The University has several ties to HPHC.
Many University employees are covered through HPHC, which is one of the four Health Maintenance Organization plans offered by the University's Office of Human Resources.
On the other end of the health care system, part of HPHC's financial difficulties is due to debt it owes several of Harvard's teaching hospitals. HPHC is $250 million in debt to health care providers at institutions across the state.
The University's teaching hospitals handle a major portion of HPHC's hospital workload statewide, because the bulk of HPHC's subscribers live in the eastern part of the state, according to Michael O'Connell, vice president of planning and marketing at Mt. Auburn Hospital
Harvard Medical School (HMS) students have a stake in HPHC's future since some are residents in a program run jointly by the insurer and Brigham and Women's Hospital, an HMS affiliate, according to the HMS website.
HPHC also has a historical tie to the University. In 1969 Robert H. Ebert, then dean of HMS, created Harvard Community Health Plan, one of the first three HMOs in the country and persuaded the University to give its name to the plan. Through various mergers, this group would later become HPHC.
The state has employed the investment firm Salomon Smith Barney to look at possible alternatives to keep the insurer afloat. The state has announced that it would release several reasonable and realistic options for taking HPHC out of state control by Friday.
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