What type of insurance is Prospect Medical Group?

What type of insurance is Prospect Medical Group?

Our doctors take all types of insurance: Medicare, Medicaid/Medi-Cal, Commercial and Health Insurance Exchange health insurance plans.

Who owns Prospect Medical Holdings?

Prospect Medical Holdings has two principal ownership groups: Leonard Green, which owns 60%, with the remainder owned by Prospect Medical Chief Executive Samuel Lee and his business partner, David Topper.

Is Prospect Medical an IPA?

Prospect Medical currently manages over 20 Independent Physician Associations (IPAs) and networks. To find a physician with one of our groups, please click here, select the advanced search option and enter the medical group you are seeking.

Is Prospect Medical Holdings for sale?

Prospect Medical Holdings, based in Los Angeles, put its East Coast hospitals up for sale in October. Prospect Medical Holdings Inc., the Los Angeles company that owns Crozer Health in Delaware County, on Thursday announced a preliminary agreement to sell its Connecticut hospitals to Yale New Haven Health.

What is the difference between a medical group and an IPA?

An IPA allows physicians who aren’t one, combined corporate entity, to enjoy the benefits of a larger organization. They don’t have a legal relationship with one another, they remain independent practices. A medical group is collection of doctors who have partnered with one another, contractually.

What is an IPA in healthcare?

An independent physician association (IPA) is a business entity organized and owned by a network of independent physician practices for the purpose of reducing overhead or pursuing business ventures such as contracts with employers, accountable care organizations (ACO) and/or managed care organizations (MCOs).

Is Prospect Medical Holdings publicly traded?

The rosy numbers helped attract a buyer for Alta in 2007: Prospect Medical Holdings, a small, publicly traded company that managed 10 physician groups.

Is Christiana buying crozer?

ChristianaCare looking to acquire Crozer Health from Prospect Medical Holdings. Wilmington, Delaware-based ChristianaCare Health System is moving to acquire Crozer Health’s hospitals and related businesses from Prospect Medical Holdings, the organizations announced Friday.

Who bought Crozer hospital?

Prospect Medical Holdings, Inc
Today, the health system is home to two additional hospitals: Taylor Hospital in Ridley Park, Pa.; and Springfield Hospital in Springfield, Pa. In July 2016, Crozer Health was acquired by Prospect Medical Holdings, Inc.

Should I join an IPA?

“Determining if you should join one depends on many factors. Often, small practices find IPAs advantageous in achieving savings, support, structure, and networking.” While your practice remains independent, an IPA is a legal entity and you do sign a contract to join. So it is important to be clear on the ins and outs.