Georgia hospital pulls physicians, funding from joint venture

Citing financial pressure from the COVID-19 pandemic, University Hospital in Augusta, Ga., plans to withdraw from its joint venture with a 400-member physician group, according to a letter obtained by local news station WJBF.

University Hospital notified University Physicians Associates that it will remove its physicians and stop funding for University Health Link, the jointly owned physician-hospital organization that has about 30 managed care contracts.

After University Hospital ends its participation, the physicians group will become completely independent. 

University Physicians Associates Chair Chris Carlson wrote in a letter to its members that the hospital made the decision because it is facing a significant financial pressure due to COVID-19. 

When University Hospital withdraws Dec. 31, University Physicians Associates will take over the Health Link functions of contracting, credentialing and provider relations.

Mr. Carlson said the goal of transitioning to a completely independent organization is to remain financially strong while maintaining the same services. 

Read the full letter here

 

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars