Shared services agreement aims to reduce costs and improve patient care
Winston-Salem, N.C. - Novant Health announced today a new shared services agreement with Morehead Memorial Hospital in Eden, N.C. The organizations will work together in key areas including supply chain, strategic planning, and corporate resources. By combining forces, the two organizations expect to optimize the supply chain and bring value to the community.
"Partnering with organizations that are culturally aligned with the Novant Health mission makes sense," said Carl S. Armato, president and CEO of Novant Health. "Ultimately, we aim to improve healthcare one patient at a time and working with Morehead Memorial will enable us to improve affordability and make healthcare remarkable for the residents served by Morehead Memorial."
"The Board of Trustees of Morehead Memorial Hospital is looking forward to this new relationship with Novant Health," said R. Scott Barham, Morehead Memorial Hospital board chairman. "Working with the Novant Health team - and in particular the Winston-Salem market - Morehead will have the resources needed to help reduce cost and improve patient care within our community. We are thrilled to partner with Novant Health to continue providing quality care, with a commitment to patient safety and clinical excellence."
Mark Billings, president of Novant Health Shared Services said, "The flexible partnerships offered by Novant Health will enable Morehead Memorial to work with us in a way that is most beneficial for their needs. We look forward to finding ways to reduce costs and improve patient care together."
Due to its location, it is expected that Morehead Memorial Hospital will work closely with the Novant Health greater Winston-Salem market team to identify areas of opportunity at Morehead Memorial for greater efficiency and best practice collaboration.
"We are eager to work closely with our new partners at Morehead Memorial," said Jeff Lindsay, CEO, Novant Health Greater Winston-Salem and Eastern markets. "We believe our collaboration will bring real value to the community in and around Rockingham County."
The agreement is effective immediately.
Novant Health is a four-state integrated network of physician practices, outpatient centers and hospitals that delivers seamless and convenient healthcare experience to our communities. The Novant Health network consists of more than 1,100 physicians and 24,000 employees who make healthcare remarkable at more than 450 locations including 14 medical centers, three hospitals, and hundreds of outpatient facilities and physician clinics. Headquartered in Winston-Salem, NC, Novant Health is committed to making healthcare remarkable for our patients and our communities serving over four million patients annually. In 2012, Novant Health provided more than $545 million in community benefit including charity care and services. Novant Health is one of the top 25 integrated health systems in the United States and was named a top 50 Best Places for Diverse & Women Managers to Work by Diversity MBA Magazine.
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Morehead Memorial Hospital is a not-for-profit community hospital located on a 22-acre campus in central Eden. It is licensed for 108 acute-care beds and 121 long-term care beds. The main campus is home to inpatient and day hospital services, a state-of-the-art emergency department, a birthing center, a nursing center, a cancer treatment center, and three office buildings for physicians. There is an active medical staff of 64 physicians and a consulting/courtesy staff of 35.