publication date: Jul. 18, 2014
University of Arizona Health Network to Form Statewide Health Care Organization
THE UNIVERSITY OF ARIZONA HEALTH NETWORK executed a principles-of-agreement document with Banner Health to create a statewide health care organization and a comprehensive new model for academic medicine. This agreement is intended to lead to final agreements in September.
The anticipated transition of 6,300 employees from the university health network’s two hospitals, the health plan and the medical group to Banner Health will create Arizona’s largest private employer, with more than 37,000 employees.
The final agreements must also be approved by the Arizona Board of Regents and the boards of directors of the two parties.
The key elements of the proposed transition include: creating an Arizona-based, statewide health system; expanding the University of Arizona Medical Center capabilities for academic/clinical programs such as transplantations, neurosciences, genomics-driven precision health, geriatrics, and pediatrics; eliminating the debt burdening the university health network, currently projected to be $146 million; improving hospital infrastructure, including the $21 million purchase of land currently leased to UAMC and $500 million within five years to expand and renovate the medical center; and creating a $300 million endowment.
ROSWELL PARK CANCER INSTITUTE was granted approval to begin genomic testing of cancer patients by the New York State Department of … Continue reading 40-29 In Brief: University of Arizona Health Network to Form Statewide Health Care Organization
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