Hospital of the University of Pennsylvania and Independence Blue Cross Launch Surgical…
What happened
The Hospital of the University of Pennsylvania and Independence Blue Cross are launching a new company to expand patient access to surgical care. The partnership combines Penn Medicine's clinical expertise with Independence Blue Cross's experience in improving access and affordability. The organizations plan to expand high-quality surgical care in outpatient settings across the region.
From prnewswire.com
Why it matters
The partnership is designed to meet growing demand for outpatient surgery while driving down the cost of care in the region. Outpatient surgical volumes are projected to grow 20 percent through 2035. The new model utilizes Ambulatory Surgical Centers (ASCs), where facility fees can approach half of those charged in traditional hospitals.
From prnewswire.com
Who's involved
- Hospital of the University of PennsylvaniaProvides nationally recognized clinical expertise and a leading physician network.
- Independence Blue CrossContributes experience in improving access, affordability, and the health care experience for members.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PennsylvaniaSpeculative
The market shift toward lower-cost ASCs might impact state healthcare costs and delivery.
- Blue Cross Blue Shield AssociationSpeculative
The industry trend toward cost-effective managed care might affect its peripheral business.
How this reaches others
Each traced step by step, with the reporting behind itKeep exploring
The entities involved
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Hospital of the University of Pennsylvania
hospital in Philadelphia, Pennsylvania
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Independence Blue Cross
health insurance company