Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Maryland Hospital Systems Announce Name of Alliance

Three Maryland hospital systems — Frederick (Md.) Regional Health System, Meritus Health in Hagerstown and Western Maryland Health System in Cumberland — have revealed the name of their regional collaboration: Trivergent Health Alliance.

Additionally, Raymond A. Grahe, senior vice president and CFO of Mertius, has been named CEO of Trivergent Health Alliance MSO, a management services organization that is a subsidiary of the alliance, according to a news release. Mr. Grahe will assume his new responsibilities early next month, and Dale Bushey — the current vice president of finance at Meritus — will become interim CFO.

Frederick Regional, Meritus and WMHS originally signed a letter of intent last October to create the regional collaboration focused on cost reduction and population health management for western Maryland patients. The health systems agreed to focus on creating a management services organization to reduce costs, improving quality and expanding the Mertius accountable care organization.

More Articles on Hospital Transactions:
Cleveland Clinic, Akron General Health System Sign Letter of Intent to Partner
9 Recent Hospital Transactions and Partnerships
South Central Kansas Medical Center Announces Merger With Summit Clinic

 

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Webinars

Featured Whitepapers