Citing financial pressure from the COVID-19 pandemic, University Hospital in Augusta, Ga., plans to withdraw from its joint venture with a 400-member physician group, according to a letter obtained by local news station WJBF. University Hospital notified University Physicians Associates that it will remove its physicians and stop funding for University Health Link, the jointly owned physician-hospital organization that has about 30 managed care contracts. After University Hospital ends its participation, the physicians group will become completely independent.
Read the full article: Georgia Hospital Pulls Physicians, Funding from Joint Venture //
Source: https://www.beckershospitalreview.com/hospital-physician-relationships/georgia-hospital-pulls-physicians-funding-from-joint-venture.html