Wake Forest And Vidant Health Form Alliance

While the recent trend has been for smaller medical practices to combine into a single entity, this is not always the case. Modern Healthcare writes about the Wake Forest, WakeMed, and Vidant health systems in North Carolina forming a “non-ownership alliance. The groups will “share back-office functions while still maintaining their independence.”

The alliance will allow the “systems to meet the goals and challenges of population health management without formally merging. The partners can take advantage of joint purchasing—such as for costly technology upgrades and other supplies—and also develop data and analytics to help reduce the cost of delivering care.”

The new organization “will offer services such as supply chain management, information technology infrastructure and other tools for managing clinical care more efficiently. The model also sets the groundwork for developing accountable care organizations and coordinating care for patients.”

Summary By MedicalGroups.com

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