VHPG

AcronymDefinition
VHPGVenture Health Partnership Group
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About Venture Health Partnership Group: VHPG is a private equity corporation whose goal is to acquire distressed and under-valued provider-owned HMOs and manage the turnaround and ongoing operation of these companies.
The OATH is about our promise to make change and be responsive to our members, doctors, brokers, everyone," said VHPG chairman Barry Scheur.
The OATH, which experienced an estimated 27 million dollar loss as SMA Health Plan in 1999, is expected to break even under its first year of ownership by VHPG and leadership under Hill's Presidency.
VHPG is a private equity firm whose mission is to reshape the practice of managed care, one health plan at a time, by acquiring a projected 8-12 provider owned, distressed HMOs over the next two years.
VHPG was chosen to purchase HPA because of a shared commitment to physicians and members to deliver exemplary services and to maintain ongoing provider relationships as well as retain local management.
In January 2000, VHPG acquired its first provider-owned HMO, SMA Health Plan in Louisiana, now called The OATH, which had suffered a $27 million loss in 1999.
Louisiana residents have seen the launch of a campaign in which VHPG Chairman, Barry S.
Scheur, founder and president of VHPG, states, "The acquisition of HPA is consistent with our strategy to build a national entity comprised of provider sponsored and locally marketed healthcare organizations under a national franchise.
Our interim president, Paula Nordhoff, a principal of VHPG, has done her job well and will remain on the board of directors of the health plan.
Scheur, founder and president of VHPG, LLC, states, "Our strategy is to build a national entity comprised of provider sponsored and locally marketed healthcare organizations under a national franchise.
The brand equity around which VHPG is building its strategy is "The Oath" - a pledge to quality, service, and accountability.
In discussing the successful completion of the acquisition of SMA, VHPG Chairman, Barry S.