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Article: Squeeze play. (joint venture between Glen Raven Mills Inc and Alamance Regional Medical Center)(Cover Story)
- Article from:
- Business North Carolina
- Article date:
- September 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Business North Carolina. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The latest twist in managed care? Hospitals, doctors and employers team up to elbow out HMOs and insurers.
After small talk about family and sports, the conversation would always take a familiar turn: the $3 million-plus - and growing annual bill for employee medical benefits. It came up whenever Glen Raven Mills Inc. executives assembled at the headquarters in the small Alamance County community where the company was started in 1890.
About 10 miles away, on the other side of Burlington, administrators at the new Alamance Regional Medical Center were also grousing about money. Health-maintenance organizations had been making good on their threat to steer ...