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Cleveland Clinic And Community Health Systems Form Strategic Alliance

Stocks in this article: CYH

Community Health Systems (NYSE: CYH) and Cleveland Clinic have formed a strategic alliance to enhance the quality of patient care, improve access to healthcare services, reduce costs and drive operational excellence.

In this period of dynamic change in healthcare, Cleveland Clinic and Community Health Systems recognize that collaboration is essential to developing innovative solutions that address today’s complex challenges and unique opportunities. Working together, Community Health Systems and Cleveland Clinic will draw on each other’s extensive resources and expertise, maximizing strengths in areas such as clinical services, physician alignment and integration, supply chain processes and other aspects of hospital operations. The two organizations will remain independent entities.

With this groundbreaking alliance, both organizations are committed to the values and close collaboration that will drive enhanced quality of care to patients and improve upon the delivery of healthcare services across the communities they serve. With unique cultures, both Cleveland Clinic and Community Health Systems share a vision of healthcare’s future that will help achieve the objectives of each organization.

“As we face an unprecedented transformation in healthcare, we need to adapt and embrace change. This new relationship is reflective of Cleveland Clinic’s culture of collaboration and desire to exchange knowledge,” said Toby M. Cosgrove, M.D., Chief Executive Officer and President of Cleveland Clinic. “As healthcare reform moves forward, we remain focused and committed to providing the highest quality, value and efficiency of care to patients locally and nationally. Our collaboration with Community Health Systems advances these efforts.”

Cleveland Clinic and Community Health Systems come to the new alliance with strong records of success. Cleveland Clinic has focused on developing a model of healthcare for the 21st century that reduces costs and drives quality to provide the best healthcare value. Community Health Systems has demonstrated its ability to facilitate positive change in the way healthcare is delivered. By applying standardized, sustainable processes, the company has improved operations at the many hospitals that have been acquired over the years and is also able to continuously drive advancements in clinical outcomes and ever-improving efficiency in hospitals across the system.

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