Business Roundup: NY Health Plans Form Strategic Alliance
In other news, CHE partners with Walgreens, a Massachusetts hospital deal comes with strings attached, and a federal judge rules on the fate of a struggling Long Island, NY hospital.
Two physician-led, not-for-profit health plans serving different regions in upstate New York have formed a "strategic alliance" to develop strategies around managing population health.
"This strategic alliance will allow each of our plans to remain independent and highly responsive to the needs of our respective communities," Michael W. Cropp, MD, president/CEO of Independent Health, said in prepared remarks.
"This is not a merger, but a unique alliance to exchange and implement ideas and strategies that are essential to continue driving sustainable healthcare. The learning and discipline that will come from working together will greatly accelerate our respective abilities to meet the needs of our provider partners and our customers."
The two plans said the alliance would allow them to:
- Develop tools to help providers efficiently manage populations;
- Partner with physicians using technology and clinical innovation within the mantra of right care, right place, right time and right cost;
- Invest in new technology to improve consumers' access to information and services they need and to navigate the fragmented healthcare system.