Re: Coronovirus: When should we be concerned?
Posted: Tue Apr 07, 2020 8:48 pm
One benefit of this virus and the stay at home rule is that air quality in places like Los Angeles has improved dramatically.
A place for fans of the Phoenix Suns
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I’ll have to disagree. 2% profit margin on billions of dollars is still hundreds of millions of dollars. Trim the fat and it’s even more (don’t pay the suits). Hundreds of millions of dollars is a huge profit.Indy wrote: ↑Wed Apr 08, 2020 6:32 amOh I am not saying that C-suite people have it tough at all. They will always get paid, even if they lead a failing business. I am saying there is not a lot of profit to be made in the hospital business. They are only marginally better than owning a grocery store chain.
It’s not at all surprising that the number of administrators would be strongly correlated with the amount of money going through the system. It’s only interesting if you jump from that “no duh” correlation to conclusions about causality.specialsauce wrote: ↑Wed Apr 08, 2020 10:13 amIt is interesting that the rise in healthcare costs follows the same curve as the rise in administrators in the healthcare industry.
I would agree correlation does not equal causation, but it’s something to look into. To completely dismiss it would be a mistake. We have a chief officer for everything you could possibly imagine. CEO CMO CTO CFO COO CQO vp svp mvp oppCap wrote: ↑Wed Apr 08, 2020 1:23 pmIt’s not at all surprising that the number of administrators would be strongly correlated with the amount of money going through the system. It’s only interesting if you jump from that “no duh” correlation to conclusions about causality.specialsauce wrote: ↑Wed Apr 08, 2020 10:13 amIt is interesting that the rise in healthcare costs follows the same curve as the rise in administrators in the healthcare industry.
You wouldn't sink money into any stock or mutual fund that had a 2% annual growth rate.specialsauce wrote: ↑Wed Apr 08, 2020 10:13 amI’ll have to disagree. 2% profit margin on billions of dollars is still hundreds of millions of dollars. Trim the fat and it’s even more (don’t pay the suits). Hundreds of millions of dollars is a huge profit.Indy wrote: ↑Wed Apr 08, 2020 6:32 amOh I am not saying that C-suite people have it tough at all. They will always get paid, even if they lead a failing business. I am saying there is not a lot of profit to be made in the hospital business. They are only marginally better than owning a grocery store chain.
It is going to the health insurance companies and drug companies (and lobbyists and politicians).specialsauce wrote: ↑Wed Apr 08, 2020 1:31 pmI would agree correlation does not equal causation, but it’s something to look into. To completely dismiss it would be a mistake. We have a chief officer for everything you could possibly imagine. CEO CMO CTO CFO COO CQO vp svp mvp oppCap wrote: ↑Wed Apr 08, 2020 1:23 pmIt’s not at all surprising that the number of administrators would be strongly correlated with the amount of money going through the system. It’s only interesting if you jump from that “no duh” correlation to conclusions about causality.specialsauce wrote: ↑Wed Apr 08, 2020 10:13 amIt is interesting that the rise in healthcare costs follows the same curve as the rise in administrators in the healthcare industry.
Reimbursement for healthcare services has not risen with inflation. Nursing/physician/ancillary staff salaries have not risen. So where’s the money going? Riddle me this, Cap.
I’m not saying this as a physician that wants more money. I’d love it but I think my compensation is enough to live and support my family comfortably. I want to save this money for the people. Trim the fat from the top and the devil on earth (insurance companies)
Apologies for hijacking this thread.
Not incorrect. However incomplete.Indy wrote: ↑Thu Apr 09, 2020 6:15 amIt is going to the health insurance companies and drug companies (and lobbyists and politicians).specialsauce wrote: ↑Wed Apr 08, 2020 1:31 pmI would agree correlation does not equal causation, but it’s something to look into. To completely dismiss it would be a mistake. We have a chief officer for everything you could possibly imagine. CEO CMO CTO CFO COO CQO vp svp mvp oppCap wrote: ↑Wed Apr 08, 2020 1:23 pmIt’s not at all surprising that the number of administrators would be strongly correlated with the amount of money going through the system. It’s only interesting if you jump from that “no duh” correlation to conclusions about causality.specialsauce wrote: ↑Wed Apr 08, 2020 10:13 amIt is interesting that the rise in healthcare costs follows the same curve as the rise in administrators in the healthcare industry.
Reimbursement for healthcare services has not risen with inflation. Nursing/physician/ancillary staff salaries have not risen. So where’s the money going? Riddle me this, Cap.
I’m not saying this as a physician that wants more money. I’d love it but I think my compensation is enough to live and support my family comfortably. I want to save this money for the people. Trim the fat from the top and the devil on earth (insurance companies)
Apologies for hijacking this thread.
That’s why excess mortality is the best measure. It avoids subjective judgements about whom to count.In2ition wrote: ↑Sun May 03, 2020 9:20 amI think the graph does a good job of showing what normal death counts would be from week to week and the change since Covid19. This is a way to more accurately figure out what was a covid death and what wasn't approximately. There have been a lot of reports that doctors have been pressured to report a death as covid even though it was maybe only a small factor. Accurate testing is needed. There also have been testing in pockets of areas that suggest that covid infection is much more prevalent than thought and therefore much less deadly than originally believed.
https://www.bloomberg.com/news/articles ... kQB9avLMbA
Yes I agree, and it can also debunk or confirm theories of whether the virus started in the US.Cap wrote: ↑Sun May 03, 2020 9:29 amThat’s why excess mortality is the best measure. It avoids subjective judgements about whom to count.In2ition wrote: ↑Sun May 03, 2020 9:20 amI think the graph does a good job of showing what normal death counts would be from week to week and the change since Covid19. This is a way to more accurately figure out what was a covid death and what wasn't approximately. There have been a lot of reports that doctors have been pressured to report a death as covid even though it was maybe only a small factor. Accurate testing is needed. There also have been testing in pockets of areas that suggest that covid infection is much more prevalent than thought and therefore much less deadly than originally believed.
https://www.bloomberg.com/news/articles ... kQB9avLMbA