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Parkview Well being System and UCHealth finalize partnership

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Parkview Well being System in Pueblo, Colorado and UCHealth have signed an settlement to deliver the 2 well being care suppliers collectively starting in mid-2023. Picture: Getty Photos.

Parkview Well being System and UCHealth have signed an settlement to deliver the 2 well being care suppliers collectively. The partnership will present investments to strengthen the well being care companies presently provided in Pueblo and all through southern Colorado. The organizations signed the definitive settlement on Jan. 24, following the signing of a letter of intent on Oct. 7, 2022.

“Serving to residents of Colorado entry the care they want, near house, is certainly one of UCHealth’s strategic priorities,” mentioned Elizabeth B. Concordia, UCHealth president and CEO. “Collectively, Parkview and UCHealth will assist sufferers in Pueblo and all through southern Colorado whereas additionally increasing entry to superior therapies and medical trials.”

As Parkview and its staff be a part of UCHealth in mid-2023, UCHealth will start investing almost $200 million into Parkview and the Pueblo group together with:

  • A $5 million donation to the Parkview Basis to ascertain a long-term fund to assist sufferers, the group and the hospital.
  • Help with recruiting glorious employees and physicians.
  • Assist for nursing and medical teaching programs.
  • Capital investments to improve Parkview’s services, gear and expertise.
  • Continued partnerships with native universities and group schools to develop Colorado’s well being care workforce.
  • Assist to stabilize Parkview’s funds and proceed the companies provided at present.

“Lately, well being care companies in Pueblo and throughout southern Colorado have been negatively impacted by the financial results of the COVID-19 pandemic,” mentioned Leslie Barnes, Parkview Well being System president and CEO. “We’re excited to affix UCHealth as a result of this partnership will strengthen the care offered in our group, making certain that sufferers and residents right here will proceed to have entry to high-quality care offered by our devoted physicians, superior follow suppliers and employees members.”

Parkview already makes use of UCHealth’s digital medical document and different IT techniques, and this expanded partnership will construct upon an already profitable collaboration.

Parkview and UCHealth will keep an area board of administrators for Parkview made up predominantly of Pueblo residents who will proceed to supply oversight of its companies and high quality, and Parkview’s native management workforce will guarantee sufferers obtain the very best care. Parkview may also proceed to be the most important employer in Pueblo. Parkview’s employees, suppliers and leaders will retain their positions, and their present advantages will proceed for the foreseeable future.

UCHealth and Parkview anticipate the partnership to be accomplished in mid-2023 following customary regulatory approvals.

As a nonprofit well being care system and the state’s largest supplier of Medicaid, UCHealth is devoted to the communities it serves. In fiscal 12 months 2022, UCHealth offered greater than $1.1 billion in whole group advantages together with $388 million in uncompensated care, incomes it the nation’s No. 2 rating for social accountability by the Lown Institute.

About Parkview Well being System

Based in 1923, Parkview Well being System in Pueblo, Colorado, gives basic acute well being care and well being specialty companies. As a personal, non-profit group, Parkview is licensed for 350 beds and gives a broad vary of well being care companies together with a verified Degree III Trauma Heart together with distinctive complete cardiac and orthopedic care. Parkview Well being System is the chief in all service strains in our service space. As a significant well being care supply, Parkview’s service space contains Pueblo County and 14 surrounding counties, which collectively characterize 370,000 whole lives.

Parkview Well being System is the most important non-government, nonprofit, personal sector employer in Pueblo County with roughly 3,000 staff and gives a talented medical employees of over 370 physicians. Parkview’s annual payroll contributes $232 million to the financial system, triggering a powerful influence for the local people.

About UCHealth

UCHealth is an modern, nonprofit well being system that delivers the very best high quality medical care with a superb affected person expertise. UCHealth contains 29,000 staff, 12 acute-care hospitals and a whole bunch of physicians throughout Colorado, southern Wyoming and western Nebraska. With College of Colorado Hospital on the CU Anschutz Medical Campus as its educational anchor and the one grownup educational medical middle within the area, UCHealth is devoted to offering unmatched affected person care within the Rocky Mountain West. Providing greater than 150 clinic areas, UCHealth gives in depth group advantages and pushes the boundaries of medication by superior therapies and medical trials, bettering well being by innovation.

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