Five insights:
1. The partnership came as rural hospitals around the country were losing money. According to a Chartis Center for Rural Health report, 450 rural hospitals (46 percent) were in the red in February.
2. Amid financial and staffing pressures, Bassett prioritized outsourcing functions that were not tied to direct patient care. The provider also pointed to Optum’s ability to provide insights and technological innovations as perks.
3. The partnership also balances bringing in support while maintaining autonomy, according to Forbes.
4. Bassett President and CEO Tommy Ibrahim, MD, told Forbes that the provider’s top priority was maintaining a high quality of care, not innovating technology or chasing revenue. It also lacked the bandwidth to capitalize on the information it had.
5. “We had all of this data, but we weren’t analyzing it to make decisions,” Paul Uhrig, Bassett chief legal and digital health officer, told Forbes. “In terms of technology, we had to be able to bring in that expertise,”
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
