History of Senior Care of Colorado
IPC/Senior Care of Colorado (referred to as “IPC/Senior Care,” or “IPC/SCOC”) is a unique practice dedicated to caring for older adults across the spectrum of care in the state of Colorado. We see patients in our clinics across the Denver Metro area and beyond, in nursing homes and assisted living facilities, and even some hospitals. Today, we have about 60 clinicians (physicians, physician assistants, nurse practitioners, a podiatrist, and a wound care specialist), and a whole host of support staff endeavoring to deliver the very best geriatric healthcare possible to our the 15,000+ seniors who consider us their primary healthcare providers.
In the Beginning. In the mid-1990s, the Denver area boasted the largest number of senior health clinics in the United States—clinics which were largely owned by hospitals and subsidized by the government. GeriMed of America, which managed several of the Denverclinics, was a medical management company whose mission was to use a team approach to provide care through a geriatric medical model. In 1992, Donald Murphy, M.D., started one of those clinics and went on to become GeriMed’s Regional Medical Director. Mike Wasserman, M.D., started another clinic in 1994 and became GeriMed’s President. In 1997, the government stopped subsidizing these clinics and, within three years, most of the hospital-based senior health clinics in Denver shut their doors.
The Vision. In January of 2001, Dr. Murphy and Dr. Wasserman took an enormous risk: they purchased the assets of their two clinics and founded Senior Care of Colorado, PC: a private geriatric-only primary care practice. The naysayers told them that they were crazy—that no practice could survive with only Medicare patients. Yet they had great faith in their vision of a new paradigm in geriatric care—a vision they knew they could realize. They knew that the growing population of seniors across the state of Colorado created great demand on our health care system—a demand that would not otherwise be met. They worked hard to develop an effective person-centered, low-tech geriatric model. Following conservative geriatric medical principals and looking after their patients throughout the continuum of care, they made it through some trying times. And by 2010, Senior Care was the undoubtedly the largest privately-owned practice of its kind in the country.
History of IPC Healthcare
Founded by physicians in 1995, IPC has grown to become the nation's leading private practice hospitalist group. IPC's providers, support staff, operations, and technology are all focused on driving the healthcare delivery system toward better, more efficient and higher quality inpatient care. Today, the company manages over 180 practice groups providing care in more than 1,100 medical facilities in 29 states.
IPC has taken a leadership role in the emergence of the hospitalist medical specialty and today has over 1,700 affiliated providers across the United States. IPC works closely with approximately 35,000 referring primary care physicians and specialists and more than 1,000 health plans to manage more than $1 billion in healthcare expenditures annually. On January 24, 2008, IPC became the first publicly traded group practice exclusively focused on hospital medicine.
A New Era. In December of 2010, the Senior Care of Colorado practice was acquired by IPC Healthcare, completing the full spectrum of care. Our integrated organization cares for patients in our clinics, skilled nursing and assisted living facilities, and in select hospitals, as well. We’ve melded the previous Senior Care’s expertise in the art of geriatric medicine with IPC’s expertise in hospital medicine to deliver the best possible overall experience to our patients. Economies of scale, coupled with IPC’s solid financial position, IT infrastructure, and management expertise, allow us to continue to grow and expand our specialized care for seniors.
In 2015, TeamHealth announced its plans to acquire IPC Healthcare, Inc., the parent organization of Senior Care of Colorado, to form a partnership that will become effective in 2016. With TeamHealth as a leading provider of outsourced physician staffing solutions for hospitals in the United States and IPC as a leading national acute hospital medicine and post-acute provider organization, the IPC/TeamHealth partnership will serve as a powerful platform for delivering high quality care while putting patients’ needs first.
In today’s competitive healthcare environment and with the current and projected shortage of primary care providers, we are constantly learning to be more efficient and effective with our resources. Within the confines of these challenges, we strive every day to deliver compassionate, individualized care to patients and residents in the communities we serve.
While we’re proud that we’ve been able to use every business and management principle at our disposal to succeed, we recognize that the real key to our success is our caring providers and their commitment to the health and wellness of seniors.