Rockville, Md.-based Adventist Healthcare has given up some corporate control and formed a joint venture with a group of 700 independent physicians based in Washington, D.C., to expand the Adventist physician base, according to a practice news release.
Consisting of physicians in 48 specialties, George Washington Medical Faculty Associates is the largest independent physician group in metropolitan Washington. It will be primarily responsible for business functions and contracting with physicians in the joint venture.
Under the agreement, all current and future Adventist physicians will be employees of the new joint venture and will be overseen by both Adventist and the MFA
Financial details of the transaction were not disclosed.
Related Articles on Physician Groups and Hospitals:
OhioHealth Sues Cardiology Group Over Non-Compete
Physician Employment Soars at 3 Memphis Health Systems
9 Hospitalists Leave Pennsylvania’s PinnacleHealth Over New Administrative Policy
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
