The purchase, first reported by Axios in April, was part of a buying spree over the last...
Kelsey-Seybold is expanding its Summer Creek Clinic by 17,000 square feet. The clinic is at 8233 N. Sam Houston Parkway E. in Humble.Kelsey-Seybold Clinic patients should not anticipate immediate changes to care or pricing, experts say, following the provider’s recent acquisition by Optum, a subsidiary of the insurer UnitedHealth Group., was part of a buying spree over the last year that saw Optum acquire several health care providers throughout the country, according to media reports.
“With Optum as our partner, Kelsey-Seybold will continue to focus on and deepen our commitment to high-quality, patient-centered care at a lower total medical cost,” says Dr. Tony Lin, Kelsey-Seybold’s chairman and CEO. “This new partnership will help us fulfill our vision to expand the delivery of our value-based model of care in the greater Houston area."
Optum’s recent acquisitions come as many providers grapple with lingering financial fallout from the COVID-19 pandemic, facing labor shortagesUnitedHealth, the nation’s largest insurer, increased its profits 25 percent during the pandemic to $17.3 billion in 2021 from $13.8 billion in 2019, according to.
Kelsey-Seybold touts its ability to offer high-value care as Houston’s longest standing accountable care organization, which rewards providers for controlling costs and improving quality, rather than the traditional method of paying physicians for each service performed. It accepts more than 50 individual and marketplace health insurance plans, including those offered by UnitedHealth.
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Houston's Kelsey-Seybold is now owned by UnitedHealth's Optum. Here's what that means for patients.The purchase, first reported by Axios in April, was part of a buying spree over the last...
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