Cleveland Clinic and Community Health Systems Form Strategic Alliance
March 12—A leading not-for-profit academic medical center and one of the nation’s largest for-profit community hospital systems have formed a strategic alliance to improve the quality of patient care while reducing costs.
Community Health Systems (CHS), Nashville, Tenn., and Ohio-based Cleveland Clinic will draw on each other’s resources and expertise in clinical services, physician alignment and integration, supply chain processes, and other aspects of hospital operations, the organizations stated in a joint release. The two organizations will remain independent entities.
Initially, CHS’s 135 affiliated hospitals will gain Cleveland Clinic’s clinical expertise in cardiovascular services, clinical integration, and innovative care approaches. Cleveland Clinic will draw upon CHS’s expertise in making hospital operations more efficient.
“This strategic alliance between a major academic system and a for-profit system is a powerful example of the drive toward scale in healthcare delivery,” says Joseph J. Fifer, FHFMA, CPA, President and CEO of HFMA. “Their goals of improving quality and driving down costs through standardization and efficiency are shared by organizations throughout the country, and we are likely to see more innovative partnerships in pursuit of those goals.”
Publication Date: Tuesday, March 12, 2013