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Return of the PHO?
The physician hospital organization, or something like it, is making a comeback as payers and the government make slow progress toward accountable care.
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*MAGNET™, MAGNET RECOGNITION PROGRAM®, and ANCC MAGNET RECOGNITION® are trademarks of the American Nurses Credentialing Center (ANCC). The products and services of HCPro, Inc. and The Greeley Company are neither sponsored nor endorsed by the ANCC. The acronym "MRP" is not a trademark of HCPro or its parent company. HCPro, Inc. is not affiliated in any way with The Joint Commission, which owns the JCAHO (Joint Commission on Accreditation of Healthcare Organizations) and Joint Commission trademarks, the Accreditation Council for Graduate Medical Education, which owns the ACGME trademark, or the Accreditation Association for Ambulatory Health Care (AAAHC).
As former CEO of a large PHO, (2,400 physicians, 20 hospitals), an additional dimension is in messenger model contracting of self-insured employers healthcare plans. Lower plan costs coupled with higher quality performance was a hallmark. We administered HMO and PPO plans for large employers (8,000 and 23,000 employees). For one plan, Mercer performed actuarial studies and reported year two premium equivalents of ½% lower. Remarkable performance coupled with stellar employee satisfaction. If run well, everybody comes out ahead.