The chief executive officers of UW Medicine and Valley Medical Center (VMC) have announced the formation of a strategic alliance in which Valley Medical Center, Public Hospital District #1 of King County, will join UW Medicine effective July 1, 2011.
UW Medicine currently includes: Harborview Medical Center, UW Medical Center, Northwest Hospital & Medical Center, UW Neighborhood Clinics, UW Physicians, UW School of Medicine and Airlift Northwest. The creation of this strategic alliance follows several months of in-depth due diligence, discussion with respective boards, communication with key stakeholders, and preparation of a strategic alliance agreement, which was approved by the governing boards of both organizations.
The strategic alliance will increase access to additional healthcare services for South King County residents and offer a seamless continuum of care for patients from primary care through the most complex quaternary needs, in addition to aligning best practice models, expanding clinical, teaching and research programs, and positioning UW Medicine for future healthcare reform opportunities, such as the creation of an Accountable Care Organization (ACO).
“This strategic alliance provides exciting opportunities to combine efforts on important initiatives that will benefit patients and the community,” said Dr. Paul Ramsey, CEO of UW Medicine and dean of the UW School of Medicine. “UW Medicine and Valley Medical Center share a commitment to providing outstanding clinical care with an emphasis on patient safety and service. This alliance will further support our mission to improve the health of the public and enhance our ability to provide national leadership for healthcare reform.”
”In my 28 years at Valley Medical Center, the work of the President’s Advisory Council in guiding us toward a strategic alliance with UW Medicine is the most significant and visionary accomplishment that has been made on behalf of our community because it will help facilitate the most comprehensive clinical care available for the people in our community,” said Rich Roodman, CEO, Valley Medical Center. “The possibilities from aligning with a world class organization of this caliber are endless, and well deserved by the people of South King County. I applaud the Valley Board of Commissioners, the UW Medicine Board of Trustees and the UW Board of Regents for their decisions to proceed.”
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