Despite Poor Comparisons vs Urgent Care, Hedge Fund Gambles on Freestanding ERs

Despite Poor Comparisons vs Urgent Care, Hedge Fund Gambles on Freestanding ERs

Patients, politicians, and insurers have been united in complaining that freestanding emergency rooms don’t offer sufficient transparency when it comes to billing practices, but that hasn’t stopped hedge-fund guru Steven Cohen from gobbling up 5% of First Choice Emergency Rooms parent company Adeptus Health. The backlash against freestanding ERs has coincided with a growing awareness that urgent care is a viable, more accessible, and less expensive option for many patients. A study by Anthem Blue …

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