Hospital of the University of Pennsylvania.
The University of Pennsylvania Health System (Penn Medicine) has announced an alliance with with two Trinity Health (a Catholic hospital chain) hospitals to expand access to care and develop clinical programs in cancer care, cardiology and surgical services in Greater Philadelphia.
One major part of the agreement (whose financial details weren’t disclosed) is for patients at Mercy and St. Mary hospitals to get improved access to tertiary and quaternary care.
The alliance will let Penn Medicine extend more routine care closer to patients’ homes while they continue to be able to use Penn Medicine for complex and specialty care.
FierceHealthcare noted the arrangement is part of “a recent trend which has seen providers eschewing mergers in favor of collaborative efforts. For example, Ascension Health recently walked away from a proposed merger with Providence St. Joseph Health in favor of a strategic overhaul seeking lower-cost ways to manage the increased risk hospital systems are required to take on due to the industry’s shift toward value-based payment models.”
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