It’s official: Pueblo’s Parkview Well being System has joined the UCHealth community.
Representatives from Parkview and UCHealth, the multistate nonprofit well being care system headquartered in Aurora, signed a letter in October signaling their intent to merge. A definitive settlement was reached Tuesday, although Parkview isn’t anticipated to start working below the UCHealth banner till midyear.
“Lately, well being care companies in Pueblo and throughout southern Colorado have been negatively impacted by the financial results of the COVID-19 pandemic,” Leslie Barnes, Parkview Well being System president and CEO, stated in a information launch. “We’re excited to hitch 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, the most important nonprofit, private-sector employer in Pueblo, has a employees of simply fewer than 3,000 staff, suppliers and leaders, all of whom will retain their positions and present advantages for the foreseeable future, Parkview spokesperson Todd Seip instructed the Chieftain in October.
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The hospital already makes use of UCHealth’s digital medical document and different IT methods and its Flight for Life helicopter is a part of UCHealth’s transportation companies.
Parkview and UCHealth, in accordance with the discharge, will preserve an area board of administrators for the hospital, which predominantly might be comprised of Pueblo residents who will present oversight of its companies and high quality.
By means of the partnership, UCHealth is predicted to speculate practically $200 million into Parkview and the Pueblo group within the coming years.
These investments embody a $5 million donation to the Parkview Basis to determine a long-term fund to help sufferers, the group and the hospital; help with recruiting employees and physicians; help for nursing and medical teaching programs; and capital investments to improve Parkview’s amenities, gear and know-how.
UCHealth’s funding can also be anticipated to assist Parkview proceed its partnerships with native universities and group faculties to develop the state’s well being care workforce and assist stabilize Parkview’s funds, in accordance with the discharge.
Seip instructed the Chieftain in October that UCHealth’s funding doubtless might be dispersed over a 10-year interval.
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UCHealth and Parkview anticipate the partnership to be accomplished in mid-2023 following customary regulatory approvals.
Parkview was based in Pueblo in 1923 and is licensed for 350 beds. The hospital supplies a broad vary of well being care companies to a service space that features Pueblo and 14 surrounding counties.
“Serving to residents of Colorado entry the care they want, near residence, is one in all UCHealth’s strategic priorities,” Elizabeth B. Concordia, UCHealth president and CEO, stated within the launch. “Collectively, Parkview and UCHealth will help sufferers in Pueblo and all through southern Colorado whereas additionally increasing entry to superior remedies and medical trials.”
Chieftain editor Zach Hillstrom will be reached at [email protected] or on Twitter @ZachHillstrom