Including Memorial Hospital, the alliance — originally formed in July 2013 — is composed of 31 hospitals and 1,800 physicians, according to the report. Under the partnership agreement, Memorial Hospital will remain independent while sharing best practices and resources with the other members of the alliance, in addition to helping with the development of coordinated information systems, cost reduction and population health management.
Memorial CEO Billy Walker said becoming a member of Stratus will enable the hospital to improve healthcare delivery and clinical outcomes, increase patient access using telehealth and properly position itself for the transition from volume-based reimbursement to pay-for-performance, according to the report.
More articles on hospital partnerships:
Mount Sinai Health, Crystal Run Healthcare form alliance
St. Luke’s, Weiser Memorial consider integration
North Shore-LIJ joins Cleveland Clinic’s Cardiovascular Specialty Network
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