Pipeline is a healthcare management company that owns and operates hospitals in California and Washington, D.C. The company also provides advisory services with regards to revenue cycle, supply chain, financial operations and capital strategy, according to the report.
Under the agreement, the Palm Drive Health Care District will continue to provide financial support and oversight of SWMC. However, there will be some changes made to the hospital’s executive team. Pipeline COO Luke Tharasri will serve as the hospital’s interim CEO, and Pipeline CFO Robert Heinemeier will serve as SWMC’s interim CFO. Other Pipeline specialists will advise the hospital in various areas such as revenue cycle.
The SWMC-Pipeline agreement is for five years with automatic renewal for one-year periods, according to the report.
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