body should be involved in auditing to begin with.
Which brings me to a Bloomberg headline from today:
"How BlackRock's CEO Gets Paid Is Anyone's Guess" (To the tune of 37 million)
https://www.bloomberg.com/opinion/articles/2025-05-07/how-blackrock-s-larry-fink-gets-paid-is-anyone-s-guess https://www.bloomberg.com/opinion/articles/2025-05-07/how-bl...
Well, this might be one of those psychotic ways these animals get paid. So in this fucked up multiverse, PE executives run some scheme through a Hospital to generate more revenue, have their own Accounting audit it and give it the green-light, pocket the cash, and say "well, everything is dandy because it's been audited".
At this point the comedy just writes itself.