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Geisinger becomes the first member of Risant Health

Agreement will strengthen local care and create a Pennsylvania physician pipeline

FOR IMMEDIATE RELEASE:

SCRANTON, PA –- Geisinger and The Commonwealth Medical College have received all necessary regulatory approvals and have closed on their legal integration creating the Geisinger Commonwealth School of Medicine, effective Jan. 1. This announcement solidifies the two organizations’ resolve to work together to build a fully-integrated learning experience while also filling a tremendous need for physicians in northeastern and north-central Pennsylvania. Geisinger becomes one of just a few organizations in the country that brings together a health system, health plan and medical school.

“Joining together a world-class health system and health plan with a young, innovative school of medicine will make our region a hub for medical education, research and discovery,” said David T. Feinberg, M.D., MBA, Geisinger President and CEO. “Through this partnership, Geisinger Commonwealth will continue to realize the vision and mission of its original founders to provide high-quality healthcare to patients in the region for generations to come.”

This partnership strengthens each organization’s mission to improve the health and wellbeing of local communities, and to demonstrate sustained improvements in health outcomes of the area population. Given Geisinger’s investments in electronic health records, data analysis and pioneering ProvenCare delivery models, this partnership presents a rare opportunity to work more closely with physicians from the very beginning of their careers in the service of improving population health. Geisinger Commonwealth is also uniquely positioned to create innovative new masters degree programs that leverage the health system’s signature excellence in areas like genomics and information technology. These and other programs will be designed to deliver a complete spectrum of education to build the healthcare teams of the future.

“Both Geisinger and TCMC have focused on developing empathy as a key skill in a changing healthcare landscape,” said Steven J. Scheinman, M.D., who will continue to serve as the school of medicine’s president and dean and becomes chief academic officer and executive vice president at Geisinger. “Geisinger through its emphasis on Caring and ProvenExperience program, which offers refunds to patients based on kindness and compassion, and TCMC through its Family Centered Program, which pairs medical students with multi-generational families in their first two years of instruction. We all believe that empathy, compassion and kindness are key to the future of medicine and look forward to creating an impact in these areas as healthcare evolves and transforms.”

Both Dr. Scheinman and Dr. Feinberg emphasized that the medical college’s many close relationships with community partners will be maintained during and afer transition to Geisinger Commonwealth.

With the nation facing both looming physician shortages and shortages in residency slots, Geisinger Commonwealth School of Medicine will ensure that northeastern and north central Pennsylvania has a development pipeline of well-trained, highly-qualified professional and compassionate doctors that will care for their families and friends for generations to come. The partnership will allow both institutions to leverage further the academic, clinical and research components of both organizations by consolidating these efforts within the school of medicine.

“Geisinger Commonwealth School of Medicine will continue the community-first emphasis that TCMC has built in its short history,” said Dr. Feinberg. “Our students, physicians and staff will continue to be immersed in the social context and the impact of illness on the lives of patients. Together we will offer a secure, stable environment in which to educate the physicians of the future.”

All TCMC employees are now employees of Geisinger, and will be transitioned to Geisinger benefits over the coming year as the organizations integrate. Other than the name and branding changes, business will continue as usual for students, faculty and staff of Geisinger Commonwealth School of Medicine through the integration process, and all previously scheduled college events will take place as planned.

About Geisinger
Geisinger is among the nation’s leading providers of value-based care, serving 1.2 million people in urban and rural communities across Pennsylvania. Founded in 1915 by philanthropist Abigail Geisinger, the non-profit system generates $10 billion in annual revenues across 134 care sites - including 10 hospital campuses, and Geisinger Health Plan, with 600,000 members in commercial and government plans. The Geisinger College of Health Sciences educates more than 5,000 medical professionals annually and conducts more than 1,400 clinical research studies. With 26,000 employees, including 1,600 employed physicians, Geisinger is among Pennsylvania’s largest employers with an estimated economic impact of $14 billion to the state’s economy. On March 31, 2024, Geisinger became the first member of Risant Health, a new nonprofit charitable organization created to expand and accelerate value-based care across the country.  Learn more at geisinger.org or connect with us on Facebook, Instagram, LinkedIn and X.

 
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