We are an innovative company with the right solution both for today's healthcare challenges and for the future of healthcare delivery. We were among the first healthcare providers in the country to adopt an operating model, which we call Coordinated-Regional-Care, that prefigures the objectives of healthcare reform—to improve quality, reduce cost and enhance overall patient care.
OUR PHILOSOPHY
To ensure that our patients receive the right care, at the right time, in the right setting, with efficiency and compassion.
MISSION
We are hospitals and affiliated medical groups working for the benefit of every person who comes to us for care. Our comprehensive networks aim to provide coordinated, personalized care.
QUALITY
We specialize in building comprehensive networks of quality healthcare services designed to meet the needs of our patients and members. Our goal is always to ensure high-quality outcomes.
BACKGROUND
Established in 1996, Prospect Medical Holdings, Inc. has grown into a significant provider of regional healthcare services in Southern California, Connecticut, New Jersey, Pennsylvania and Rhode Island.
Above all, we are committed to quality in all aspects of healthcare delivery, including:
- Striving for the best possible patient outcomes
- Maintaining the highest standards of patient safety
- Acting with integrity at all times
- Promoting open communication
- Collaborating to better serve the healthcare needs of our communities
BACKGROUND
Established in 1996, Prospect Medical Holdings, Inc. has grown into a significant provider of coordinated regional healthcare services in Southern California, Connecticut, New Jersey, Pennsylvania and Rhode Island.
MEDICAL GROUPS
Combined, our affiliated medical groups, including the medical groups that we manage, are a significant provider of managed care services. Each of our medical groups is a network of independent physicians that contracts with HMOs. In diverse areas, HMOs often find it more efficient to outsource the responsibility of providing physician services through medical groups. This collaboration between HMOs and medical groups is a well-established model in the markets we serve and is designed to motivate physicians to practice preventive medicine and reduce unnecessary procedures.
Affiliation with a medical group allows independent physicians to build their practices and HMOs to more efficiently contract for physician services and outsource certain medical management and administrative functions associated with those activities.
The company started when Prospect Medical Group, Inc.—one of our medical groups—began growing through a series of acquisitions and affiliations beginning in 1995. This included our expansion from California-based Orange and San Bernardino counties with the acquisition of ProMed Health Care Administrators and its affiliated medical groups in June 2007. This transaction increased the number of HMO enrollees to 80,000. Today, we arrange for the care of more than 500,000 members in our 25 owned or managed networks of more than 11,000 doctors and specialists in six states.
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