Two managed-care ventures were announced last week in North Carolina.
Under one agreement, Duke University Medical Center in Durham and Sanus Corporation Health Systems, a subsidiary of New York Life Insurance Co., will discuss the creation of a regional managed-care company that will operate throughout the state. Officials of the two institutions said the proposed joint venture could be the largest of its kind in the country between an academic medical center and a major managed-care firm.
Under the letter of intent, Duke would provide access to its facilities, faculty physicians and network of community physicians and hospitals. Sanus will bring its expertise in developing managed-care systems. Sanus covers more than 1 million people through programs in 15 states.
The parties intend to submit final details to their respective boards after a 60-day negotiation period. Financial terms weren't disclosed.
Separately, Coastal Healthcare Group, a Durham-based physician management company, said it has received approval from North Carolina's Insurance Department to own and operate an HMO. Coastal Health Plan of North Carolina will have contracts with providers in 27 counties.