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Submission: On May 01 via manual from US — Scanned from US
Submission: On May 01 via manual from US — Scanned from US
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Skip to contentSkip to site indexSearch & Section NavigationSection Navigation SEARCH U.S. SUBSCRIBE FOR $1/WEEKLog in Wednesday, May 1, 2024 Today’s Paper SUBSCRIBE FOR $1/WEEK U.S.|In Battle Over Health Care Costs, Private Equity Plays Both Sides https://www.nytimes.com/2024/04/07/us/health-insurance-medical-bills-private-equity.html * Share full article * * Advertisement SKIP ADVERTISEMENT Supported by SKIP ADVERTISEMENT IN BATTLE OVER HEALTH CARE COSTS, PRIVATE EQUITY PLAYS BOTH SIDES As medical practices owned by private equity firms fuel overbilling, a payment tool also backed by such investors helps insurers boost their profits. * Share full article * * * Read in app Andrew Faehnle, right, was on the hook for more than two-thirds of an ambulance bill after his 14-year-old was rushed to an emergency room.Credit...Madeleine Hordinski for The New York Times By Chris Hamby April 7, 2024 Insurance companies have long blamed private-equity-owned hospitals and physician groups for exorbitant billing that drives up health care costs. But a tool backed by private equity is helping insurers make billions of dollars and shift costs to patients. The tool, Data iSight, is the premier offering of a cost-containment firm called MultiPlan that has attracted round after round of private equity investment since positioning itself as a central player in the lucrative medical payments field. Today Hellman & Friedman, the California-based private equity giant, and the Saudi Arabian government’s sovereign wealth fund are among the firm’s largest investors. The evolution of Data iSight, which recommends how much of each medical bill should be paid, is an untold chapter in the story of private equity’s influence on American health care. Subscribe to The Times to read as many articles as you like. Chris Hamby is an investigative reporter for The Times, based in Washington. More about Chris Hamby A version of this article appears in print on April 8, 2024, Section B, Page 1 of the New York edition with the headline: Tool Helps Insurers Shift Costs To Patients. Order Reprints | Today’s Paper | Subscribe * Share full article * * * Read in app Advertisement SKIP ADVERTISEMENT SITE INDEX SITE INFORMATION NAVIGATION * © 2024 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions Enjoy unlimited access to all of The Times. See subscription options