SVMHS Approves Partnership with Montage Health
Salinas Valley Memorial Healthcare System (SVMHS) Board of Directors voted
unanimously this afternoon to approve a partnership with Montage Health
(parent company of Community Hospital of the Monterey Peninsula and formerly
Community Hospital Foundation). If approved by Montage Health, the agreement
would result in joint ownership of three entities designed to improve
the overall health of the community. Those companies include Aspire Health
Plan, Community Health Innovations, and Coastal Management Services.
“We believe this could be an historic partnership that will have
a positive impact on the health and wellness of the people living in our
region,” said Victor Rey, Board Vice Chair. “This collaboration
is designed to provide the community with care that is better coordinated
and offer services at a more affordable price.”
Aspire Health Plan offers a Medicare Advantage plan, which offers top
rated hospital care, doctors and drug benefits into a single plan. Open
enrollment for the plan starts October 15. Community Health Innovations
(CHI) supports the shifting focus of healthcare from treating the sick
to keeping people healthy. The emphasis is on supporting wellness though
coordination of care, disease management, and improving the patient experience.
Coastal Management Services provides administrative services including
“While the partnership is strategic from a business standpoint,
this collaboration is ultimately designed to deliver better care to the
community,” said Allen Radner, MD, Chief Medical Officer at SVMHS.
“We are focused on keeping people healthy and that is a vision shared
by both organizations.”
The Montage Board is scheduled to vote on the partnership terms October
6. If both Boards approve, the agreement would be effective immediately.
The partnership includes a 4.57 million dollar investment by SVMHS and
gives SVMHS 49% stake in the three companies.