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May 29, 2015 1:28 AM ET

Healthcare Providers and Services

Company Overview of Banner Health

Company Overview

Banner Health owns and operates acute-care hospitals and healthcare facilities in Alaska, Arizona, California, Colorado, Nebraska, Nevada, and Wyoming. It offers Alzheimer's, bariatric surgery, behavioral health, burn, cancer, emergency care, heart care, home care, hospice, insurance and Medicare, maternity, medical imaging, neurosciences and stroke, orthopedics, pediatrics, physician practices, poison and drug information, rehabilitation, research, sleep centers, surgical care, transplant, urgent and same day care, and women's health services. Banner Health was formerly known as Banner Health System and changed its name to Banner Health in April 2003. The company was founded in 1938 and is ...

1441 North 12th Street

Phoenix, AZ 85006

United States

Founded in 1938

Phone:

602-747-4000

Fax:

602-495-4953

Key Executives for Banner Health

Chief Executive Officer, President and Director
Age: 62
Chief Financial Officer and Senior Vice President
Executive Vice President of Strategic Growth and Chief Executive Officer of Banner Health Network
Chief Executive Officer of Fairbanks Memorial Hospital and Denali Center
Chief Executive Officer of Washakie Medical Center
Compensation as of Fiscal Year 2014.

Banner Health Key Developments

Royal Philips and Banner Health Announce the Successful Results of their At-Home Telehealth Pilot Program for Patients with Multiple Chronic Conditions

Working together to address the shift toward value-based care and increased penalties for readmissions, Royal Philips and Banner Health announced the successful results of their at-home telehealth pilot program for patients with multiple chronic conditions. The Intensive Ambulatory Care (IAC) pilot program, part of the overall telehealth program at Banner, focuses on the most complex and high cost patients - the top 5% of patients who account for 50% of health care spend. The IAC program, first launched in 2013, aims to improve patient outcomes, care team efficiency, and prevent IAC patients from entering the acute care environment, where costs are significantly higher. As part of the pilot, Philips and Banner assessed the results of 135 patients to determine the effectiveness of the IAC program in meeting its clinical and financial goals. An analysis of the results of each patient's first six months demonstrated that the program: reduced costs of care by 27%. This cost savings was driven primarily by a reduction in hospitalization rates and days in the hospital, as well as a reduction in professional service and outpatient costs. Reduced acute and long term care costs by 32%. This cost reduction was primarily due to a significant decrease in hospitalizations. Reduced hospitalizations by 45%. Prior to enrollment in the IAC program, there were 11.5 hospitalizations per 100 patients per month; after enrollment, the acute and long-term hospitalization rate dropped to 6.3 hospitalizations per 100 patients per month. Acute short term hospital stays decreased from 7.7 hospitalizations per 100 patients per month to 4.9. Long term care, home health or other facility stays decreased from 3.9 hospitalizations per 100 patients per month to 1.4. Average number of days in the hospital per 100 patients per month also trended down from 90.2 to 65.8.

Banner Health Eyes Acquisitions

Banner Health intends to make acquisitions. Banner Health officials stated that they will continue to acquire hospitals, both in Arizona and other markets throughout the nation. It has recently acquired University of Arizona Health Network in Tucson. "We will constantly look for opportunities to expand our geographic reach into communities that feel that what Banner brings to the table is something that they believe would be added value for the populations they're serving in those communities," said Peter Fine, President and Chief Executive Officer of Banner Health.

Banner Health Presents at 33rd Annual J.P. Morgan Healthcare Conference, Jan-12-2015 11:30 AM

Banner Health Presents at 33rd Annual J.P. Morgan Healthcare Conference, Jan-12-2015 11:30 AM. Venue: Westin St. Francis Hotel, San Francisco, California, United States. Speakers: Dennis Dahlen, Chief Financial Officer and Senior Vice President, Peter S. Fine, Chief Executive Officer, President and Director.

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