NSLIJ Adds Phelps Hospital
Phelps Memorial Hospital and North Shore LIJ Health System have signed an acquisition agreement. The two organizations expect the signed agreement to receive all necessary regulatory approvals later this year.
Phelps was one of two hospitals who signed a Letter of Intent this Summer. Northern Westchester Hospital based in Mt. Kisko was the second one. Both potential hospitals would give the fast growing NSLIJ insurance company CareConnect a string foothold in Westchester. Additionally, CareConnect has an affiliate agreement with Montefiore Hospital who’s Bronx base has expanded into Westchester with acquisition of New Rochelle Hospitals – Montefiore Buying Sound Shore Hospital as well as a partnership with White Plains Hospital –Montefiore Health System and White Plains Hospital Sign Formal Agreement.
It will invest in infrastructure improvements and clinical program expansion at Phelps. The 238-bed Sleepy Hollow facility will become the system’s 18th hospital. With Phelps’ 1,700 employees, NS-LIJ has about 50,000 workers, which it said ranks it as the largest private employer in New York state. North Shore-LIJ expects to secure regulatory approvals for the acquisition later this Fall.
A combined Hospital Insurance system is an intriguing concept thats not all that new. Pittsburgh’s UPMC has been delivering the same model in Western PA successfully. In NYS an integrated medical approach is new on the other hand and challenging in an open competitive loop. A high quality smaller network that is priced affordably and can offer Patient Concierge like service may be what the market is asking for. They may also be in a better position to manage patient health and Preventative Medicine. For Jan 2015, NSLIJ CareConnect will have a 20% reduction in most regions such as Westchester and NYC. For new rates, benefits and provider listings click – CareConnect NSLIJ
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