Would an Anthem-HCSC Merger Impact North Texas?

With the departure of two top leaders at Illinois-based Health Care Services Corporation, which owns Blue Cross Blue Shield of Texas, some have speculated about a merger between Anthem, which operates BCBS programs in New York, California, and other states, and HCSC. “We live in interesting times and conventional strategy and timid tactics have gone by the wayside,”writes Britt Berrett, former President of Texas Health Presbyterian Hospital Dallas and current UT Dallas professor. “The future will be filled with bold and innovative ideas. HCSC will most definitely pursue a more aggressive and innovative path and Anthem may be part of their… Full Story

THR and Premier Inc. Form Joint Supply Chain Venture

Texas Health Resources and Premier Inc have partnered to form a supply chain organization called Texas Health Supply Chain Services in an attempt to manage costs. THR’s 26 hospitals and numerous other facilities have worked with healthcare services company Premier for more than 20 years, but they will be more intertwined with the new joint venture. Premier connects more than 4,000 hospitals and health systems in the U.S. and about 165,999 other providers and organizations to provide analytics, supply chain solutions, consulting and other services. The two companies hope to reduce costs and inefficiencies with the partnership. “As we focus… Full Story

Conifer CEO Steps Down Amid Spin-off From Tenet

Conifer Health Solutions CEO Stephen Mooney is leaving his position as Tenet Healthcare plans for a tax-free spin-off of Conifer Health Solutions into its own public company. The new company is meant to maximize Conifer’s value after Tenet’s strategic review process analyzed it’s future.   Tenet has appointed Kyle Burtnett, Chief Operating Officer of Conifer, as the interim CEO while it conducts a national search for a permanent Conifer CEO. Burtnett has been Conifer COO since 2017, and was previously the President of Ambulatory Services and Chief Integration Officer for Tenet’s United Surgical Partners International subsidiary.  Tenet CEO Ronald Rittenmeyer said via… Full Story

VC Funding of Digital Health is Higher than Ever

Global venture capital funding for digital health companies in 2019 increased in quarter one and quarter two relative to last year, reaching $5.1 billion for the first half of 2019, according to a Mercom Capital Group report. In the first half of 2019, 14 digital health funding deals originated in Texas, raising nearly $162 million for companies in the Lone Star State. Eight acquisitions of Texas digital health companies took place over the same period, according to the report. Digital health VC investment was slightly higher than last year, totaling $5.1 billion with 318 deals in the first half of… Full Story

Medical City Healthcare Acquires Eight North Texas Urgent Care Locations

HCA Healthcare has purchased 24 MedSpring urgent care centers from Fresenius Medical Care, eight of which are in North Texas. They will rebranded as CareNow Urgent Care. Medical City Healthcare is the largest provider of urgent care in North Texas, and CareNow will now have 45 locations in the region after the acquisition. In 2018, these locations served 10 percent of the Dallas-Fort Worth population with 770,000 patient visits. Nationwide, CareNow has 160 urgent care centers. “This acquisition creates more access to the quality health care services our community needs, when and where they need them,” said Erol Akdamar, president of… Full Story

In $200 Million Deal, AMN Healthcare Acquires Therapist Staffing Agency

AMN Healthcare has reached an agreement to acquire Advanced Medical Personnel Services for $200 million, with up to $20 million more to be paid based on the performance of AMPS. The Dallas-based healthcare workforce solution and staffing services company is looking to add therapist staffing services to make it a more comprehensive force in the medical staffing marketplace. AMPS places therapists and nurses in hospitals,, skilled nursing facilities, home health, positions on a contract basis, and has set itself apart with its ability to serve a wide number of schools with telehealth capabilities. “We are thrilled that the innovative team… Full Story

NTT Data Services Acquires Cognosante Consulting

Plano-based global technology company NTT DATA Services has acquired Cognosante Consulting, the consulting arm of health technology services company Cognosante. The consulting organization serves Health and Human Service agencies who are undergoing large-scale Medicaid and other business transformation. For nearly three decades, they have worked with 48 states and the federal government. More than 250 consulting resources and intellectual property will be added to NTT DATA Services “The acquisition of Cognosante’s consulting practice immediately establishes us as a leader in a growing health and human services market and enhances the value we can deliver to our clients in the public sector and… Full Story

Why the Canceled Baylor-Memorial Merger Might Be Good For Hospital Quality and Cost

When Baylor Scott and White and Memorial Hermann announced a now-canceled merger in October, leaders on both sides of the deal spoke about how the increased scale would improve efficiency while sharing of best practices would improve the quality of care. Promises of lower prices and improved care make the merger look like a no-brainer, but numerous studies call these claims into question. A New York Times article details research that shows how a concentrated and less competitive healthcare market results in worse care for patients, especially those whose health insurance is paid for by the government. The merger would… Full Story

Following Nixed Baylor Merger, Memorial Hermann CEO to Step Down

CEO and president of Memorial Hermann Health System Chuck Stokes will retire from the Houston-based provider at the end of the year, according to the Houston Business Journal. He has been in the position less than two years. Stokes has been with Houston’s largest nonprofit health system since 2008, serving as executive vice president and chief operating officer before he became CEO in July 2017. “I have penned many memos in my 40-year career, but none as difficult as this,” HBJ reports. “It is with bittersweet emotions and profound gratitude that today I announce my decision to retire at the… Full Story

Five Possible Reasons the Baylor Scott and White Merger Didn’t Happen

Execs from Baylor Scott and White and Memorial Hermann haven’t released any information about why they called off the merger—other than their belief that they can achieve their goals separately—leading many in the industry to speculate as to how they came to that conclusion. Allan Baumgarten, who prepares the Texas Health Market Review every two years and has extensive knowledge of the healthcare business in Texas and nationwide, indulged my speculative questioning and shared five reasons that may have been the reason the merger was eighty-sixed. The prospect of a lengthy and expensive anti-trust challenge Baumgarten says that even though… Full Story