In the News: Cincinnati’s Deaconess Hospital to Become Joint Venture With Physicians

Deaconess Hospital in Cincinnati will soon become a joint venture with physicians in a restructuring that participants in the partnership hope will appeal to doctors and help bring a financial turnaround for the struggling hospital, according to the Business Courier of Cincinnati.

Advertisement

The joint venture will see Deaconess Associations, the hospital’s parent organization, owning 60 percent and doctors owning 40 percent of the hospital, which may be renamed Doctors’ Hospital at Deaconess.

The CEO of the hospital has indicated that the venture will likely include about 100 physicians, both primary-care providers and specialists, with some of the doctors possibly taking on management roles, according to the Business Courier of Cincinnati.

Read coverage of the Deaconess Hospital joint venture from the Business Courier of Cincinnati.

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.

Advertisement

Next Up in Integration & Physician Issues

Advertisement

Comments are closed.