High air ambulance charges concentrated in private equity-owned carriers
Loren Adler, Kathleen Hannick, and Sobin Lee analyze the market for air ambulance services and provide solutions to managing high prices.
When patients fly in a municipal air ambulance, they're usually charged $17,000. When they fly in one owned by private equity, the same service costs $48,000. Fascinating new research from
& others at Brookings:
As of 2017, private equity firms were operating basically all of the highest-charging air ambulance carriers.
THREAD New research w/
We find that private-equity owned air ambulance carriers charge much more than other carriers for a similar transport. $48K vs. $29K for an average distance helicopter air ambulance transport
Prices in America’s air ambulance market are high and growing rapidly, and these trends are especially pronounced among private equity-owned carriers.
Illustrative of the cost implications as healthcare delivery transitions from public and nonprofit entities to the private sector...