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“I do wish that society and our citizenry would recognize that for insurance to really work, all of us have to distribute the risk over a large population that includes healthy people, so that everyone can be covered," says Dr. John Murphy.
About 700 patients are newly diagnosed with cancer each year at Norwalk Hospital, according to Linda Versea, APRN, executive director oncology service line, Western Connecticut Health Network, to which the hospital belongs.
The trials are being conducted in a partnership between Norwalk and New York's Memorial Sloan Kettering; Norwalk is the first hospital in the state to offer all four trials.
Claudia Gruss also serves as a clinical educator with the Yale-affiliated gastroenterology fellowship program at Norwalk Hospital.
Hospitals statewide earned $464 million in income from nonoperating sources of revenue for the fiscal year ending Sept. 30, 2017, a 10 percent decrease from the previous year.
The fees are collected for a range of services, such as eye surgery and psychotherapy, performed at off-site facilities run by hospitals and health networks.
Formativ Health will handle registration, scheduling and insurance verification, among other duties.
The 250,000-square-foot facility is scheduled to open in 2021, pending city approval, according to the hospital.
“This isn’t just about Western Connecticut Health Network,” said Dr. Benjamin Greenblatt. “This is something that can benefit hospitals and patients everywhere.”
Patients from AFC’s nine Fairfield County urgent care locations will have improved access to primary and specialty care practices within WCMG.
Within the county, Stamford Hospital led with nearly $36.3 million in revenues.
If approved by authorities including the FTC, the move will create a new seven-hospital, $2.4 billion enterprise.
The agreement is the latest evidence of a growing trend for players in the health care space: Look for opportunities to join forces, or risk being left behind.
Gudis is a managing partner at Backcast Partners Management LLC, a private capital investment fund with offices in New York City, Los Angeles and Milford, New Jersey.