Banner Health, UA Announce Statewide Care Organization
The deal between Banner and the University of Arizona Health Network is designed to improve quality and access to healthcare across the state, while lowering costs through coordinated value-based care.
Banner Health, the University of Arizona, and its affiliated University of Arizona Health Network announced Thursday that they will create a statewide healthcare organization.
The affiliation would generate $1 billion in new capital and academic investments, and would combine more than 37,000 employees, making it the largest private employer in Arizona, according to a joint press release.
Thursday's announcement follows authorizing votes from the boards of directors at UAHN, Banner, and the Arizona Board of Regents. The definitive agreement is expected to be finalized in the third quarter, but it would have to be approved by the three boards.
Banner President and CEO Peter S. Fine said in prepared remarks that the deal, outlined in a Principles of Agreement document, meshes with Banner's "vision… to sustain a position of national leadership. This opportunity to join with a premier academic organization significantly advances Banner towards this vision."
- CMS Mulls Income-Adjusting MA Stars
- Providers Prep for New Payment Models as Population Health Grows
- 3 Ways to Rev Employee Development Programs
- Transforming Decision Support and Reporting
- Providers' Push to Consolidate Roils Payers
- Aligning Executive Compensation with Provider Mission
- As Retail Clinics Surge, Quality Metrics MIA
- Nurse Ethics Comes to a Head at Guantanamo Bay
- In Lakeport, CA, a Population Health Laboratory is Born
- 6 Not-So-Good Reasons for Avoiding Population Health