I’ve always thought that the “great consolidation” amongst health systems will lead to large regional Kaiser-esque models, where the payors, clinicians, and facilities are integrated. What’s really interesting about Jaewon Ryu’s statement below is he says Geisinger is the “first inaugural member.” That makes me think Risant Health isn’t done, it wasn’t just a singular acquisition, but will be the first of many other “member” organizations that will lead to a huge conglomerate across the nation. What do you think? Am I reading into this too much? Or will Risant rival HCA + UHC in its ability to gain market share through vertical integration of clinical and health plan assets?
Our founder, Abigail Geisinger, famously said to “make my hospital right; make it the best.” In 1915, that meant building the best hospital and having the best doctors and nurses. Today, making it the best also means having the best technology, digital tools, data and analytics, creating the best consumer experience, and so much more – all coming together to deliver the best care possible to improve the health of our communities. That is why Geisinger is proud to formally join Risant Health as its inaugural member, which will accelerate our vision to make better health easier for the communities we serve here in Pennsylvania and to be a part of a solution that we believe can transform health care in America. And we are excited to join in that path with Kaiser Permanente, a world-class organization and kindred spirit that has long been the gold standard in positively impacting the health of populations and communities. But none of this would be possible without the tremendous foundation that has been built here over so many years by so many people, to make Geisinger a leader in advancing the best health of communities. Big shout-out and thanks to our team members, our board of directors, and our communities that support us and entrust us with their health. It is truly an exciting day for us as we enter this bright future ahead.
Sandeep Palakodeti, MD MPH Kaiser has allocated $5B to acquire 5 hospitals. $1B was spent on Geisinger, the first one.
I think Hospitology covered this as well, but yes, it seems they have plans to wrap up many more health systems
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4moHave you looked at Geisinger's financials prior to acq? I think Risant will attempt to build a network of Payviders and while I do believe an IDN is the closest thing to an IPU at the enterprise level, I feel that the current payment mechanisms/regulation limit this model to succeed. I am glad there's a big player in the space because we need more integrated systems.