Pueblo, Colo. (October 11, 2022) – Parkview Well being System and UCHealth are happy to announce that the organizations have signed a letter of intent (LOI) for Parkview to affix UCHealth in 2023. Within the LOI, which was signed October 7, each well being care programs decide to persevering with and strengthening the well being care providers at the moment supplied in Pueblo and all through southern Colorado.
UCHealth will make investments almost $200 million into Parkview and the Pueblo neighborhood within the coming years whereas persevering with Parkview’s assist of nursing and medical education schemes, serving to recruit new workers members, and stabilizing Parkview’s funds. UCHealth’s funding will embrace a donation of $5 million to the Parkview Basis to determine a long-term fund to assist sufferers, the neighborhood and the hospital.
“It’s no secret that Parkview Well being System has confronted monetary challenges, particularly in the course of the COVID-19 pandemic. Amongst Colorado hospitals, Parkview has one of many highest percentages of sufferers coated by Medicare and Medicaid with about 4 out of each 5 sufferers being coated by a governmental supplier. This, mixed with the present financial atmosphere, is difficult the way forward for the hospital,” mentioned Leslie Barnes, Parkview Well being System president and CEO. “Becoming a member of UCHealth will present new sources and long-term stability for Parkview’s sufferers, workers, suppliers and the broader neighborhood, whereas permitting us to proceed caring for underserved sufferers in our neighborhood.”
Along with persevering with the well being providers at the moment supplied at Parkview, UCHealth plans to assist develop superior remedies and medical trials in Pueblo, serving to sufferers entry probably the most modern care and obtain wonderful outcomes within the area Parkview serves. Care coordination can also enable extra sufferers from Pueblo and southern Colorado to obtain the inpatient and outpatient care they want, nearer to residence.
UCHealth, the state’s largest supplier of Medicaid, can be dedicated to persevering with Parkview’s take care of sufferers who could have extra problem accessing well being care. Parkview and UCHealth share comparable commitments to neighborhood advantages and charity care.
“UCHealth is honored that Parkview has chosen to affix us, growing the collaboration we began a few years in the past. We’ve comparable missions and commitments to serving communities and offering the very best high quality take care of sufferers,” mentioned Elizabeth B. Concordia, UCHealth president and CEO. “We sit up for constructing on the wonderful care that Parkview’s 3,000 workers members and suppliers ship as we speak whereas making certain the hospital and its sufferers have long-term stability.”
“UCHealth was fashioned a decade in the past, and over that point, the system has grown in lots of areas from Greeley to Longmont, and from Steamboat Springs to Colorado Springs. In every of these places, their hospitals and clinics have grown, including staff and providers, growing neighborhood advantages, and bringing new, modern remedies for sufferers. I count on the identical for Parkview and all of southern Colorado, and I sit up for advancing the wonderful medical care we already supply for our sufferers,” mentioned Parkview Well being System Board Chair Judy Fonda, who can be the proprietor of a Pueblo enterprise.
Parkview’s workers, suppliers and leaders will retain their positions, and their present advantages will stay in place for the foreseeable future.
Over the approaching months, UCHealth and Parkview will full their remaining settlement, with an efficient date anticipated in mid-2023. UCHealth will share extra data with staff and the neighborhood throughout this time, easing the transition and answering their questions.
