America's Most Influential Physician Executive in 2015?
Remember how he played Elvis and sang "Your Hospitalist Song" at Mandalay Casino while serving on the board of IPC The Hospitalist Company in 2014?
Remember how Dr Wachter pivoted to "love" as a quality measure in the New York Times after leaving the American Board of Internal Medicine (ABIM) and after he quietly earned $210,586 in income, stock, and options with IPC Hospitalist Company in 2014, a portion of which was shared with his institution?
Remember how IPC Hospitalist was being investigated by the DOJ for Medicare fraud?
Remember how IPC Hospitalist Company was acquired by TeamHealth for a hefty profit anyway?
The DOJ's investigation completed and TeamHealth had a $60M judgement levied against it.
I went to look what happened to TeamHealth's stock price at the time of that announcement, but was surprised to see that TeamHealth had disappeared from the New York Stock Exchange.
It seems TeamHealth had been purchased by The Blackstone Group and became a private company just before the judgement was handed down.
* poof *
IPC Hospitalist Company. TeamHealth. All gone. All forgotten.
Welcome to US Medicine's mini-version of "The Big Short."
More here: http://fortune.com/2016/10/31/blackstone-teamhealth-merger/