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PinnacleHealth System and Penn State Milton S. Hershey Medical Center Sign Letter of Intent to Form Collaborative and Innovative Health Enterprise

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Urologyservice
6/26/2014
Today Penn State Milton S. Hershey Medical Center and PinnacleHealth System have signed a Letter of Intent and Term Sheet with the intent to form a new Health Enterprise in central Pennsylvania. 
PinnacleHealth and Penn State Hershey sign letter of intentThis new collaborative and innovative enterprise will bring together a high-performing university medical center and a community health system known for its quality outcomes and patient-focused care. It will provide increased access to a wider range of services and full spectrum of care to patients over a broader geographic base.
 
This new health enterprise would be governed by a new board with equal representation from both organizations. Under the proposed structure, Harold L. Paz, M.D., M.S., chief executive officer of Penn State Hershey Medical Center and Health System and Penn State’s senior vice president for health affairs will oversee the Health Enterprise as the CEO. Michael Young, President and CEO of PinnacleHealth System, will oversee the operations of the enterprise as President.
“In response to rapidly-evolving market conditions driven by healthcare reform, and with a continued focus on cost effective, high-quality care delivery and accessibility, PinnacleHealth System and Penn State Hershey see the formation of a combined health system as the way forward in maintaining a relentless focus on innovation, a commitment to quality patient care, and the discovery of new and better ways to prevent, diagnose and treat disease,” said Harold L. Paz, MD, MS, CEO of Penn State Hershey Medical Center and Health System, Penn State’s senior vice president for health affairs and dean of its College of Medicine.
 
“Working together we will continue to improve the health of our communities and find new opportunities to deliver more comprehensive, high quality, cost effective and accessible healthcare services to the greater region,” said Michael A. Young, FACHE, president and CEO of PinnacleHealth. “Through our complementary strengths, Penn State Hershey and PinnacleHealth will be well-positioned to meet the growing and diverse healthcare needs of the people of central Pennsylvania.”
 
Both health systems will continue to operate independently and as normal until the integration is finalized and all necessary approvals are obtained. 

Learn more: http://collaborationandinnovation.wordpress.com
 
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About Penn State Milton S. Hershey Medical Center
Founded in 1963 through a gift from The Milton S. Hershey Foundation, Penn State Milton S. Hershey Medical Center is a leading university medical center located in Hershey, Pa. The 551-bed Medical Center is a provider of high-level, patient-focused medical care. Annually the Medical Center admits more than 27,000 patients, accepts more than 900,000 outpatient visits, receives nearly 67,000 emergency room patients and performs nearly 28,000 surgical procedures. The Medical Center campus includes Penn State College of Medicine (Penn State’s medical school), Penn State Hershey Cancer Institute, and Penn State Hershey Children’s Hospital—the region’s only children’s hospital. The Medical Center campus is part of Penn State Hershey Health System, which also includes the Pennsylvania Psychiatric Institute, Penn State Hershey Rehabilitation Hospital, and other specialty facilities.
 
About PinnacleHealth System
PinnacleHealth is a pioneer not-for-profit healthcare system dedicated to improving the health and quality of life for the people of Central Pennsylvania since 1873. A proven leader in medical innovation, PinnacleHealth offers a wide range of services from primary care to the most complex surgeries and Magnet recognition for nursing excellence. The healthcare network includes four campuses (Community, West Shore, Harrisburg and Polyclinic) with three acute care hospitals, the Pennsylvania Psychiatric Institute, the Helen M. Simpson Rehab Hospital and PinnacleHealth Cancer Center (second West Shore location to open summer 2014). With a total of 577 beds, PinnacleHealth Hospitals admit more than 35,000 patients, treat more than 720,000 outpatients, receive more than 110,000 emergency visits and complete more than 35,800 surgical procedures each year.
 
Medical services, including family practice, imaging, outpatient surgery and oncology are offered at multiple locations throughout the region. The PinnacleHealth Medical Group includes more than 220 practicing clinicians and spans four counties. All 26 primary care patient-centered medical home locations are certified by the Accreditation Association of Ambulatory Health Care (AAAHC).  PinnacleHealth is part of RiverHealth ACO, an Accountable Care Organization (ACO) in the Medicare Shared Savings Program (MSSP).