Two physician-owned hospitals within the Indianapolis-based Indiana University Health System will likely seek nonprofit status soon, according to a Desert Sun report.
IU West in Avon is 20 percent physician-owned and IU North in Carmel is 40 percent owned by physicians. The system is currently negotiating to purchase the physicians' shares, but a deal has not yet been reached. System officials could not give a timeline.
Ron Stiver, senior vice president of IU Health, said the transition is due to provisions in the federal healthcare reform law restricting physician-owned hospitals from expansion.
Read the Desert Sun report on IU West and IU North.
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IU West in Avon is 20 percent physician-owned and IU North in Carmel is 40 percent owned by physicians. The system is currently negotiating to purchase the physicians' shares, but a deal has not yet been reached. System officials could not give a timeline.
Ron Stiver, senior vice president of IU Health, said the transition is due to provisions in the federal healthcare reform law restricting physician-owned hospitals from expansion.
Read the Desert Sun report on IU West and IU North.
Related Articles on Physician-Owned Hospitals:
Physician Hospitals of America, Texas Spine and Joint to Appeal Court Decision
HMA Enters Into Joint Venture With Physician-Owned Mississippi Hospital
5 Arguments For Physician-Owned Hospitals