Health System Competition for Physician Affiliation Offsets Physician Challenges with Insurers, According to New Report from HealthLeaders-InterStudy NASHVILLE, Tenn., Oct. 6
NASHVILLE, Tenn., Oct. 6 /PRNewswire/ -- HealthLeaders-InterStudy, a
leading provider of managed care market intelligence, reports that the
healthcare market in the Columbia, S.C. region is largely defined by a
fragmented physician market as well as highly competitive health systems.
According to the new Columbia Market Overview, the physician segment is
characterized by small groups with little interest in consolidation, which has
brought challenges to physician contract negotiations as the market is
dominated by a small group of insurers.
Physicians in the Columbia market, however, benefit from the highly
competitive health system segment. Lexington Medical Center, Palmetto Health
and Sisters of Charity Providence Hospitals are the dominant players in the
region. As regulatory battles between these organizations continue to slow the
development of new services and facilities, physician group affiliations and
acquisitions will provide each health system opportunities for growth.
"The rivalry has created an environment in Columbia, S.C., whereby
expansion plans often include significant legal services activity because of
staunch opposition by the area health systems," said Dave Raiford, market
analyst with HealthLeaders-InterStudy. "A case in point is the construction of
a new $99 million Palmetto hospital in Irmo that will likely be delayed as
Lexington and an out-of-market hospital contest Palmetto's plans. In place of
physical expansion efforts, look for these local hospitals to turn more
attention to developing physician networks to sustain their revenue and
referral bases."
About Market Overviews
Market Overviews provide a detailed analysis of local healthcare markets,
allowing healthcare businesses to plan their local strategies. In addition to
the 75 metropolitan statistical areas covered in our individual market
reports, HealthLeaders-InterStudy will be producing the following NEW Market
Overview reports in 2008:
Baton Rouge, La. Madison, Wis.
Cape Coral/Fort Myers, Fla.Portland, Maine
Charleston, S.C. Southern New Jersey
Colorado Springs, Colo.Spokane, Wash.
Columbia, S.C. Springfield, Mass.
Lexington, Ky. Wilmington, Del.
About HealthLeaders-InterStudy
HealthLeaders-InterStudy, a Decision Resources, Inc. company, is the
authoritative source for managed care data, analysis and news. For more
information, please visit www.HealthLeaders-InterStudy.com .
About Decision Resources, Inc.
Decision Resources, Inc. is a cohesive portfolio of companies that offers
best-in-class, high-value information and insights on important sectors of the
healthcare industry. Clients rely on this analysis and data to make informed
decisions. Please visit Decision Resources, Inc. at
www.DecisionResourcesInc.com .
All company, brand or product names contained in this document may be
trademarks or registered trademarks of their respective holders.
For more information, contact:
Lisa Osgood Elizabeth Marshall
HealthLeaders-InterStudy Decision Resources, Inc.
781-296-2606 781-296-2563
losgood@hl-isy.comemarshall@dresources.com
SOURCE HealthLeaders-InterStudy
