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Economic trends in health care, new opportunities in continuity of care lead two practices to form Contra Costa’s first multi-specialty group of its kind
Concord, CA (November 11, 2011) – Two of Contra Costa County’s largest private specialty medical practices announced today an agreement to merge in January, forming the area’s first multi-specialty practice in oncology and urology as a hedge against mounting business challenges in a rapidly changing health care landscape.
Pacific Urology, a six-physician practice with origins dating back to the 1980s, is joining forces with Diablo Valley Oncology and Hematology Medical Group, a seven-doctor group specializing in treating cancer and blood disorders. The groups gave two principal reasons for the merger: new opportunities to deliver a stronger continuity of care for patients, plus increasing economic pressures in health care, such as an anticipated 30- percent decrease in Medicare payments to specialists to begin in 2012.
“For just about all doctors, the costs of practicing medicine are escalating – it’s that simple,” said Dr. Stephen Taylor of Pacific Urology. “In anticipation of Medicare cuts, over the last 18 months we have explored several different options for restructuring our business and have concluded that combining our practices secures the future for both organizations and consequently for the quality of care of our patients.”
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