Atlantic Health System

Atlantic Health System (AHS) is a not-for-profit private healthcare company that operates hospitals and health care facilities in New Jersey. The president and chief executive of Atlantic Health System is Brian A. Gragnolati,[1] and the chairman of the Board of Trustees is Dexter Earle.[2]

Morristown Medical Center is the flagship of AHS

Moody's Investors Service raised its rating for the health care organization from A1 to Aa3, the highest rating among all health care systems in New Jersey, with an outlook of "stable" in 2017.[3]

In 2017, AHS listed 16,407 employees and 4,796 physicians. With 1,860 beds 88,361 admissions were registered.

In 2013, the company was ranked 49th among Fortune's list of "100 Best Companies to Work For".[4] In 2014 they were listed as 25th,[5] in 2015 they were ranked 39th and in 2016 they were ranked 79th.[6] Atlantic continues to rank within the best 100 companies to work for and in 2020 was ranked 89th.

History

Medicare overbilling allegations

On June 21, 2012, the U.S. Department of Justice announced that AHS Hospital Corp., Atlantic Health System Inc., and Overlook Hospital agreed to pay the United States $8,999,999 to settle allegations that they violated the False Claims Act by allegedly overbilling Medicare. The settlement was part of the Health Care Fraud Prevention and Enforcement Action Team (HEAT) initiative.[7] The settlement resolved allegations that Overlook Hospital, owned and operated by AHS Hospital Corporation, and Atlantic Health Systems Inc., overbilled Medicare for patients who were treated on an inpatient basis when they should have been treated as either observation patients or on an outpatient basis.[7]

CentraState acquisition

On October 22, 2020 officials from Atlantic Health System announced that they were acquiring a 51% stake in Freehold based CentraState Healthcare System. As a part of the deal, CentraState will continue to govern themselves while Atlantic Health System has committed to invest $135 million into the hospital.[8][9][10]

Facilities

Atlantic Health System serves 4.9 million across 11 counties in Northern New Jersey. Atlantic Health System has six acute care hospitals :

References
  1. Darragh, Tim (30 March 2015), "Johns Hopkins executive to take over as CEO at Atlantic Health System", NJ.com, retrieved 12 September 2015
  2. "Hospital System Board of Trustees". May 2018.
  3. "S&P, Moody's Give Atlantic Health System Highest Health System Rating in NJ" (Press release). Atlantic Health System. August 17, 2017.
  4. Independent Press (2013-01-20). "Atlantic Health System, parent company of Morristown, Overlook and Newton Medical ranks among top 50". NJ.com.
  5. "Best Companies to Work For 2014: Full List". fortune.
  6. "100 Best Companies to Work For". Fortune.
  7. "New Jersey Hospital Pays U.s. $8,999,999 to Settle False Claims Act Allegations". US Department of Justice – June 21, 2012. Retrieved 2013-05-25.
  8. NJ.com, Susan K. Livio | NJ Advance Media for (2020-10-22). "Central Jersey medical center to join Atlantic Health System, in latest hospital consolidation move". nj. Retrieved 2020-10-23.
  9. "Central Jersey medical center to join Atlantic Health System, in latest hospital consolidation move". DoctorsVisions. 2020-10-22. Retrieved 2020-10-23.
  10. "Atlantic Health, CentraState Healthcare expand affiliation". Modern Healthcare. 2020-09-14. Retrieved 2020-10-23.
  11. "About Us | Hackettstown Medical Center, Hackettstown NJ". www.hrmcnj.org. Retrieved 2017-04-09.
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