Didn't know this company. Not only devastating but documented and with employees explaining the scam. Admissions for no good reason other than boost profits. Unnecessary admissions can be deadly from hospital acquired infection, mistakes etc. CEO refused to to be interviewed. This is going to open the door wide open to all sorts of investigations including medicare fraud. Stock should crater . Only good thing that was said is that the hospital appears to give good care to patients.
In addition to a Medicare Fraud investigation a bevy of lawsuits will now result as anyone who's loved one got sick or died from a hospital acquired infection now has fresh evidence that suggests that perhaps their loved one didn't actually need to be admitted. Kudos to the physicians for potentially opening themselves up to liability to take on this egregious wrong.