TeamHealth

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Team Health Holdings, Inc.
TypePrivate
IndustryHealthcare
Founded1979
Headquarters
Knoxville, Tennessee
,
United States
RevenueIncreaseUS$7.35 Billion (2012)
US$1.5 Billion (2012)
Total equityUS$4 Billion (2010)
Number of employees
20,000
ParentBlackstone Group
Websiteteamhealth.com

TeamHealth is a physician practice in the U.S. founded in 1979 and based in Knoxville, Tennessee, pursuing medical outsourcing.[1] Originally a provider of emergency department services, it is outsourcing physicians in emergency medicine, hospital medicine, anesthesiology, critical care, obstetrics, orthopedic surgery, general surgery, ambulatory care, post-acute care and medical call center solutions to acute and post-acute facilities nationwide.[2] After numerous acquisitions in the 2010s it has become the largest market share in U.S. physician outsourcing.

History[]

TeamHealth was founded in Knoxville in 1979 by Dr. Lynn Massingale.[3][4] The company began when Dr. Massingale, then an emergency medicine physician at the University of Tennessee Medical Center, earned the staffing contract in the emergency department at the medical center.[5] Over the years, other physicians, Dr. Randall Dabbs, Dr. John Staley, Dr. Gar LaSalle, Dr. James Rybak and Dr. Jim George, and their clinical groups joined TeamHealth and are now considered founders of the company.[5]

As of 2015, TeamHealth contracted more than 18,000 health professionals and handled about 10 million emergency room visits per year.[6]: 8 

In September 2019, the NYT revealed that Team Health was one of two companies behind a political action group called "Doctor Patient Unity". The PAC had surfaced in July 2019 and spent more than $28 million in advertising opposing legislation to end out-of-network charges ("surprise medical bills" after emergency room visits). Because it did not disclose staff nor funders it has been referred to as a dark money group.[7][8]

In August 2019, Moody's downgraded TeamHealth's bond rating to B3-CFR and B3-PD probability of default citing its dispute with its largest payor source, United Healthcare.[9] United Healthcare alleged that TeamHealth was responsible for egregious billing for services rendered in emergency rooms across the country and announced "it will terminate approximately two-thirds of its in-network contracts with Team Health between October 15, 2019 until July 1, 2020. The company also said that UnitedHealth had significantly reduced its payments to Team Health for out-of-network services."

In August 2019, a Qui Tam lawsuit was filed on behalf of the US Government alleging systemic billing fraud involving Federal and State payor systems.[10]

In January 2020, TeamHealth acquired the anesthesiology practice operations of Jon. A Harmon, M.D., P.A., for services provided at Brandon Surgery Center.[11]

In November 2019, NPR revealed a billing practice of TeamHealth's of suing poor and unfunded patients.[12]

Awards & Recognition[]

  • Becker's Hospital Review "150 Great Places to Work in Healthcare" — 2015, 2016, 2017, 2018[13]
  • Fortune's "World's Most Admired Companies" — 2015, 2016, 2017[14]
  • Co-founder and Chairman Lynn Massingale named 2018 Tennessee Health Care Hall of Fame Inductee.[citation needed]
  • Co-founder and Chairman Lynn Massingale named among the 50 Most Influential Physician Executive and Leaders by Modern Healthcare in 2016, 2017, 2018[15]

References[]

  1. ^ "10 Things to Know About TeamHealth". Becker's Hospital Review. 30 April 2014. Retrieved 28 April 2019.
  2. ^ "TeamHealth Physician Services | Hospital Staffing & Careers". TeamHealth. Retrieved 2019-05-06.
  3. ^ "TeamHealth Founders Video". Youtube. 15 May 2017. Retrieved 28 April 2019.
  4. ^ "Team Health, Inc.: Private Company Information - Businessweek". Bloomberg. Retrieved 11 November 2016.
  5. ^ Jump up to: a b teamhealth (2017-05-15), TeamHealth Founders Video, retrieved 2019-05-06
  6. ^ Zack Cooper, Fiona Scott Morton, and Nathan Shekita (July 2017). Surprise! Out-of-Network Billing for Emergency Care in the United States (Report). NATIONAL BUREAU OF ECONOMIC RESEARCH. p. 108.CS1 maint: multiple names: authors list (link)
  7. ^ Abelson, Reed; Creswell, Julie; Sanger-Katz, Margot (2019-09-13). "Mystery Solved: Private-Equity-Backed Firms Are Behind Ad Blitz on 'Surprise Billing'". The New York Times. ISSN 0362-4331. Retrieved 2019-10-25.Abelson, Reed; Creswell, Julie; Sanger-Katz, Margot (2019-09-13). "Mystery Solved: Private-Equity-Backed Firms Are Behind Ad Blitz on 'Surprise Billing'". The New York Times. ISSN 0362-4331. Retrieved 2019-10-25.
  8. ^ Sanger-Katz, Margot; Creswell, Julie; Abelson, Reed (13 September 2019). "Mystery Solved: Private-Equity-Backed Firms Are Behind Ad Blitz on 'Surprise Billing'". The New York Times.
  9. ^ "Moody's changes Team Health's outlook to negative; affirms B3 CFR". 9 August 2019.
  10. ^ https://www.leagle.com/decision/infdco20190822f66
  11. ^ Ramnani, Meeta (2020-01-08). "TeamHealth Acquires Anesthesiology Operations provided by Jon A. Harmon, M.D., P.A., at Brandon Surgery Center". Smart Healthcare News. Retrieved 2020-03-24.
  12. ^ "A Private Equity-Owned Doctors' Group Sued Poor Patients Until It Came Under Scrutiny".
  13. ^ "150 top places to work in healthcare | 2018". www.beckershospitalreview.com. Retrieved 2019-05-06.
  14. ^ "TeamHealth named to Fortune's 'World's Most Admired Companies' for 3rd consecutive year". www.beckershospitalreview.com. Retrieved 2019-05-06.
  15. ^ TeamHealth. "Dr. Lynn Massingale Named to Modern Healthcare's List of "50 Most Influential Physician Executives and Leaders" for the third consecutive year". www.prnewswire.com. Retrieved 2019-05-06.

External links[]

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