Hospital of the University of Pennsylvania [SEP] parent company
Hospital of the University of Pennsylvania
The Hospital of the University of Pennsylvania (HUP) is the flagship hospital of the University of Pennsylvania Health System and is located in the University City section of West Philadelphia. It is consistently ranked as one of the top hospitals in the United States.
History.
The hospital was founded at its current location in 1874 by the University of Pennsylvania School of Medicine, making it the oldest university-owned teaching hospital in the country.
The hospital is located on the campus of
instead be paid an all-inclusive fee to maintain the health of the patient (thus incenting the health care provider to focus on the overall health of the patient and preventive care so as to avoid more costly hospital care). In the mid-1970s, he left R.H. Medical and with the aid of $3 million in federal loans, he founded a non-profit HMO, "HMO of Pennsylvania." In 1981, he abandoned the company's nonprofit status and in 1983, he took the parent company, renamed U.S.