Overview
Regence Health Network Inc (RHN), established in 1973, is a comprehensive primary healthcare system headquartered in Plainview, Texas, with additional locations in Amarillo, Hereford, and Plainview. RHN is committed to providing affordable healthcare services through an integrated network model, offering medical, dental, and behavioral health services. The organization accepts a variety of insurance plans, including Medicaid, CHIP, and Medicare, and provides sliding fee discounts to those who qualify.
Key Services
- Primary Healthcare: Family medicine, internal medicine, and other medical services are designed to efficiently and affordably meet the needs of its patients.
- Dental Services: Modern, state-of-the-art family dental care is offered.
- Behavioral Health Services: An integrated team is committed to fostering healthy lifestyles for its patients.
- On-site Laboratory Services: Equipped to provide a range of CLIA waived and moderately complex testing services.
Executive Leadership
- Rick Love, Chief Executive Officer
Leads the executive team, with detailed professional information available on [LinkedIn](https://www.linkedin.com/in/rick-love-96233825).
- Derek Martin, Chief Financial Officer
Manages the financial aspects of RHN, with his professional profile accessible [here](https://www.linkedin.com/in/derek-martin-214a1710).
- Michael Hemphill, Chief Operations Officer
Oversees operational aspects, reachable via email: michael.hemphill@rhnmd.com and phone: 806-374-7341.
- Matt Driskill, Chief Clinical Officer
Joined in April 2023, contributing extensive experience to clinical operations. More information is available on [LinkedIn](https://www.linkedin.com/in/j-matthew-driskill-mba-hom-facmpe-8b36a08b).
Financial Performance
- Revenue: Approximately $26.1 million.
- Expenses: Around $24.7 million, reflecting a commitment to accessible healthcare.
- Total Assets: Approximately $33.6 million, indicating a robust capacity to sustain and invest in services.
- Total Liabilities: Approximately $2.23 million, showcasing effective financial management.
RHN is recognized for its exceptional performance with a 4/4 star rating on Charity Navigator, signifying its impact and financial health.
Locations and Contact Information
- Head Office: 850 Martin Rd, Amarillo, Texas, 79107, USA.
- Contact: (806) 374-7341
- Website: [www.rhnmd.com](https://rhnmd.com/)
- Other Locations: Facilities in Amarillo, Hereford, and Plainview.
Patient Experience and Community Engagement
RHN focuses on improving patient satisfaction and community health, known for facilitating positive patient experiences and compassionate care. They offer programs such as smoking cessation in collaboration with local initiatives.
Competitor Profile
Overview
Regence Health Network Inc, based in Hereford, TX, focuses on delivering community-centered health services and is integral to the local healthcare landscape.
Top Competitors
1. Aetna: As part of CVS Health, Aetna offers a broad range of health insurance products and services, including an expansive network of over 1.5 million healthcare professionals.
2. Humana: Provides health insurance and related services, with a focus on personalized care solutions. Based in Louisville, KY, it places emphasis on a member-centric approach.
3. Cigna Healthcare: Offers integrated health plans globally, leveraging a network exceeding 2 million healthcare providers.
4. UnitedHealthcare: Part of UnitedHealth Group, emphasizes affordability and accessibility with a network backed by over 1.3 million physicians.
5. Cambia Health Solutions: Parent company to Regence, it focuses on transforming healthcare experiences through regional health plans.
Competitive Landscape Analysis
RHN faces competition from entities like Aetna and UnitedHealthcare, which provide diversified health services appealing to different segments. Companies like Cambia Health Solutions and Humana focus on personalized care, posing challenges for RHN to maintain local market relevance.
Strategies for RHN could include enhancing community-oriented service deliveries and leveraging its understanding of local needs to differentiate from national providers. Expanding service offerings or partnerships could bolster its competitive stance in preventative care and wellness programs.
Actionable Insights
- Explore local partnerships to enhance service delivery and maintain competitiveness.
- Augment community health initiatives to capitalize on its strong local presence.
- Strengthen service offerings in preventative care and integrated health solutions.
- Monitor competitor strategies, especially in technology and customer engagement, to adapt and innovate service delivery models.
