PSMC is organized as a professional service limited liability company under the Connecticut Limited Liability Act. Members of PSMC consist of medical practices of various sizes and specialties in the New Haven, Connecticut area. Members of PSMC consist of medical practices that range from solo practitioners to pre-existing partnerships and professional corporations. For example, all of the participating otolaryngologists already practice as a financially integrated group. The locations of main offices of PSMC members' practices are in New Haven in most cases, and otherwise tend to be in nearby large centers.
Many members have satellite offices.
PSMC will negotiate and enter into contracts with managed care payers on behalf of PSMC's members on an exclusive basis. PSMC members will not be permitted to join other physician networks or individually to enter into managed care contracts. PSMC will operate under centralized management exercised by a Board of Managers, which will include board members representative of each of the various medical specialties of PSMC physicians. Centralized management functions will include, among others, negotiation and execution of managed care contracts, credentialing and admission of new members, billing and collections, and utilization review and quality assurance programs. You have suggested a six city geographic market consisting of New Haven, Hamden, North Haven, West Haven, East Haven, and Branford.