Friday, June 25, 2010

Cleveland Clinic Partners with Carlyle Group's Carefx

President Obama held up the Mayo Clinic and Cleveland Clinic as models for quality health care. Both have a laser like focus on quality. That includes innovation.

Private equity underwriters (PEU's) scour the landscape for new things to sell. They salivate over opportunities under Obama's health reform.

Cleveland Clinic's health information technology pioneered business intelligence dashboards. Carlyle Group affiliate Carefx partnered with Cleveland Clinic on this product.

Did Cleveland Clinic check out their business partner? There are numerous quality concerns: Vought Aircraft, LifeCare Hospitals, public pension "pay for play."

Private equity will bleed healthcare. Cleveland Clinic, prepare to be milked.

Update: Carlyle's ManorCare could use the Carefx dashboard in its West Des Moines nursing home