Hoag Announces Investment in Newport Bay Surgery Center
Center is leading single-specialty Ophthalmology facility in Orange County; Partnership between Hoag, physicians paves way for broad alignment around eye care
NEWPORT BEACH, Calif. – (October 14, 2014) — Hoag Memorial Hospital Presbyterian and Newport Bay Surgery Center, one of the premier Ophthalmology surgery centers on the west coast, today announced that Hoag has invested in the surgery center, creating a partnership between the physician-owners and Hoag that paves the way for a broad alignment around eye care.
The facility, located at 3333 West Coast Highway in Newport Beach, contains three operating rooms and a host of state-of-the-art equipment for Ophthalmology procedures, making it one of the most advanced and specialized centers for eye care on the west coast. Opened in 2006, the center has more than 35 doctors on its medical staff, and performs over 5,000 procedures each year.
The investment by Hoag represents the latest in a trend of physician specialists and hospitals aligning for more systematic and integrated approaches.
“We are excited to announce the new partnership with Hoag, which has been in the planning stages for a long time,” said Lee Novick, M.D., one of Newport Bay’s physicians. “This relationship will strengthen our center and our doctors in ways that are meaningful for our patients, especially with future changes to health care.”
Hoag’s decision to invest in the center continues the momentum, strengthening its alignment with top physicians in the region.
“Hoag has always been privileged to be the hospital home for many of the premier specialists on the west coast, and we are excited when we can find ways to make those relationships stronger and more formal,” said Robert T. Braithwaite, president and CEO of Hoag. “In many ways, this announcement signals our continued commitment to partner with and empower physician leaders to help guide and shape our path ahead.”
The announcement also enhances each party’s ability to address community needs, and the challenges posed by changes in the health care landscape.
“Hoag is focused on meeting the needs of our community,” remarked Braithwaite, “And while eye care is a service for all age groups, it’s absolutely fundamental for our senior population, many of whom view their ophthalmologist as one of their primary physicians. As Hoag continues to evolve and grow as a leading regional health system and part of the St. Joseph Hoag Health network, these relationships – with the doctors and the surgery center – are very important.”
“Hospitals, health systems, doctors, surgery centers… all of us must find ways to work more collaboratively together to meet the needs of patients, employers, and insurers. We must be able to deliver quality care more efficiently and with better patient service,” remarked Trung Nguyen, a Newport Bay physician. “We’ve done that very well since 2006 at Newport Bay Surgery Center, but the community need is bigger than what we can do alone. Our hope is that this announcement is only the first step toward a broader relationship with Hoag that truly improves eye care throughout Orange County.”
The Newport Bay Surgery Center is the second surgery center that Hoag has invested in with Sovereign Healthcare, a leading management company headquartered in Orange County. Sovereign joins with Hoag in making an investment in Newport Bay Surgery Center, and will, over time, transition into the day-to-day management of the center. Progressive Surgical Solutions, which has managed the center since its inception in 2006, will remain in its current role in the near term. Sovereign will immediately begin providing strategic guidance to the center and assist the physicians and Hoag with growth plans.
For more information about Newport Bay Surgery Center, please visit www.newportbaysc.com.
ABOUT HOAG MEMORIAL HOSPITAL PRESBYTERIAN
Hoag is an approximately $1 billion nonprofit, regional health care delivery network in Orange County, California, that treats more than 24,000 inpatients and 362,000 outpatients annually. Hoag consists of two acute-care hospitals, six health centers, and six urgent care centers. Hoag Hospital Newport Beach, which has served Orange County since 1952, and Hoag Hospital Irvine, which opened in 2010, are designated Magnet hospitals by the American Nurses Credentialing Center (ANCC). Hoag offers a comprehensive blend of health care services that includes five institutes providing specialized services in the following areas: cancer, heart and vascular, neurosciences, women’s health, and orthopedics through Hoag’s affiliate, Hoag Orthopedic Institute. In 2013, Hoag entered into an alliance with St. Joseph Health to further expand health care services in the Orange County community, known as St. Joseph Hoag Health. Hoag has been named one of the Best Regional Hospitals in the U.S. News & World Report Metro Edition. National Research Corporation has endorsed Hoag as Orange County’s most preferred hospital for the past 18 consecutive years and, for an unprecedented 19 years, residents of Orange County have chosen Hoag as one of the county’s best hospital in a local newspaper survey. Visit www.hoag.org for more information.
ABOUT SOVEREIGN HEALTHCARE
Sovereign Healthcare is a premier management services company that works with leading physicians to take-on the business side of medicine, from strategic planning to day-to-day operations, while allowing its physician partners to do what they do best – provide great patient care. Sovereign’s primary business line is in partnering with physicians for the development and operation of market-leading ambulatory surgery centers. In addition, Sovereign is experienced in providing management services to physician group practices. Sovereign is also leading the way in helping hospital systems and specialist groups create the structures and execution plans for various hospital-physician alignment strategies. www.SovereignHealthcare.net