GenHealth Joint Venture Banks on Well-Being
One of the biggest independent physician groups in Texas has teamed up with one of the oldest advocates for a well-being approach to healthcare.
Independent physicians in North Texas have taken a step toward value-based healthcare delivery that holds the promise of maintaining their independence.
Jim Walton, DO
CEO of Genesis
On Wednesday, Dallas-based Genesis Physicians Group and Franklin, TN-based Healthways announced the creation of GenHealth. The joint venture is designed to meld individual practices with an innovative approach to healthcare focused on maintaining the highest possible level of well-being, according to Genesis CEO Jim Walton, DO.
"As a large physician organization in Dallas," Walton says, "what we needed to do was find a partner who was complementary."
Genesis, which includes 1,400 physicians, found Healthways' commitment to evidence-based medicine attractive. "Physicians are at their root scientists," Walton said. "Healthways has a track record of leaning heavily on population science… as well as focusing on population well-being."
Most physicians in North Texas have two choices, he said: a financial high-wire act in independent practice or assimilation into a large health system.