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Community Health Systems Forms 8-Hospital Network

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Eight Northeastern Pennsylvania hospitals owned by Tennessee's Community Health Systems have formed a new regional health system called Commonwealth Health to unite resources, information and expertise, reported the Wilkes Barre Times-Leader. The new network also will include 2 physician groups and 5 home health and hospice agencies.

Before affiliating, some of the hospitals suffered from financial problems, while all 8 had tax-exemptions, according to the system website. Now as part of Commonwealth Health, municipalities and counties will receive property taxes for the facilities. But the hospitals will continue to offer millions of dollars in discounted or free care.

The network's hospitals and healthcare providers will retain their names but add "an affiliate of Commonwealth Health" to highlight the new collaboration. The affiliated hospitals also will receive more than $250 million for upgrades and healthcare delivery improvements during the next five years.

Read more at: http://tinyurl.com/76l67uv

Source: FierceHealthcare

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