CEO Tom Parker updated the Snoqualmie Hospital Board on the latest information he and his staff have gathered regarding affiliating with a larger healthcare organization. It appears that Overlake has shown the most interest and is leaning towards the lease option of the SVH hospital/clinic. If so, the Hospital Board might adopt a version of the Verdant Model in which include local organizations receiving Hospital District grants in support of public health initiatives.
During the Thursday, August 12th Board of Commissioners meeting at the hospital (6:30pm), Tom will formally present his affiliation recommendations.
Minutes of meeting: http://bit.ly/2AU98lA
During the March 20th Work Study Session, there was discussion and apparent agreement regarding seeking volunteer help from local Economic Boards of Development (Video @ 26:50) . Later CEO Tom Parker told Danna McCall (Living Snoqualmie Blog) that the Board members expressed interest in having one or more community members involved in the process “to help heighten the awareness of potential affiliate partners of the merits of the Snoqualmie Valley.” http://bit.ly/2GmPsJl
Even though it's fine to ask a volunteer to help sell the merits of the Hospital District to potential affiliation partners, what about also involving the Valley community at large to participate along the way as well?
For example, one way to move the process forward is for the Hospital Board to pursue the Verdant model, essentially leasing the Hospital and using those funds to support local health and human service organizations.
This approach offers Snoqualmie Valley the best from both worlds:
(a) world class acute care from a regional healthcare provider, and
(b) new public health funding for Encompass, the Sno-Valley and North Bend senior centers, the, the Snoqualmie Valley Community Network, plus other local initiatives fighting hunger, homelessness, drug addiction and domestic violence.
Check out what the Public Hospital District in Snohomish County (Verdant Model) is doing with their lease money here.
There is no question that SVHD, like most other smaller hospitals, must affiliate or merge with a larger healthcare entity in order to survive. The only question is whether or not the Hospital Board involve the larger community?
I live in West Seattle, and can do only so much. If you live in the Valley and are excited by the potential that the Verdant Model offers, then I'd encourage you to become personally involved.
The next Baord meeting is at 6:30pm on Thursday, April 20th at the Hospital Hope to see you there.
March 8th BOARD OF COMMISSIONERS MEETING
3-8-18 UPDATE: The SV Hospital Board has voted to stop affiliation negotiations with Astria, and will work on a "plan B" during the next work study session. For video of only the Affiliation report and follow-up discussion, click here.
December 14th BOARD OF COMMISSIONERS MEETING
12-06-17 Work Study Session handouts
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Audio Recording of 11-9-17 Annual Operating Budget Meeting
Among other things, the consultants reported Astria has a "strong history of financial performance ... above average margins ... [and] a strong recent history of physician recruitment, service line expansion and increased market share."
The Board decided to postpone consideration of next steps until November 2nd.
Info-Gather and Assessment - Addendum:
This was a surprisingly robust and detailed meeting that started with an 87 slide powerpoint pointing out Astrias' similar mission/vision/values to SVH, plus detailing the recent consolidation and rebranding of it's many recent acquisitions.
Whether in a merger or long term lease option, Austria committed to assuming and bearing the risk of operations which in either case means assuming debt service on the Hospital District's outstanding revenue bonds. This was a top priority of the Board of Commissioners.
Additionally, Astria commits to an immediate $10 million investment in the first 2 years, and based on its past performance, anticipates strong physician recruitment, service line expansion and increased market share.
Following the formal presentation, Mr. Gallagher responded to various clarifying questions and comments from the Board of Directors.
Audio recording of 10-12-17 Baord of Commissioners Meeting
* More information here
August 30th, 2017 Work Study Session
Consultant Report : Timestamps
Previous meetings