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Medical joint venture business plan

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In a partnership that appears to be the first of its kind, Anthem Blue Cross, a large California health insurance company, is teaming up with seven fiercely competitive hospital groups to create a new health system in the Los Angeles area. Anthem and the hospital groups plan to announce on Wednesday the formation of a joint venture whose aim is to provide the level of coordinated, high-quality and efficient care that is now associated with only a handful of integrated health systems like Kaiser Permanente in California, Intermountain Healthcare in Utah and Geisinger Health System in Pennsylvania. Anthem, like those systems, will offer relatively low-cost health insurance coverage to patients who use hospitals and clinics that are part of the plan. But the Anthem venture, for the first time, includes hospitals that are competitors and are not owned by the plan itself. Anthem will continue to offer other health plans, and the hospital groups will continue to have arrangements with other insurers.
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Hospitals and Insurer Join Forces in California

Medical joint venture business plan
Medical joint venture business plan
Medical joint venture business plan
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Plan your joint venture relationship |

When engaging independent physician practices in strategic planning as well as succession planning, the topic of joint ventures may emerge. You might have a killer idea, but lack the resources, finance or specific knowledge skill set to deliver it. With the strong competitive forces in many areas, physicians sometimes contemplate a joint venture with another organization such as a hospital as a means to protect their practice without selling out entirely. Sometimes, collaborating with another business that is able to plug the gap can be the way forward, giving you credibility as you move into a new area. A joint venture involves two or more businesses medical practices, hospitals, or management companies entering a formal agreement for a particular business project or undertaking. The ability to create synergy with another company through shared expertise is a primary benefit while overcoming cultural and communications barriers are key drawbacks.
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Joint Ventures and Acquisitions

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ChristianaCare and Highmark Health announced a collaboration that focuses on health care outcomes and lowering costs, emphasizing technology. The new model will be a departure from the fee-for-service model that dominates much of American health care and is blamed for high costs and outcomes that do not match up with lower-cost models in other nations. ChristianaCare and Highmark Delaware in announced a collaboration in a move toward compensation being made based on health outcomes. Both organizations noted that the joint venture does not represent a merger or exclusivity agreement between the two organizations. That point was emphasized since Highmark operates a large hospital system in western Pennsylvania.
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