St. David’s HealthCare acquires The Austin Diagnostic Clinic………….
RISKMANAGERS.US OPINION: Austin, Texas is basically a two hospital town. Both hospital systems have tried their best to discourage local employers from implementing Reference Based Pricing plans in recent years. After all why agree to earn less when secretive managed care contracts continue to pay top dollar? Other area providers such as Austin Diagnostic Clinic are known to have entered into direct agreements with Reference Based Pricing plans in the area at rates slightly above Medicare. Will St. Davids continue to honor these agreements?
Hospital system aligns with 154 physicians and providers
NEWS PROVIDED BY
Apr 04, 2018, 10:00 ET
AUSTIN, Texas, April 4, 2018 /PRNewswire/ — Today, St. David’s HealthCare announced the acquisition of The Austin Diagnostic Clinic (ADC)—a primary and specialty care physician group—and its plans to integrate ADC’s clinic operations into the St. David’s HealthCare system.
As part of the acquisition, which was effective on April 1, 2018, ADC will retain its name and operations, and it will align its 154 physicians and providers, as well as 700 employees, including technical and support staff, with St. David’s HealthCare.
“The Austin Diagnostic Clinic is comprised of exceptional physicians who are known for high quality, compassionate care and service,” David Huffstutler, president and chief executive officer of St. David’s HealthCare, said. “This acquisition will provide a platform for St. David’s HealthCare to expand access to primary and multispecialty care and will allow us to serve even more patients within the Central Texas community.”
A newly created board of directors, governed by physicians from ADC and St. David’s HealthCare, will oversee ADC’s operations.
“In order for us to continue providing care to our growing community, we felt that alignment with another entity was critical,” Dr. Ghassan Salman, chief executive officer of The Austin Diagnostic Clinic, said. “St. David’s HealthCare is a prestigious hospital system. We have developed a strong relationship with its leadership over the years. This was the natural decision.”
ADC’s main clinic is located inside St. David’s North Austin Medical Center. It has the largest number of specialties and providers housed within the hospital. Additional clinic locations include Cedar Park, Round Rock, Westlake, Steiner Ranch and Circle C in Southwest Austin, with nephrology locations in Georgetown, Kyle, Lockhart, Bastrop, San Marcos, Marble Falls and Luling.
St. David’s HealthCare
With more than 119 sites across Central Texas, St. David’s HealthCare includes seven of the area’s leading hospitals and is one of the largest health systems in Texas. The organization has been recognized with a Malcolm Baldrige National Quality Award—the nation’s highest presidential honor for performance excellence. St. David’s HealthCare is the third-largest private employer in the Austin area, with more than 10,200 employees.
St. David’s HealthCare is a unique partnership between a hospital management company and two local non-profits—St. David’s Foundation and Georgetown Health Foundation. The proceeds from the operations of the hospitals fund the foundations, which, in turn, invest those dollars back into the community. Since the inception of St. David’s HealthCare in 1996, more than $425 million has been given back to the community to improve the health and healthcare of Central Texans.
The Austin Diagnostic Clinic
The Austin Diagnostic Clinic is a group of 154 doctors and providers practicing in 21 medical specialties at nine locations throughout Central Texas. The organization’s vision is to be the premier multispecialty clinic providing compassionate care and excellent service. ADC doctors have been caring for Central Texans and their families since 1952.
Kat Harris or Erin Ochoa
Elizabeth Christian Public Relations
SOURCE St. David’s HealthCare