Week in Review: Statewide ACO, appointments and spin-offs

Blue Cross & Blue Shield of Texas (BCBSTX) (Richardson, TX) and Tenet Healthcare Corp (Dallas, TX) agreed to collaborate to offer a statewide accountable care organization (ACO) model to deliver improved, sustainable patient care and help manage costs through Tenet’s Integrated Care Networks. This model of healthcare delivery is designed to improve outcomes in three categories: quality of care, patient experience and satisfaction, and cost efficiency. The collaboration will be available to BCBSTX PPO commercial patients at any of Tenet’s TX hospitals with an Integrated Care Network beginning January 1, 2015. Tenet’s Texas Integrated Care Networks currently include South Texas Care Connect (San Antonio, TX), Physician Performance Network of Houston (Houston, TX) and Sierra Providence Physician Performance Network (El Paso, TX). The agreement may be expanded to include health insurance marketplace patients over the life of the agreement

 

HCA Holdings Inc (Nashville, TN) appointed Robert Carrel as president of HCA Capital Division (Richmond, VA), effective January 1, 2014. Carrel served as CFO of the Capital Division since 2006. He replaces Margaret Lewis who is retiring after a 37-year career with HCA. As Capital Division president, Carrel will have responsibility for 17 hospitals in Virginia, New Hampshire, Kentucky, and Indiana. A search for a new Capital Division CFO is underway.

 

Kimberly-Clark’s (Irving, TX) board has authorized a potential spin-off of its healthcare business. Kimberly-Clark said Robert Abernathy, currently group president – Europe, global nonwovens and continuous improvement and sustainability, will become CEO of potential the company. If the spin-off is approved, the transaction would be completed by the end of Q3 2014.