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CMS Awards $88.5M Loan To Massachusetts For New Health Insurance Model: Minuteman Health

Stocks in this article: VHS

"The nearly 1,600 physicians of the New England Quality Care Alliance are excited to be part of the innovative network being established by Minuteman Health," said Jeff Lasker, MD, CEO of NEQCA. "We believe we can lower costs and improve patients' health by aligning the consumer's voice and the physician's expertise. The establishment of this plan through CMS allows us to design insurance products from scratch that best fit patients' needs and today's health care environment."

Erik Wexler, President of the New England Market for Vanguard Health Systems and President and CEO of Saint Vincent Hospital, hailed the CMS loan announcement as a "milestone moment for a state that has been a consistent leader in health care innovations."

"Vanguard takes great pride in our involvement in innovative health concepts around the country, and the Minuteman Health initiative is a significant example of organizations working together to create a new program aimed at improving how heath care is offered and managed," Wexler said. 

About Tufts Medical Center  Tufts Medical Center is an exceptional, not-for-profit, 415-bed academic medical center that is home to both a full-service hospital for adults and Floating Hospital for Children. Conveniently located in downtown Boston, the Medical Center is the principal teaching hospital for Tufts University School of Medicine. Floating Hospital for Children is the full-service children's hospital of Tufts Medical Center and the principal pediatric teaching hospital of Tufts University School of Medicine. Tufts Medical Center is affiliated with four community hospitals and with New England Quality Care Alliance, its community physicians' network. Please visit: www.tuftsmedicalcenter.org.

About New England Quality Care Alliance (NEQCA) New England Quality Care Alliance is the award winning, not for profit, physician network of Tufts Medical Center. NEQCA is comprised of almost 500 primary care physicians and pediatricians along with more than 1,100 specialists, located in practices across Eastern Massachusetts, from the Merrimack Valley to Cape Cod. The NEQCA network is integrated with Tufts Medical Center, the principal teaching hospital for Tufts University School of Medicine and the Floating Hospital for Children, the full-service children's hospital of Tufts Medical Center and the principal pediatric teaching hospital of Tufts University School of Medicine. For more information, please visit: www.neqca.org.

About Vanguard Health Systems www.vanguardhealth.com The Company owns and operates 28 acute care and specialty hospitals and complementary facilities and services in metropolitan Chicago, Illinois; metropolitan Phoenix, Arizona; metropolitan Detroit, Michigan; San Antonio, Texas; Harlingen and Brownsville, Texas; and Worcester and metropolitan Boston, Massachusetts. The Company's strategy is to develop locally branded, comprehensive healthcare delivery networks in urban markets.

SOURCE Tufts Medical Center

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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