U.S. representatives Greg Walden (R-OR) and Frank Pallone, Jr. (D-NJ) announced this week they are officially investigating a group of private equity firms that own physician staffing services. (Photo: Shutterstock)
The bipartisan, bi-coastal duo that has taken on surprise medical bills has turned its attention to the role played by private equity firms in rising provider costs.
U.S. representatives Greg Walden (R-OR) and Frank Pallone, Jr. (D-NJ) announced this week they are officially investigating a group of private equity firms that own physician staffing services. The firms–KKR & Co. Inc., Blackstone Group, and Welsh, Carson, Anderson, & Stowe–were sent requests to hand over "information and documents pertaining to the firms' ownership of private physician staffing and emergency transportation companies, which recent research shows are a leading source of surprise medical billing," Walden said in a release.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
