Under the management agreement, UAB Health will assist with business operations at Russell Medical, including supply chain logistics, revenue cycle management and compliance issues. UAB will also help with physician recruiting and staffing.
A UAB Health System also will be appointed to Russell Medical’s board.
Russell Medical said the relationship will allow it to better use its programs service and resources to serve the community. The 81-bed hospital still will be owned by its parent company Medical Park Inc., and staff won’t see changes to benefits or salaries, according to a company news release.
Read more here.
More articles on healthcare industry transactions:
CHS to sell 3 hospitals, exit Virginia
Mercy Hospital in Minnesota to join Essentia Health
LifePoint inks $700M deal with Medical Properties Trust
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit