Shared Services initiative will help reduce costs, improve patient care
WINSTON-SALEM -- Novant Health announced today a collaboration with
Cape Fear Valley Health in Fayetteville, NC, that is designed to reduce
expenses and improve patient care. This initiative will bring shared
value to both organizations while improving the vitality of the
organizations going forward.
"Novant Health is thrilled to partner with Cape Fear Valley Health
and support their provision of high quality, affordable care to the
Fayetteville area," said Carl Armato, president and CEO of Novant
Health. "As the healthcare landscape continues to change, agreements
like this allows us to share our resources and reduce redundant
investments by Cape Fear Valley, yet maintain local independence."
Novant Health Shared Services aims to help healthcare organizations
and the communities they serve through a wide range of partnership
possibilities that preserve local market ownership and autonomy. Cape
Fear Valley Health consists of 781 beds, five hospitals, as well as an
extensive network of physician offices throughout the region.
"We are excited about this innovative partnership with Novant
Health," said Mike Nagowski, CEO of Cape Fear Valley Health, "we feel
this provides both organizations with the opportunity to reduce the cost
of healthcare, while ensuring the highest levels of quality care."
Both organizations will remain independent, retaining their local ownership and governance.