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Modern Healthcare Modern Healthcare business news, research, data and events
Modern Healthcare Modern Healthcare business news, research, data and events
Nearly 400 physicians at Hallmark Health System in Medford, Mass., have voted to join the physician network of Tufts Medical Center in Boston, leaving Partners HealthCare's physician organization after acquisition plans fell through.Hallmark's 388 physicians voted to abandon the Partners Community Physician Organization and join the New England Quality Care Alliance, a network of nearly 1,800 physicians in Massachusetts .The agreement will be approved by Jan. 1, 2017.The plans come nearly one month after Hallmark announced it will be acquired by the parent system of Tufts, Wellforce.The two-hospital system announced its intent to join Wellforce in late June following a failed acquisition by Partners HealthCare last year.The largest health system in Massachusetts, Partners faced opposition from state regulators concerned the system would have too much market power, the Boston Globe reported Partners CEO Dr. David Torchiana told the Boston Globe they have ended plans to grow more in the state and will begin to look "regionally, nationally and internationally."In a prepared statement, a Hallmark spokesman said Hallmark and the New England Quality Care Alliance "share common values and a commitment to excellence, serving our communities and keeping care local."Partners Healthcare did not respond to a request for comment.
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Modern Healthcare Modern Healthcare business news, research, data and events
Modern Healthcare Modern Healthcare business news, research, data and events
Elizabeth Whitman is the quality-and-safety beat reporter for Modern Healthcare in the New York office.She previously covered breaking news and healthcare for a year and a half at the International Business Times.From 2013 to 2014, she lived in Amman, Jordan, writing about the Syrian refugee crisis, public health and women's rights for The Nation, Al Jazeera and other outlets.
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Modern Healthcare Modern Healthcare business news, research, data and events
Modern Healthcare Modern Healthcare business news, research, data and events
"Aetna's acquisition ofU.S. Attorney General Loretta Lynch said that if the deals were allowed, "not only the bank accounts of the American people would suffer, but also the American people themselves."But even if the federal government buries Anthem's $53 billion acquisition and Aetna's $37 billion purchase, the big five health insurers (which also include"It's still a pretty fragmented industry," Jeff Loo, an equities analyst at Standard & Poor's Global Market Intelligence, said of health insurers."If the big five remains and if they make a bid for one of the smaller players, I don't think the Department of Justice would have that strong of an argument to stop it."Many people maintain that the insatiable appetite to bulk up is a result of healthcare reform, which encourages hospitals, doctors and insurers to create more cohesive systems of care."There's a lot in the Affordable Care Act for groups to merge," said Marianne Udow-Phillips, director of the Center for Healthcare Research and Transformation at the University of Michigan.
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