| jpwphh | Date: Friday, 2013-08-23, 9:37 PM | Message # 1 |
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| rest of the world Penn call off sale
The canceled merger of <a href=http://uminomegumi.com/ugly.html>アグムートンブーツ
</a> West <a href=http://colloidalsilverhowto.com/vogue.html>ugg偽物
</a> Penn Allegheny Health System and Highmark Blue Cross Blue Shield means the end of a $475 million deal that could have put Highmark in the healthcare delivery business.
But could that scuttled deal be good news for thousands of Eriearea Highmark customers who receive care from UPMC Hamot and its medical practitioners?
jack Isherwood, Chairman of West Penn's board of administrators, Said he's open to further chats with Highmark but doesn't believe bankruptcy is the right move.
"To people, Bankruptcy is not the first option, It's the last option, he explained.
Dausey said Friday that he was surprised the two are going their separate ways. What didn't surprise him was Highmark's hard work to steer West Penn into bankruptcy, A procedure that would allow it to restructure and even eliminate debt.
Bankruptcy seemed like an acceptable alternative, Dausey believed.
"gulf Penn, To be rather blunt, Is blood loss money. this was needed capital, he said.
"It's surprising that both parties let it come down to this point. they are yet to so much vested in this,
One product of the sale promise, arrived tentatively in 2011, Was tremendously icy relationship between Highmark, Which serves at least 2.5 million insurance customers in western philadelphia, And the University of Pittsburgh medical center.
UPMC called off reimbursement negotiations with Highmark at one point, Claiming it didn't make sense to work alongside an insurer that would have its own healthcare facilities. That dispute has been determined, But only briefly.
Under a announced in May by Gov. craig Corbett, Highmark members have innetwork access to UPMC doctors and hospitals, like UPMC Hamot, out of 2014.
The expiration of that agreement could force difficult decisions for Highmark customers who turn to UPMC Hamot and its physicians for care. As it is used, Highmark shoppers would then face higher, Outofnetwork rate.
A stalled merger could put a new face on the relationship between Highmark and Pennsylvania's largest healthcare provider.
"I think it potentially gives both Highmark and UPMC to be able to reconsider and play nice, Dausey pronounced. "this give them an excuse to patch things up and heal wounds when their contract is set to expire,
Caroline Manino, spokeswoman for UPMC Hamot, <a href=http://derkzenmotorsports.com/fashion.html>uggサイズ
</a> Said Friday that UPMC had no surrounding comment.
Dausey said he's not sure where Friday's go to leaves Highmark.
"They bet the pony for this thing with West Penn, he was quoted saying.
In an argument released Friday, Highmark denied it had breached any promise between itself and West Penn.
The article said in part: "Highmark continues to believe that an affiliation between Highmark and WPAHS is in the needs of both parties, above all of <a href=http://teibunsifucoidanya.com/cozy.html>アグブーツ激安
</a> the entire community,
West Penn's statement leaves open the potential for continued negotiations with Highmark. But Dausey charm if another suitor might step in.
"I think it's unusual make use of them reject bankruptcy, he was quoted saying of West Penn. "One has to wonder whether they would look for an excuse to get out of the deal,
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