Another hospital system is teaming up with another physician group, but in the joint venture between Adventist HealthCare—a five-hospital, Rockville, Md.-based system—and 700-physician, Washington-based GW Medical Faculty Associates, the physician group will be in charge of running the business and contracting with doctors, according to a news release.
Md. system, doc group launch joint venture
Also, a goal of the deal is to grow the number of employed physicians, but the doctors will be employees of the joint venture and not the hospital system, according to the release. In fact, the release noted that this also applies to “all current and future Adventist Medical Group physicians” as well as their staffs.
According to Adventist spokesman Thomas Grant, the two organizations have formed a limited-liability company called Adventist Medical Faculty Associates. In an e-mail, Grant added that it will not operate as an accountable care organization and that Adventist Health Care and GW Medical Faculty Associates “will have equal weight on a committee overseeing the group.”
The Adventist Medical Group has 14 employed doctors. Adventist Healthcare has four hospitals in Maryland and one in New Jersey.
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