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(PUEBLO, Colo.) — Parkview Well being System and UCHealth signed a letter of intent on Oct. 7 for Parkview and its workers to hitch UCHealth in 2023.
UCHealth will make investments practically $200 million into Parkview and the Pueblo group within the coming years, whereas persevering with Parkview’s assist of nursing and scientific education schemes, serving to recruit new employees members, and stabilizing Parkview’s funds.
“It’s no secret that Parkview Well being System has confronted monetary challenges, particularly throughout the COVID-19 pandemic,” mentioned Leslie Barnes, Parkview Well being System president and CEO. “Amongst Colorado hospitals, Parkview has one of many highest percentages of sufferers lined by Medicare and Medicaid with about 4 out of each 5 sufferers being lined by a governmental supplier. This, mixed with the present financial surroundings, is difficult the way forward for the hospital.”
Barnes mentioned that the partnership with UCHealth will present new sources and long-term stability for Parkview. Parkview’s employees, suppliers and leaders will retain their positions, and their present advantages will stay in place for the foreseeable future.
Over the approaching months, UCHealth and Parkview will full their remaining settlement, with an efficient date anticipated in mid-2023. UCHealth mentioned they’ll share extra info with workers and the group throughout this time, easing the transition and answering any questions.
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