Providence, R.I.-based Lifespan and GE Healthcare entered into a six-year, risk-sharing model collaboration.
Through the agreement, GE Healthcare and Lifespan will work together to identify inefficiencies and decrease costs, improve patient flow, increase capacity for services and reduce wait times, the organizations said via news release. This will be done through a capacity management strategy, assessing Lifespan's imaging needs and co-designing a workforce management system, among other efforts. Overall, Lifespan aims to curb costs by $182 million over the six-year time period.
"Our mission is delivering health with care. Therefore, our patients and their families are at the center of every decision we make," said Timothy Babineau, MD, president and CEO of Lifespan. "Today, our hospitals are at capacity and the emergency departments are full of patients seeking high-quality care. This collaboration with GE Healthcare will help meet these challenges by providing our health system with unparalleled access to resources, expertise and digital tools. This means our patients will receive care in the most appropriate and efficient setting, even as our volume increases."
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