Catholic Health Initiatives and Dignity Health on Thursday said they have selected a name that reflects their mission of service and goal of advancing health care for all, in today's bite-sized hospital and health industry news from Alabama, California, and Colorado.
- Alabama: Facebook is partnering with the University of Alabama at Birmingham to monitor illegal online drug sales. According to Gary Warner, director of research in computer forensics at the university, the partnership with Facebook "has grown from identifying spam to antiterrorism work and now combating drug sales online" (Cook, Becker's Hospital Review, 11/13).
- California: California's Department of Managed Health Care on Thursday approved a proposed merger between Aetna and CVS Health. California was one of several states that still had to issue a decision on whether to approve the merger, after the Department of Justice approved the deal last month. According to Healthcare Finance News, New York's Department of Financial Services has yet to issue a decision on the proposed merger, which could close as early as next week (Morse, Healthcare Finance News, 11/15).
- California/Colorado: Catholic Health Initiatives and Dignity Health on Thursday announced that the combined health system created by their proposed merger will be called CommonSpirit Health. CHI and Dignity picked the name from more than 1,200 options to spotlight the systems' shared mission of service and goal to advance health care for everyone. "It was important that our name could provide a connection between all people: our employees, physicians, patients, families and neighbors alike," Dignity CEO Lloyd Dean said, adding, "CommonSpirit does just that" (Bannow, Modern Healthcare, 11/15).
Get the field guide for hospital partnership and affiliation models
Behind the flurry of M&A in recent years, a deeper trend of hospital integration is underway: the emergence of alternative partnerships that secure many of the same benefits of M&A without the financial and legal commitment: Clinical affiliation, regional collaborative, accountable care organization, and clinically integrated network.
This guide defines these types of partnerships and offers benefits, drawbacks, and examples of organizations in each.