State health care officials see a likely limited impact on spending associated with Steward Health Care’s acquisition of a physician network in the Worcester County and Springfield areas and have opted against conducting a full cost and market review of the transaction.

The roughly 200 physicians in the Central Massachusetts Independent Physician Association will likely receive “slightly higher rates” after joining Steward Health Care Network commercial contracts, according to the Health Policy Commission’s preliminary examination, but the transaction “would likely have a limited impact on health care spending and market function.” The commission added the parties plan to use analytic resources to better manage patient care.

“The HPC will continue to monitor the parties’ cost trends, including progress on their stated goals, as part of its ongoing assessments of the commonwealth’s health care market,” commission spokesman Matt Kitsos said in a statement.

The commission, which serves as a check on health care spending, does not currently have any cost and market impact reviews underway, but is reviewing three “material changes notices” submitted in connection with health care industry transactions.

HPC Sees Limited Spending Impacts In Steward Acquisition

by Banker & Tradesman time to read: 1 min
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