PHP expands into LA
PHP Healthcare Corp. announced it will establish a statewide integrated health care delivery system and physician practice management company with Louisiana Medical Mutual Insurance Company (LAMMICO).
LAMMICO Practice Management (LPM), a subsidiary company, will establish a network of key health care providers, provide management systems and technology, and market the system to local managed care health plans. This business venture represents the first statewide integrated health care delivery system in Louisiana.
"As physicians, we have seen managed care companies attempt to erode our control over the delivery of care and to create a gap between the physician and the patient," says LAMMICO president and CEO Robert L. di Benedetto, MD. "Through this venture, LPM will create a physician friendly managed care environment that will close that gap and enhance the quality of care for people across the state."
As a result of the partnership, LPM is now owned 60% by LAMMICO (which is owned by its physician policy holders) and 40% by PHP. With physician and hospital participation, it is anticipated that ownership will ultimately be 30% by LAMMICO, 30% by aligned physicians, 20% by hospital partners, and 20 % by PHP.
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