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"This actually sort of is a peek at the future of what a combination of these payers and delivery systems combined is going to look like. "My sense is this is the first of other types of alliances and partnerships that will occur not just in the Twin Cities but nationally," he said. The move puts HealthPartners and Park Nicollet among a growing trend of strategic partnerships between insurers and hospitals, said Director Stephen Parente of the U of M's Medical Industry Leadership Institute. The new nonprofit would be a health care delivery and finance organization named HealthPartners with 1,500 physicians. If approved by federal regulators, the agreement would go into effect January 1. The boards of directors for HealthPartners and Park Nicollet Health Services said Thursday they signed an agreement to combine operations.
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“I’m grateful to our team for their innovative spirit and dedication.Two key players in Minnesota health care have announced they want to merge. These steps anticipate the changing needs of our patients, members and the community, and position HealthPartners for the future,” HealthPartners CEO Andrea Walsh said in a news release. “Consumer preferences are evolving and affordability pressures are real.
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The others are the Park Nicollet Shorewood Clinic, the Riverside clinic in Minneapolis, the Westfields HealthStation in New Richmond, Wis., and the Central Minnesota clinic in St. Paul’s Highland Park and Cottage Grove, its Stillwater Medical Group clinic in Mahtomedi and its behavioral health clinic in Maplewood were among eight facilities that would not reopen after suspending operations earlier this year. The Bloomington-based nonprofit health care provider announced Wednesday that its clinics in St. Paul as the company seeks to cut costs and expand its telemedicine offerings in response to the COVID-19 pandemic. HealthPartners will permanently close four east metro clinics and shutter its substance abuse program at Regions Hospital in St.
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