Geisinger, Highmark sign LOI to create joint venture, health campus

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Danville, Pa.-based Geisinger Health System and Pittsburgh-based Highmark, a Blue Cross Blue Shield-affiliated organization, inked a letter of intent to establish a clinical joint venture. 

Under the LOI, the companies will explore creating a clinical network for Highmark and Geisinger Health Plan policyholders in four counties in north central Pennsylvania. The value-based network would include Medicare Advantage plans.

Preliminary plans of the joint venture include building a health campus in Montoursville, Pa., to increase community members' access to care locations. The specific site and ownership of the campus has yet to be determined.

"The goal of this new facility will be to deliver important medical services and clinical capabilities in the local community," said Lynn Miller, Geisinger executive vice president and chief administrative officer of clinical enterprise. "We are currently assessing community needs and levels of appropriate investment to meet those needs."

Financial and structural details of the joint venture were not disclosed.  

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