Steward Health Care System LLC is a community-based accountable care organization that offers a full range of health care services to patients in Massachusetts. Steward includes 3,000 physicians, 10 hospital campuses, 24 affiliated urgent care providers, 6 ambulatory surgery centers, home care, hospice and other services. The system earns nearly $2.4 billion in net patient service revenues and serves more than one million patients annually in more than 150 communities.
Steward is widely recognized as a national leader in implementing a new model of health care delivery. As an integrated care organization with over 90% of its commercial lives under risk and over 75,000 Medicare members in the Medicare Pioneer ACO under full financial and clinical risk, Steward provides care for patients across the care spectrum. By providing health care services in a coordinated and more efficient manner, Steward is able to control costs and improve quality, eliminate care fragmentation and reduce duplication of services in the delivery of health care.
Steward has produced impressive results in recent years. The Centers for Medicare and Medicaid (CMS) recently released data that recognizes Steward as the top system in the pilot Medicare Pioneer ACO program in Massachusetts and the second best nationally. Steward also has received top quality and safety honors from numerous industry groups, including HealthGrades, The Leapfrog Group (where all of Steward’s hospitals have earned an “A” rating), and U.S. News and World Report, in recognition of meeting the highest quality industry standards.
Headquartered in Boston, Steward is the fifth largest employer in MA with more than 17,000 employees. As a for-profit health care system, has provided $221 million in community benefits in the past four years. The three main components of the system are:
Founded in 2010 with investment from Cerberus Capital Management, Steward acquired six financially distressed hospitals of the Caritas Christi Health Care system and acquired four other struggling community hospitals over the course of the next few years. In 2011, eight of the ten community hospitals had operating losses; but, by the first quarter of 2015, all of the community hospitals are now profitable and the system is thriving.
Dr. Ralph de la Torre is the Founder, Chairman and CEO of Steward. He was previously the CEO of Caritas Christi Health Care, where he led the transformation of the six-hospital system, restoring it to profitability while simultaneously improving the quality of patient care. Before joining Caritas Christi, Dr. de la Torre was the founder and CEO of the Cardiovascular Institute at Beth Israel Deaconess Medical Center (BIDMC). At the same time, Dr. de la Torre was the Chief of Cardiac Surgery at BIDMC, as well as for the Harvard Medical Faculty Physicians at BIDMC, where he was widely recognized as one of the top cardiac surgeons in his field.