HealthAlliance president and CEO David Scarpino told the Daily Freeman that HealthAlliance board members have agreed to a letter of intent to affiliate with the medical center.
HealthAlliance has two campuses in Kingston, N.Y., and it also operates Margaretville (N.Y.) Hospital, Mountainside Residential Care Center in Margaretville and Woodland Pond at New Paltz (N.Y.).
If the affiliation becomes final, combined services from both of HealthAlliance’s hospitals in Kingston would be housed in one building, according to the report. The report did not specify which building would be home to the combined services.
More articles on healthcare finance:
Beaumont Health to refinance $408.8M in revenue bonds
Unemployment rate impacts how hospitals perform
Tennessee lawmakers looking for permanent fix to funding problem
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.