Under the partnership, CHI will make an incremental capital infusion of $320 million to support the system's mission and healthcare services statewide. And the system will invest $200 million to expand the academic medical center in Louisville and $100 million in statewide healthcare services.
The partnership will result in a system with a medical staff of more than 3,000 academic and community physicians across Kentucky. Technology – especially telemedicine – will enable network physicians to expand access to specialty care that many communities have not had available before. The proposed system will combine the faith-based and academic missions of the partner organizations, integrating medical research, education, technology and healthcare services wherever patients receive care. The network will collaborate with all healthcare providers, enhancing existing relationships and developing new partnerships, according to the media release.
ROUNDS: The Real Value of ACOs
When: August 16, 12:00–3:00 pm ET
Where: hosted by Norton Healthcare
Register today for this live event and webcast
Plans call for expanding the academic medical center in Louisville to include the University of Louisville Hospital, James Graham Brown Cancer Center, Jewish Hospital and Frazier Rehab Institute, and extending research and teaching programs of the University of Louisville statewide through an academic affiliation agreement with the University of Louisville School of Medicine.
The partnership still must receive regulatory approvals before becoming effective, which could take up to a year. Until then, the partners will operate as separate organizations, the three systems said in a joint media release.