Coastal Medical Joins Lifespan team
For Immediate Release
Tuesday, April 27, 2021
Coastal Medical joins Lifespan team
PROVIDENCE, R.I. – Coastal Medical and Lifespan have finalized an agreement for Coastal Medical to become part of the Lifespan health system. This action follows Coastal Medical and Lifespan signing a letter of intent to affiliate in February 2020 and more recently an asset purchase agreement in January 2021.
The two organizations have a long history of successful collaboration in caring for patients. Coastal is a national model for coordinated primary care, while Lifespan offers complementary strengths in specialty services, research, and education. Combining Lifespan’s vast specialty care capabilities with Coastal’s primary care expertise will benefit patients across the state, offering enhanced value through a continuum of coordinated, high-quality patient care.
“Coastal shares Lifespan’s commitment to Rhode Island, fostering innovation and ensuring value, to deliver excellence in care,” said Alan Kurose, M.D., Coastal President and CEO. “As part of the Lifespan system, our practices and providers will help reach more patients, with a positive impact on healthcare. This is good for Rhode Island, the people who live here, and the quality and cost of health care.”
“Bringing together these two organizations will be transformative for healthcare in our state,” said Timothy J. Babineau, M.D., Lifespan President and CEO. “Coastal has a national reputation for delivering high quality, patient-centered care that has made a powerful impact on the health of our community. With Coastal, Lifespan can accelerate its journey to provide more value based care, which will advance quality, increase access and ensure patients receive care in the most appropriate setting. This is an exciting time in healthcare and we are truly pleased to welcome our collegues from Coastal to the Lifespan team.”
Coastal Medical is particularly known for its team-based and value-focused approach to providing high-quality care and improving patient wellness. All Coastal practices are recognized by the National Committee for Quality Assurance (NCQA) as patient-centered medical homes and have earned a NCQA distinction for Integrated Behavioral Health, while simultaneously lowering the overall cost of care delivery.
About Coastal Medical
Coastal Medical is a primary care Accountable Care Organization (ACO) delivering care to 120,000 patients with a team of over 125 providers located in 20 medical offices across Rhode Island. Coastal supports the three-part aim of better care, better health and lower cost and earned an average Medicare Shared Savings Program ACO quality score of 97.5% (2013-2017). Coastal is committed to providing outstanding care to its patients by offering 365-day access to sick visits, developing chronic care management programs for its sickest patients, and building care teams that support its providers in delivering high-quality care. For more information, please visit www.coastalmedical.com.
Lifespan is a five-partner not-for-profit health system based in Providence, R.I. Formed in 1994, Lifespan includes three teaching hospitals of The Warren Alpert Medical School of Brown University: Rhode Island Hospital and its Hasbro Children’s Hospital; The Miriam Hospital; and Bradley Hospital, the nation’s first psychiatric hospital for children. It also includes Newport Hospital, a community hospital offering a broad range of health services, and Gateway Healthcare, the state’s largest provider of community behavioral health care. Lifespan teaching hospitals are among the country’s top recipients of research funding from the National Institutes of Health. The hospitals received $92 million in external research funding in fiscal 2019. All Lifespan-affiliated partners are charitable organizations that depend on support from the community to provide programs and services.