Primary Health Care under investigation

Intelligent Investor

Independent Financial Research

Primary Health Care under investigation. Ask any doctor and they'll have an opinion: Primary Health Care (ASX: PRY) is either a medical miracle or dangerous sausage factory. Either way, the company is now being investigated for potentially putting profits ahead of patients. the low-margin business model relies on high utilisation of the medical centres so there is a clear incentive for Primary to quickly churn through patients, even if a longer consultation would provide more thorough care. Nonetheless, financially incentivising the company's 900 GPs to do so is illegal. The Federal Government is now investigating whether Primary is doing just that, following an ABC report that said it had evidence the company offered bonuses to doctors if they billed more patients each day. (VIEW LINK)

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