St. Elizabeth Healthcare, TriHealth Launch Joint Venture | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

St. Elizabeth Healthcare, TriHealth Launch Joint Venture

December 10, 2013
by Rajiv Leventhal
| Reprints

The Northern, Ky.-based St. Elizabeth Healthcare and the Cincinnati, Ohio-based TriHealth have signed a letter of intent to establish Healthcare Solutions Network, a regional health organization designed with the goal to enable the two organizations to deliver better health, better patient experiences, and lower costs.

St. Elizabeth is comprised of six acute-care hospitals with almost 1,200 licensed beds. TriHealth, an affiliate of Englewood, Colo.-based Catholic Health Initiatives, has four acute-care hospitals and an expansive ambulatory network throughout the Cincinnati metropolitan area.

This collaboration is not a merger; each organization continues to operate its own facilities and maintain its own management and governing board. Healthcare Solutions Network is jointly owned by St. Elizabeth and TriHealth to house new capabilities and support services that will be needed for the rapidly emerging changes in healthcare, officials of the organizations say.

First-year priorities include:

  • Managed care products: Introducing a new Medicare Advantage product to the market for this exclusive network. Providing a narrow network for health plans, which will offer a cost-efficient, high-quality alternative to broad network Preferred Provider Organization health insurance products.
  • Integrated network: Creating a single network to enable employed physicians, independent physicians and hospitals to align to improve quality and outcomes under a common infrastructure.
  • Population health management: Developing a program to help manage the health of large patient groups through a single clinical network that offers additional value for patients.
  • Clinical services: Coordinating select services to facilitate adoption of best practices, improve quality access at patient and population levels and provide more efficient use of healthcare resources. 

Our systems’ services are highly complementary,” TriHealth CEO John Prout said in a statement. “This collaboration will make it easier for physicians, patients, employers and insurers to access one, high-quality, lower cost and efficient source for health services and solutions across the region.”

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Survey: Majority of Providers Predict Success for New Generic Drug Company, Project Rx

Back in January, four health systems, in consultation with the VA, announced a collaboration to develop a new, not-for-profit generic drug company. A survey has found that 90 percent of providers say they would become customers of the new venture.

Personalized Medicine Awareness Low Among U.S. Adults, Survey Finds

Genetics and personalized medicine are not top of mind for the general public in the U.S., according to a recent survey from GenomeWeb and the Personalized Medicine Coalition.

Industry Organizations Praise Senate Passage of VA Mission Act

The U.S. Senate on Wednesday passed, by a vote of 92-5, a major Veterans Affairs (VA) reform bill that includes health IT-related provisions to improve health data exchange between VA healthcare providers and community care providers.

NIH Issues Funding Announcement for All of Us Genomic Research Program

The National Institutes of Health’s (NIH) “All of Us” Research Program has issued a funding announcement for genome centers to generate genotype and whole genome sequence data from participants’ biosamples.

MGMA: Physician Compensation Data Illustrates Nationwide PCP Shortage

Primary care physicians’ compensation rose by more than 10 percent over the past five years, representing an increase which is nearly double that of specialty physicians’ compensation over the same period, according to the Medical Group Management Association (MGMA).

Circulation, Buoy Health Collaborate on Integrated Platform for Patient Transportation

Boston-based startup Circulation Health, a ride-ordering exchange that coordinates medical transportation logistics using Lyft and other transportation partners, is partnering with Buoy Health, also based in Boston, to integrate their platforms to provide patients with an end-to-end healthcare experience.