AURORA, Colo. (June 23, 2011) – University of Colorado Hospital at the Anschutz Medical Campus and Poudre Valley Health System announce that they have signed a letter of intent, allowing the parties to explore creating a joint operating agreement.
The University of Colorado Hospital Board of Directors and the Poudre Valley Health System Board of Directors voted to move forward with a letter of intent to explore creating a partnership between the institutions.
“The mission and values of University of Colorado Hospital and Poudre Valley Health System are complementary. Both place priority on providing compassionate care for patients, while furthering knowledge and innovation,” said University of Colorado Hospital President and CEO Bruce Schroffel and Poudre Valley Health System CEO Rulon Stacey in a joint statement. “Our goal is simple: to provide the best possible health care to our communities, the state and the Rocky Mountain region.”
Health insurance reform, the increasing complexity and cost of treating patients and a projected shortage of medical professionals were all determining factors in the decision to pursue a joint operating agreement.
Should the University of Colorado Hospital and Poudre Valley Health System enter into a joint operating agreement, a joint operating organization will be formed to oversee strategic direction and overall budget for the unified system. University of Colorado Hospital and Poudre Valley Health System will maintain control of operations at their respective facilities.
About University of Colorado Hospital
University of Colorado Hospital is the Rocky Mountain region’s leading academic medical center. It is ranked among the top 10 academic medical centers in the United States by the University HealthSystem Consortium, and is ranked as the best hospital in the Denver metro area and one of the best in the country by U.S. News & World Report. UCH is best known as an innovator in patient care and often as one of the first hospitals to bring new medicine to patients’ bedside. The hospital’s physicians are affiliated with the University of Colorado School of Medicine, part of the University of Colorado system. Based on the expansive Anschutz Medical Campus in Aurora, CO, the hospital is where patient care, research and education converge to establish the future of health care delivery. For additional information, please visit the University of Colorado Hospital media page.
About Poudre Valley Health System
Poudre Valley Health System is a locally owned, private, nonprofit organization with a strong vision: to provide world-class health care. PVHS is a recipient of the Malcolm Baldrige National Quality Award, the highest presidential honor for quality and process improvement. Based in northern Colorado since 1925, PVHS provides evidence-based health care and wellness services in Colorado, Nebraska and Wyoming, serving more than 50,000 square miles. PVHS is a regional medical hub that includes Poudre Valley Hospital and Medical Center of the Rockies, both Magnet Award recipients, and a network of medical and behavioral health clinics. PVHS has more than 5,100 employees. The organization’s mission is to be an integrated, independent, non-profit organization providing innovative, comprehensive care of the highest quality while exceeding expectations of the communities it serves. For more, visit pvhs.org.
Erika Matich, 303-524-2780, [email protected]