George Washington University has signed a definitive agreement that will offload financial responsibility for its struggling physician practice group to longtime partner Universal Health Services (UHS) while maintaining its existing academic and educational affiliations. Under the deal, in the works for months, the university’s Medical Faculty Associates (MFA) practice group will be folded into a new nonprofit entity controlled by UHS subsidiary, called Capital Medical Group. The new physician practice group “intends” to hire “the majority” of MFA physicians and staff, who would deliver care at the locations currently serviced by MFA—George Washington Hospital and Cedar Hill Regional Medical Center, as well as their affiliated outpatient sites.
Read the full article: George Washington University Locks Deal to Hand Off Debt-Ridden Physician Practice to UHS //
Source: https://www.fiercehealthcare.com/providers/george-washington-university-locks-deal-hand-debt-ridden-physician-practice-uhs