Two not-for-profit healthcare organizations in the Spokane, Wash., area are forming a new company with more than 300 physicians—but they're emphasizing that this is not a merger or acquisition deal.
The Group Health Cooperative and Providence Health Care are forming a new limited liability corporation under which “both organizations will work together in innovative ways to improve the overall delivery of healthcare services in Spokane,” according to a joint news release.
“By improving coordination and communication among care givers who utilize the best evidence-based medicine, we will be able to improve quality,” Mike Wilson, Providence Health Care Eastern Washington chief executive, said in the release. “At the same time, we will help patients access the right kind of care at the most appropriate time and in the most appropriate setting. The result will be better health outcomes for patients, less duplication, and an overall reduction in cost.”