Pennant Health Alliance Announces Two New Members
Pennant Health Alliance announced today that Mary Free Bed Rehabilitation Hospital in Grand Rapids and Carson City Hospital in Carson City will join the Alliance.
Pennant Health Alliance is a collaborative that allows health care organizations to share best practices and work together in several areas, including physician recruitment and alignment, health information technology, group purchasing and revenue management. The Alliance was founded by Metro Health, Trinity Health West Michigan (known as Mercy Health), and University of Michigan Health System, and is designed to strengthen community hospitals and physician practices.
“We firmly believe that the best health care starts local and stays local,” said Mike Faas, president and CEO of Metro Health Hospital and CEO of Pennant. “Pennant Health Alliance offers significant operational, quality and financial benefits without the loss of control or ownership.”
The Alliance offers services to members in key areas, including:
- Health information technology to facilitate the often costly transition to electronic medical records.
- Group purchasing that will allow independent hospitals to benefit from greater purchasing power.
- Consultation to improve coding, billing and collection for patient services.
Other customized services, such as quality consulting and performance reporting, are available on an as-requested basis.
“We are pleased to join Pennant, which offers independent hospitals like Mary Free Bed the opportunity to benefit from collaborating with other healthcare organizations in our region,” said Kent Riddle, CEO of Mary Free Bed. “As we look toward the impact of health care reform legislation, partnerships such as Pennant will become increasingly vital – not only to us, but to our entire region.”
Carson City Hospital President and CEO Matthew J. Thompson commented: “Our partnership with Pennant will provide us with a competitive advantage and better prepare us for new health reform challenges. As a rural community hospital, our goal is to keep care local and continue to provide our patients comprehensive care close to home.”
Chief Operating Officer of Pennant Health Mary Boyd said: “The partnership between Carson City Hospital and Pennant will not only benefit the hospital, but will provide Pennant Health with more input from the rural, independent hospital market for the future business endeavors of Pennant. It’s a win-win. Carson City Hospital will have access to our deep resources and we will have insight into the rural hospital market. The addition of Mary Free Bed expands our continuum into patient rehabilitation services and makes the Alliance stronger.”
Amid national health care reform and the region’s aging population, Pennant Health Alliance works to increase patient access to local primary and specialty care, while helping to improve the quality of health care and reduce operating and technology costs for hospitals and physician practices.
The Alliance tackles a national issue, highlighted on the cover of the January 2012 edition of Hospitals and Health Networks. Under a title of “Collaboration Equals Independence,” the article states that “Aligning with the right partners is key for hospitals that want to avoid a merger or acquisition.”
The deep resources of the founding organizations, with unmatched skill and scale, can be leveraged to deliver services. Pennant is backed by the substantial resources and community hospital operations knowledge of Trinity Health, the nation’s 10th largest health system, the University of Michigan Health System, whose specialty clinical programs are routinely recognized among the nation’s best, and Metro Health, a regional health care organization that is routinely recognized for its outstanding care and service.
Hospitals and physician practices can join Pennant Health Alliance through a support services agreement. Services may be purchased through a fee-for-service arrangement or through joint ventures and other contractual arrangements with Pennant.