July 10, 2014 5:02 PM ET

Healthcare Providers and Services

Company Overview of Banner Health

Company Overview

Banner Health, a nonprofit health care system, owns or manages acute-care hospitals, long-term care centers, and outpatient surgery centers in Alaska, Arizona, California, Colorado, Nebraska, Nevada, and Wyoming. The company offers hospital care, home care, hospice care, nursing, surgery, rehabilitation, and residential care services, including Alzheimer’s, bariatric surgery, behavioral health, burn, cancer, emergency care, heart care, insurance and Medicare, maternity, medical imaging, neuroscience and stroke, orthopedics, pediatric, physician, poison and drug information, research, high-order multiple birth, organ transplant, Level 1 trauma, sleep, surgical care, urgent and same day care, ...

1441 North 12th Street

Phoenix, AZ 85006

United States

Founded in 1938





Key Executives for Banner Health

Chief Executive Officer
Age: 62
Chief Financial Officer and Senior Vice President
Chief Executive Officer of Fairbanks Memorial Hospital and Denali Center
Chief Executive Officer of Washakie Medical Center
Chief Executive Officer of Banner Behavioral Health Hospital - Scottsdale
Compensation as of Fiscal Year 2014.

Banner Health Key Developments

Cigna Corp. and Banner Health Network Join in Collaborative Accountable Care Effort in Arizona

Cigna Corp. and Banner Health Network are launching a collaborative accountable care initiative to expand patient access to health care, improve care coordination, and achieve the "triple aim" of improved health outcomes (quality), lower total medical costs and increased patient satisfaction. Collaborative accountable care is Cigna's approach to accomplishing the same population health goals as accountable care organizations, or ACOs. The program will benefit over 20,000 individuals covered by a Cigna health plan who receive care from among approximately 2,600 doctors affiliated with Banner Health Network in Arizona. Under the program, Banner Health Network doctors monitor and coordinate all aspects of an individual's medical care. Patients continue to go to their current physician and automatically receive the benefits of the program. Individuals who are enrolled in a Cigna health plan and later choose to seek care from a doctor in the medical group will also have access to the benefits of the program. There are no changes in any plan requirements regarding referrals to specialists. Patients most likely to see the immediate benefits of the program are those who need help managing chronic conditions, such as diabetes or heart disease. Critical to the program's benefits are registered nurses, employed by Banner Health Network, who serve as clinical care coordinators and help patients with chronic conditions or other health challenges navigate the health care system. The care coordinators are aligned to a team of Cigna case managers to ensure a high degree of collaboration between Banner Health Network and Cigna that ultimately results in a better experience for the individual. The care coordinators will enhance care by using patient-specific data from Cigna to help identify patients being discharged from the hospital who might be at risk for readmission, as well as patients who may be overdue for important health screenings or who may have skipped a prescription refill. The care coordinators are part of the physician-led care team that helps patients get the follow-up care or screenings they need, identify any issues related to medications and help prevent chronic conditions from worsening. Care coordinators can also help patients schedule appointments, provide health education and refer patients to Cigna's clinical programs, such as disease management programs for diabetes, heart disease and other conditions; and lifestyle management programs, such as programs for tobacco cessation, weight management and stress management. This newest initiative, which takes effect November 1, 2012, builds on Cigna's collaborative accountable care efforts locally, including those of Cigna Medical Group, the Phoenix-based multi-specialty practice division of Cigna HealthCare of Arizona. Cigna Medical Group's strong focus on the patient and improved care coordination resulted in 24% lower avoidable emergency room visits, 14% higher adult preventive care and 8% to 10% lower total medical costs in 2011 compared to the Phoenix market. Cigna Medical Group doctors consistently receive patient satisfactions scores of 93% or higher. Including the Arizona programs, Cigna is now engaged in 42 collaborative accountable care initiatives in 18 states, encompassing more than 390,000 Cigna customers and more than 5,500 primary care physicians. Cigna launched its first collaborative accountable care program in 2008 and its goal is to have 100 of them in place with one million customers by the end of 2014.

Blue Cross Blue Shield of Arizona, Inc., Banner Health to Create Joint Venture Expanding Services for Medicare Beneficiaries in Arizona

Blue Cross Blue Shield of Arizona, Inc. and Banner Health announced that they will enter into a new joint venture, to be known as Blue Cross Blue Shield of Arizona Advantage (BCBSAZ Advantage), in which both companies will participate equally to bring enhanced Medicare services to Arizonans. The venture brings two premier organizations together with a common goal of improving the quality of patient care, enhancing wellness management and affordability for people enrolled in Medicare. BCBSAZ Advantage will include Medicare Advantage plans for seniors in Maricopa County and portions of Pinal County, currently known as Banner MediSun Medicare Health Plan, including their MediSunONE Classic, MediSunONE Plus and MediSunONE Premier plans. By aligning their shared interests and capabilities, Blue Cross Blue Shield of Arizona and Banner Health will deliver value to Arizonans enrolled in Medicare programs by offering them the stability of two premier organizations that share a vision for the future delivery of healthcare that inspires people to live healthy and productive lives, and provides highly coordinated care when it's needed. Blue Cross Blue Shield of Arizona currently offers Medicare supplement and prescription drug plans (Part D) to more than 23,000 Arizonans. Through the joint venture with Banner Health, it's estimated the companies will be serving 25,000 Medicare Advantage enrollees. Current Banner MediSun members will be able to keep their coverage intact as both companies are committed to focusing their efforts on making this a smooth and positive transition for members and employees alike. All terms are subject to final regulatory approval. Blue Cross Blue Shield of Arizona also recently announced the launch of BlueAlliance, an innovative health insurance product offering lower premiums by using Banner Health Network's local network of more than 2,500 healthcare providers in the Maricopa County area. BlueAlliance is the lowest-priced health plan available for small businesses in the entire Blue Cross Blue Shield of Arizona portfolio of health plans, which traditionally have focused on a broader network of more than 18,000 participating providers.

Similar Private Companies By Industry

Company Name Region
North Kansas City Hospital United States
Mid Coast Hospital United States
Consumer2Patient, Inc. United States
Apria Healthcare, Inc. United States
Fretus Investors, LLC United States

Recent Private Companies Transactions

June 26, 2014
The University of Arizona Health Network, Inc.
December 30, 2013
Casa Grande Community Hospital

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Banner Health, please visit www.bannerhealth.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.