Dear Community Team Members,
Firstly, I would like to extend my gratitude to our Community staff, who have been very patient during these joint venture negotiations.
After a year of exploring the very complex issue before the board, the Community Medical Center Board of has voted to partner with with the Billings Clinic and Regional Care Hospital Partners of Brentwood Tennessee.
As a member of a new joint venture wholly owned by the Billings Clinic and Regional Care, Community intends to partner with providers that have the strength and experience needed to assist us in accomplishing our objectives which include:
· Lowering the cost of care to our patients.
· Continuing the development of centers of excellence and fostering the development of specialty services.
· Attracting and retaining a high quality medical staff.
· Increasing service levels in existing programs.
· Positioning Community to offer new models of care.
· Making necessary capital investments in new technology.
· Continuing to improve balance sheet financial strength.
While it was a difficult decision, the board strongly believes that entering into a joint venture with another regional community hospital will provide western Montana with the greatest opportunity to continue the historical mission of Community Medical Center.
Input from our community, medical providers and employees at Community all played a key role in the board's decision. Missoula's commitment to Community, our mission, employees and the patients we serve was recognized as a core strength of our institution.
Ultimately, we believe that partnering with an independent organization preserves for the community the greatest opportunity for choice and health care options in the future. While we make choice for health care in our community a priority, we look forward to continuing the strong collaborative relationships with all local health care providers.
A new joint venture will surely bring about changes and we know our team will have questions. We will do our best to be available to our leaders and staff and navigate our way as we solidify this new relationship.
About Billings Clinic
Billings Clinic is Montana's largest health care organization and serves a vast geographical region covering much of Montana, northern Wyoming and the western Dakotas. At its core, Billings Clinic is a physician led, integrated multi-specialty group practice with a 285-bed hospital and Level II trauma center. Billings Clinic, a not for profit organization, is one of Montana's largest employers with over 3,700 staff including 350 physicians, physician assistants and nurse practitioners offering more than 50 medical specialties. Billings Clinic manages 11 Critical Access Hospitals and has multiple branch clinics, a long term care facility, and other partnerships across its region. Physician leadership is embedded in the organization with a physician CEO and through its internal and community governing boards that have physician members. Billings Clinic is consistently recognized nationally for excellent performance in patient quality, safety, and service and became Montana's first Magnet-designated organization for nursing excellence. Billings Clinic is launching Montana's first Internal Medicine Residency program in 2014 as it increases a commitment in its mission to advancing education.
About RegionalCare Hospital Partners
RegionalCare Hospital Partners is a growing system of community hospitals focused on a commitment to high quality care and expanding health care services in non-urban markets. Today, RegionalCare is partnered with eight, market-leading, community hospitals in seven states – Florence, Alabama; Muscle Shoals, Alabama; Ottumwa, Iowa; Wilmington, Ohio; Sharon, Connecticut; Waynesburg, Pennsylvania, Paris, Texas and Sierra Vista, Arizona. The goal in each case is to advance the hospital's strategic vision, enhance its regional influence and reputation, and meet the needs of the community and physicians. RegionalCare has access to capital resources through the private equity group, Warburg Pincus as well as other sources. More information can be found at www. regionalcare.net.