President & CEO
|Anne Klibanski, MD|
|Margaret S. Norton|
Revenue (2017 (Ending September 30))
Partners HealthCare is a Boston-based non-profit hospital and physicians network that includes Brigham and Women's Hospital (BWH) and Massachusetts General Hospital (MGH), two of the nation's most prestigious teaching institutions. It was founded in 1994 with H. Richard Nesson, MD, former president of Brigham and Women's Hospital as CEO of Partners HealthCare and Samuel O. Thier, MD, formerly president of Massachusetts General Hospital as president. According to The Boston Globe, by 2008, Partners became Massachusetts' "largest private employer and its biggest healthcare provider, treating more than a third of hospital patients in the Boston metropolitan area".
On January 28, 2019, Dr. Torchiana unexpectedly announced his departure as the chief executive of Partners effective at the end of April 2019. According to The Boston Globe, the reason for the departure was disagreements between Torchiana and the leaders of the two major hospitals that make up Partners.
This article is missing information about HQ move to Assembly Row. (February 2019)
In 1994, Brigham and Women's Hospital and Massachusetts General Hospital were brought together by Partners founding co-chairs John H. McArthur and Ferdinand "Moose" Colloredo-Mansfeld. Jack Connors succeeded them as chair in 1996.
In April 2017, the United States District Court for the District of Massachusetts announced that Partners HealthCare System and one of its hospitals, Brigham and Women's Hospital, agreed to pay a $10 million fine to resolve allegations that a stem cell research lab fraudulently obtained federal grant funding.
In May 2017, Partners announced they would be cutting more than $600 million in expenses over the next three years in an effort to control higher costs and to become more efficient. The cost-cutting initiative is called Partners 2.0, and the plan will look to reduce costs in research, care delivery, revenue collection, and supply chain. The plan will begin on October 1, 2017 and will eliminate jobs. The company lost $108 million in 2016.
In February 2018, Partners announced that 100 coders would have their jobs outsourced to India in a cost saving move. This is all part of the non-profit hospital and physicians network's three-year plan to reduce $500 million to $800 million in overhead costs.
In February 2018, the state of Massachusetts Public Health Council formally signed off on the acquisition of Massachusetts Eye and Ear. The deal was formalized on April 1, 2018. In a notice published on April 2, 2018, Mass. Eye and Ear's President John Fernandez announce the finalization of the agreement to make MEE a part of the Partners HealthCare hospital and physicians network.
On February 19, 2019 Partners named Dr. Anne Klibanski, as its interim chief executive officer of the hospital Network and will be effective in April 2019.
In June 2019, Partners HealthCare announced Dr. Klibanski, who was named interim chief executive officer in February, now has been named the company's permanent president and chief executive officer.
Board of directors
Edward P. Lawrence, a retired partner at the Boston law firm Ropes & Gray LLP replaced Jack Connors as Chairman in 2012. Scott M. Sperling became Chairman in 2018.
Jack Connors, the "Boston businessman and power broker" was the "highest profile figure" at Partners HealthCare System Inc. from 1996 to 2012. Connors and William C. Van Faasen, former CEO of Blue Cross Blue Shield of Massachusetts, co-chaired a business consortium that pushed for the state's universal health coverage law. Connors "worked behind the scenes" to get the Massachusetts health care reform law of 2006 passed.
Partners board members have included Earl M. Collier, Yolonda L. Colson, M.D. (Brigham and Women's Hospital), Anne Finucane (Bank of America), Susan Hockfield (former MIT President), David W. Rattner, M.D. (Massachusetts General Hospital), Charles K. Gifford (Bank of America), Richard E. Holbrook (former Chairman and CEO, Eastern Bank), Albert A. Holman, III (Chestnut Partners Inc., investment banking), Wycliffe Grousbeck (Boston Celtics), Carl J. Martignetti (Martignetti Companies), Pamela Reeve (former CEO of Lightbridge), William M. Cowan (GE and former US Senator), Jay O. Light (former dean of the Harvard Business School), Maury E. McGough, MD, (North Shore Medical Center Board of Trustees), Cathy E. Minehan (CEO Federal Reserve Bank of Boston 1994–2007), Jerold Rosenbaum (Chief of Psychiatry Massachusetts General Hospital), Alexander L. Thorndike (Century Capital Management), John Fish (Suffolk Construction), Scott Schoen (Baylon Capital Partners), Scott M. Sperling (Thomas H. Lee Partners investments), Diane B. Patrick (Ropes & Gray), Henri A. Termeer (Genzyme), Dorothy A. Terrell (founding board member of the Commonwealth Institute), James L. Kaplan (Cubic Asset Management), Lori Tishler, M.D., David Torchiana, M.D., and Gwill York, entrepreneur with tech and healthcare companies. York co-founded Lighthouse Capital Partners, based in Cambridge and Menlo Park, in 1994, and led investments in companies such as Vertex Pharmaceuticals, Millennium Pharmaceuticals, Human Genome Sciences, Cascade Communications, Sirocco Systems, Speechworks, and StorageNetworks.
James J. Mongan, MD, served president and chief executive of Partners in 2003 to 2009. In 2008 Modern Physician magazine named Mongan as the "most powerful physician executive in America". He also received Modern Healthcare's CEO IT Achievement Award. Mongan asked "Connors, who readily admits knowing little about medicine" to extend his tenure.
Gary L. Gottlieb, MD, became president and chief executive of Partners HealthCare at the end of 2009 and he asked Connors to remain in his position on the board.
In 2015 David F. Torchiana, MD, became president and CEO of Partners HealthCare. His total compensation for 2015 was nearly $4.3 million, with a base salary of $1.9 million, plus bonuses and retirement benefits.
Current members of Partners HealthCare include:
- Brigham and Women's Hospital
- Cooley Dickinson Hospital
- Brigham and Women's Faulkner Hospital
- Martha's Vineyard Hospital
- Massachusetts General Hospital
- Massachusetts Eye and Ear
- McLean Hospital
- MGH Institute of Health Professions
- Nantucket Cottage Hospital
- Neighborhood Health Plan
- Newton-Wellesley Hospital
- North Shore Medical Center
- Partners Continuing Care
- Partners Community Healthcare Inc.
- Wentworth-Douglass Hospital
Partners Continuing Care
Partners Continuing Care is the Non-Acute Care Services Division of Partners HealthCare headquartered in Boston, Massachusetts. The organization provides rehabilitation, long term acute care, skilled nursing, home health care, and hospice services. Partners Continuing Care consists of the following organizations:
- Partners Healthcare at Home
- Partners Hospice
- Partners Private Care
Spaulding Rehabilitation Network
The Spaulding Rehabilitation Network is a provider of rehabilitation and medical management programs in the Greater Boston area. The network offers inpatient rehabilitation, outpatient rehabilitation, long-term acute care, and skilled nursing services. The main campus of the network is the Spaulding Rehabilitation Hospital, a 132-bed rehabilitation teaching hospital located in Boston, Massachusetts. It is the official teaching hospital for Harvard Medical School's Department of Physical Medicine and Rehabilitation.
- Spaulding Rehabilitation Hospital Boston
- Spaulding Rehabilitation Hospital Cape Cod, formerly Rehabilitation Hospital of the Cape and Islands
- Spaulding Hospital for Continuing Medical Care Cambridge, formerly Spaulding Hospital Cambridge
- Spaulding Hospital for Continuing Medical Care North Shore, formerly Shaughnessy-Kaplan Rehabilitation Hospital (SKRH)
- Spaulding Nursing and Therapy Center North End, formerly North End Rehabilitation and Nursing Center
- Spaulding Nursing and Therapy Center West Roxbury, formerly The Boston Center for Rehabilitative and Sub-Acute Care
- Clark House Nursing Center at Fox Hill Village
- 23 outpatient centers
Partners HealthCare International
Partners HealthCare International (PHI) is a subsidiary of Partners HealthCare that focuses on the advancement of global health. PHI collaborates with foreign embassies, ministries of health, and universities overseas to improve health status indicators directly through patient care initiatives and indirectly through medical conferences and other educational programs for physicians and nurses.
Partners's biomedical research "juggernaut was larger than Harvard University's." and embarked[when?] on a multibillion-dollar expansion program that rivals those of all other Massachusetts hospitals combined." A doctors' magazine recently named Partners' current chief executive the most powerful physician executive in the nation.
In 2013, Partners HealthCare System's plan to take over 378-bed South Shore Hospital in Weymouth was reviewed due to fears that the expansion plan is anticompetitive, a conduct Partners HealthCare System had been accused of over the past four years in other cases.
Partners CEO Thier led Partners' efforts to demand higher payments from insurance companies. In May 2000 Thier and William C. Van Faasen, CEO of Blue Cross Blue Shield of Massachusetts—the state's biggest health insurer—agreed to a deal that raised insurance costs all across Massachusetts. They agreed that Van Faasen would substantially increase insurance payments to Partners HealthCare doctors and hospitals, largely correcting the underpayments of the previous 10 years. Prior to this, Thier had informed all three managed care companies that they would all be paid at the same rate.
Those who helped broker the deal say Thier promised he would push for the same or bigger payment increases for everything from X-rays to brain surgery from Van Faasen's competition, ensuring that all major insurers would face tens of millions in cost increases. Blue Cross called it a "market covenant".— The Boston Globe, 28 December 2008
According to Boston Globe investigative journalists, Blue Cross and other insurers increased the rate they paid Partners HealthCare by 75 percent between 2000 and 2008.
- Dayal McCluskey, Priyanka (2017-05-13). "Partners HealthCare cutting $600m in costs". The Boston Globe. Retrieved 2017-05-13.
- "About Partners HealthCare". Retrieved 2017-05-13.
- Kowalczyk, Liz; McCluskey, Priyanka Dayal (2018-02-20). "Partners HealthCare will outsource some expensive, back-office jobs to India". The Boston Globe. Retrieved 2018-02-20.
- Dayal McCluskey, Priyanka (2019-06-25). "Partners names Dr. Anne Klibanski as its new CEO". The Boston Globe. Retrieved 2019-06-26.
- Robert Weisman (21 June 2011), "Connors stepping down at Partners: Detailed succession plan has new chief in place next year", The Boston Globe, retrieved 11 July 2015
- Thomas H. Davenport, John Glaser (July 2002), "Just-in-Time Delivery Comes to Knowledge Management", Harvard Business Review, retrieved 11 July 2015CS1 maint: Uses authors parameter (link)
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- "History of Partners", Partners, nd, retrieved 11 July 2015
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- Dayal McCluskey, Priyanka; Kowalczyk, Liz (2019-01-29). "David Torchiana, chief executive of Partners HealthCare, unexpectedly announces departure". The Boston Globe. Retrieved 2019-01-29.
- "History of Partners - About - Partners HealthCare". www.partners.org.
- Finucane, Martin (2017-04-27). "Partners, Brigham and Women's to pay $10m in research fraud case". The Boston Globe. Retrieved 2017-04-27.
- McCluskey, Priyanka Dayal (2018-02-14). "State formally signs off on merger between Mass. Eye and Ear, Partners HealthCare". The Boston Globe. Retrieved 2018-02-28.
- "Massachusetts Eye and Ear Joins Partners HealthCare". 2018-04-02. Retrieved 2018-04-02.
- Dayal McCluskey, Priyanka (2019-02-19). "Partners HealthCare names an interim CEO". The Boston Globe. Retrieved 2019-02-19.
- "Board of Directors". Partners. nd. Archived from the original on 12 July 2015. Retrieved 11 July 2015.
- Bryan Marquard (4 May 2011). "James Mongan, a doctor with political skills, dies at 69". The Boston Globe. Retrieved 11 July 2015.
- "Partners HealthCare Appoints Dr. David Torchiana as New CEO". Boston Globe. 4 February 2015. Retrieved 6 June 2016.
- Dayal McCluskey, Priyanka (2017-08-15). "Partners CEO tops hospital pay list". The Boston Globe. Retrieved 2017-08-16.
- "Spaulding Rehabilitation Network". Retrieved 2017-04-04.
- Liz Kowalczyk (17 January 2014), Partners defends plan to expand: Rebutting state, says South Shore merger would save millions, retrieved 11 July 2015
- Robert Weisman (16 September 2013), Health care industry awaits decision by regulators on Partners bid to acquire South Shore Hospital, retrieved 11 July 2015