Company Profile
Company Overview
“We are hospitals and affiliated medical groups, working closely together for the benefit of every person who comes to us for care. We build comprehensive networks of quality healthcare services that are designed to offer our patients highly coordinated, personalized care and help them live healthier lives. Through collaboration, we strive to provide all of our patients and medical group members with the quality, affordable healthcare they need and deserve.”
Prospect Medical is a family of mission-focused healthcare professionals offering hospital and community-based health services. In partnership with their physicians, their hospitals and affiliated medical groups are committed to high-quality healthcare services tailored to the unique needs of the communities they serve.
Above all, Prospect is committed to quality in all aspects of healthcare delivery, including:
· Striving for the best patient outcomes
· Maintaining the highest standards of patient safety
· Acting with integrity at all times
· Promoting open communication
· Collaborating to better service the healthcare needs of their community
And growing …
6 STATES 20 HOSPITALS
Our Model of Coordinated Regional Care - The Next Generation Healthcare System
Prospect has been growing its business geographically primarily by acquiring health systems and now has 20 hospitals and several inpatient facilities which provide various combinations of mental health and skilled nursing services in 6 geographic markets in Southern California (Los Angeles, Orange County and the Inland Empire), Texas, Rhode Island, Connecticut, Pennsylvania and New Jersey. Our growth model is well poised to expand into other geographic markets. As a matter of strategy, Prospect has aligned the acquired hospitals with its employed and affiliated physicians through the development of IPAs in each existing and new market. Now there are company owned and developed IPAs in every major market—and IPAs will be developed as a lead component of its Coordinated Regional Care strategy in entering any new markets through hospital acquisition. The Coordinated Regional Care strategy is the primary reason health systems have selected Prospect as their capital and operations partner.
All of these activities are designed to move the company farther and faster toward the integrated coordinated regional care system designed to assume and manage both professional and institutional risk from payers. Prospect believes that this is the surest way to secure its place in the post-reform healthcare system.