A Major Medical Staffing Company Just Slashed Benefits for Doctors and Nurses Fighting Coronavirus
April 2, 2020 at 10:06 PM - Views: 68 #296747L0oniXModerator
- Total Posts: 481
Alteon Health, backed by private-equity firms Frazier Healthcare Partners and New Mountain Capital, will cut salaries, time off and retirement benefits for providers, citing lost revenue. Several hospital operators announced similar cuts.
Emergency room doctors and nurses many of whom are dealing with an onslaught of coronavirus patients and shortages of protective equipment — are now finding out that their compensation is getting cut.
Most ER providers in the U.S. work for staffing companies that have contracts with hospitals. Those staffing companies are losing revenue as hospitals postpone elective procedures and non-coronavirus patients avoid emergency rooms. Health insurers are processing claims more slowly as they adapt to a remote workforce.
“Despite the risks our providers are facing, and the great work being done by our teams, the economic challenges brought forth by COVID-19 have not spared our industry,” Steve Holtzclaw, the CEO of Alteon Health, one of the largest staffing companies, wrote in a memo to employees on Monday.
more at link
…but we can’t have universal single payer health care because that would be socialist communist Medicare for all Bernie’s plan. So this is what happens when profit from elective surgeries are cut back? I suppose if we have WW3 that companies will have to cut back on pay too because there isn’t enough profit? Yeah …this shit is fucked up! Tell me again just who is getting that 2 trillion bail out right now? What is vital to us right now? Is anyone properly prioritizing where the need is? I hope everyone is happy with their socialist $1200 which won’t save anyone’s ass. Instead we get Mr Rogers Pence on tv tucking the people into bed with a cup of milk.
April 2, 2020 at 10:18 PM #296756David the GnomeParticipant
- Total Posts: 2,817
Can anyone find details on the yearly profit of Alteon Health and Frazier Healthcare? I wonder, also, if they are getting bailout money from any of the stimulus packages…
April 3, 2020 at 5:55 AM #297043Cold Mountain TrailParticipant
- Total Posts: 11,232
My conclusion: it’s concentration near-monopoly finance capital jacking up prices because they’re KILLERS & they can.
Frazier Healthcare Partners owns Alteon, & a lot more in the Healthcare Field:
Here’s the full list of what they own:
And here’s what they are: Finance Capital sucking up every healthcare business they can. It’s a private equity firm = tax avoidance scam
Frazier Healthcare Partners
From Wikipedia, the free encyclopedia
Founder: Alan D. Frazier
Headquarters: 601 Union Street, Seattle, Washington
Key people: Alan D. Frazier (Chairman and Managing Partner)
Total assets: US$2 billion
Frazier Healthcare Partners‘ is a private equity and venture capital firm based in Seattle, Washington, USA specialized in shareholder liquidity, incubation, and growth equity financing. The company was founded by Alan D. Frazier in 1991. The company has US$2 billion of assets under management. With the Audax Group, it co-owns Correct Care Solutions, a healthcare provider in US prisons. In 2016, the company raised an amount of $525 million to be invested in small healthcare ventures.
Here’s their location: (Seattle has become a dystopian Brazil-type city)
Other tenants include: BlackRock, KidderMatthews, Apple, Berstein Global Wealth Management, Bessemer Trust —
Here’s a now-defunct company Frazier was connected with:
Affymax shares are down 85% to $2.50 in Monday trading. Three kidney dialysis patients died in February from severe allergic reactions within minutes of receiving a first dose of Omontys, Affymax disclosed Monday. Overall, 2 patients in 1,000 experienced allergic reactions to Omontys, with one third of the cases considered serious.
Frazier is a hometown Seattle boy who also has a local real estate investment company currently ruining Seattle even more. A bio:
April 2, 2020 at 10:32 PM #296769Bernie BoomerParticipant
- Total Posts: 382
“The cost of health care will be going up in Maryland after hospitals have been given permission to temporarily raise rates all patents are charged to help pay for emergency care related to COVID-19.
Hospitals have not been getting the revenue that’s normally generated from patients who have other hospital care because of the coronavirus pandemic, The Baltimore Sun reported.”
Capitalism will kill us all, virus or not.
April 3, 2020 at 4:13 AM #296959sonofspy777Participant
- Total Posts: 5,983
to come to work. Yeperr a real morale-booster…during a pandemic.
“Never argue with a fool, onlookers may not be able to tell the difference.”
April 3, 2020 at 4:28 AM #296964The Red MenaceParticipant
- Total Posts: 1,097
Steve Holtzclaw needs to have his cranium mounted on a fucking spike and paraded in every town from coast to coast
April 3, 2020 at 4:54 AM #296983
April 3, 2020 at 4:42 AM #296971
April 3, 2020 at 4:53 AM #296978GryneosParticipant
- Total Posts: 1,355
about the nice daydreams everyone is having about what they are going to do once the social-distancing orders are relaxed. I expect they will instead be in for a rude awakening as the streets of every city are filled with mass protests of the system.
Also, while I know everyone wants to use guillotines, and they do make for nice tools with which to scare the elites, I say we use trebuchet catapults to launch them at their places of worship, such as Wall Street, the Pentagon, the Capital, the White House, and so on.
Who are you? | What do you want? | Why are you here? | Where are you going? | Do you have anything worth living for? | Who do you serve and who do you trust?
April 3, 2020 at 4:55 AM #296989
April 3, 2020 at 6:55 AM #297067Ohio BarbarianModerator
- Total Posts: 19,388
It is better to vote for what you want and not get it than to vote for what you don't want and get it.--Eugene Debs
You can jail a revolutionary, but you can't jail the revolution.--Fred Hampton
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