A newly formed health care consortium that includes Lancaster General Health and WellSpan Health is the largest in the country, the organizations announced late last night.
The consortium is called AllSpire Health Partners and also includes Reading Health System, Lehigh Valley Health Network and three New Jersey organizations: Atlantic Health System, Hackensack University Health Network and Meridian Health.
“This is the first step in a new chapter that will propel us to transform health care delivery,” said Karen J. Kessler, chairwoman of the board of Atlantic Health System and the newly created board of AllSpire Health Partners. “This consortium will produce seven cutting-edge health systems working in tandem, giving patients greater access to best-in-class health care services. This is the future of health care.”
“Seven of the nation’s best health care systems have taken the initiative to form an alliance that will embrace a value-based model in the Northeast,” said Dr. Ronald W. Swinfard, president and CEO of Lehigh Valley Health Network and board officer of AllSpire Health Partners. “In the decades to come, we will be recognized as a world leader in health care innovation, demonstrating an unwavering commitment to improve the health status of the individuals and communities we serve.”
Together, the seven health systems have 25 hospitals, a service area of more than 6 million people and combined revenue of $10.5 billion. According to a news release, together they have more than 20 specialties that US News and World Report ranks in the nation’s top 50. They will immediately share best clinical practices in those specialties, they said.
The new consortium will carry out joint activities in traditional areas of patient care services, research and education to enhance the value of health care that communities receive. In addition, the consortium will address economies of scale, shared best practices to improve health outcomes and identify opportunities in the new era of health care delivery. The alliance will develop and participate in shared services in order to reduce costs.
While traditional partnerships remain important, AllSpire said, there is a greater opportunity to leverage the combined intellectual assets of the consortium to elevate the quality of care, reduce the cost and move toward a regional population health focus.
For more on the New Jersey health systems that have joined the consortium, click here.
Check back for more information shortly.