When Provider Networks Go Global
According to HealthLeaders Media:
South Carolina‐based Companion Global Healthcare added three Singapore hospitals to its network. The deal now allows Americans access to medical and surgical services at ParkwayHealth operated hospitals at pre‐negotiated, in‐network rates lower than those of U.S. hospitals…
David Williams, consultant and cofounder of MedPharma Partners LLC[, notes,] “It may be a bit of a wake‐up call to the local hospitals in South Carolina, putting them on notice that they are facing a broader set of competitors.”
More than one million members of Blue Cross Blue Shield and BlueChoice HealthPlan of South Carolina now have access to the three Singapore hospitals—Mount Elizabeth, Gleneagles, and East Shore—at preferred network rates. The hospitals are accredited by the Joint Commission International, the affiliate of The Joint Commission.
Competition is healthy. (You know what? That’s catchy.)
