Two of the Most Experienced Renal Care Providers Form Joint Venture.PASADENA, Calif.--(BW HealthWire)--Aug. 18, 1997-- Fresenius Medical Care Fresenius Medical Care is a German company specializing in the production of medical supplies, primarily to facilitate or aid renal dialysis. It is 37%-owned by the health care company Fresenius SE. and Kaiser Permanente's Southern California Permanente Medical Group Form Company to Provide Care and Management Services for Kidney Disease Patients Enrolled in Kaiser Permanente or in other Health Care Plans Fresenius Medical Care North America (FMCNA FMCNA Fresenius Medical Care North America FMCNA Free Methodist Church of North America ) and the Southern California Permanente Medical Group (SCPMG SCPMG Southern California Permanente Medical Group ), the physician entity of Kaiser Permanente in Southern California, today announced that they have agreed in principle to create a new company to provide disease management services to kidney disease patients enrolled in managed care organizations. Boards of both organizations recently approved the establishment of this new organization yet to be named. The joint venture will deliver the complete range of specialized health care services necessary to manage the care of patients needing pre-dialysis and dialysis treatment to Kaiser Foundation Health Plan members and those of other health plans. The partnership links the largest integrated provider of dialysis services and products in the world with one of the largest and most experienced medical care organizations. Ben Lipps, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Fresenius Medical Care North America, said, "Together, we will be able to combine the knowledge and success of both organizations learned over many years to bring forward improved care to this group of patients with specialized needs. In addition, this venture will provide an opportunity for nephrologists, who have joined FMCNA in forming Renaissance Health Care Inc., to provide those dialysis and nephrological services not furnished by the Permanente Medical Groups on a right of first refusal Right of First Refusal In general, the right of a person or company to purchase something before the offering is made available to others. Notes: For example, a football team may have the right of first refusal on a player's contract. basis." Ramon Hannah M.D., Physician Regional Manager of Outside Medical Expense for SCPMG who oversees Dialysis and transplants at Kaiser Permanente said, "We hope to improve medical outcomes for thousands of patients nationwide by replicating SCPMG's highly successful model of care in combination with FMCNA's experience." Kaiser Permanente's care management for kidney disease patients has been cited as a possible national model for quality of dialysis care in the United States. Fresenius Medical Care North America has demonstrated leadership by improving outcomes and patient mortality through use of their extensive medical information system. Fresenius Medial Care North America is America's leading provider of renal dialysis products and services. With over 23,000 employees, the company provides dialysis treatment, manufactures and distributes dialysis products, performs diagnostic testing, offers home care services and conducts laboratory testing. It is a subsidiary of Fresenius Medical Care AG, the world's largest integrated provider of products and services for individuals with chronic renal failure chronic renal failure Chronic kidney failure Nephrology A slow decline in renal function, which may be 2º to chronic HTN, DM, CHF, SLE, or sickle cell anemia and, if extreme, leads to ESRD, mandating kidney dialysis; an abrupt decline in renal function may be . (NYSE NYSE See: New York Stock Exchange :FMS FMS - Flexible Manufacturing System (factory automation). ; Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. :FME) and is associated with Renaissance Health Care, Inc. The Southern California Permanente Medical Group comprises about 3,200 physicians who provide medical care to more than 2.5 million Kaiser Permanente members in Southern California. Kaiser Permanente is an Oakland, California-based group-practice medical care program serving 8.6 million members in 19 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . It encompasses the not-for-profit Kaiser Foundational Heatlh Plan and Kaiser Foundation Hospitals; independent Permanente Medical Groups, and Kaiser/Group Health in the Northwest. Nationwide, they include more than 87,000 employees and 9,885 physicians in all specialties. CONTACT: Fresenius Medical Care Howard Bilow 617-402-9000 x 6530 or Kaiser Permanente Cynthia Harding 818-405-3004 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion