A newly formed health care consortium that includes Lehigh Valley Health Network and the Reading Health System is the largest in the country, the organizations announced late last night.
The consortium is called AllSpire Health Partners and also includes Lancaster General Health; WellSpan Health in York and three New Jersey organizations: Atlantic Health System, Hackensack University Health Network and Meridian Health.
Together, the seven health systems have a service area of more than 6 million people and combined revenue of $10.5 billion.
“Seven of the nation’s best health care systems have taken the initiative to form an alliance that will embrace a value-based model in the Northeast,” said Ronald W. Swinfard, MD, president and chief executive officer of Lehigh Valley Health Network and board officer of AllSpire Health Partners. “In the decades to come, we will be recognized as a world leader in health care innovation, demonstrating an unwavering commitment to improve the health status of the individuals and communities we serve.”
“This groundbreaking alliance among seven health systems provides the tools for us at Lehigh Valley Health Network to deliver a higher level of care to people in the Lehigh Valley,” said William F. Hecht, chairman of the Board of Trustees of Lehigh Valley Health Network. “AllSpire Health Partners has great potential to enhance clinical research, harness leading-edge technology and strengthen medical education throughout the Northeast.”
The new consortium will carry out joint activities in traditional areas of patient care services, research and education to enhance the value of health care that communities receive. In addition, the consortium will address economies of scale, shared best practices to improve health outcomes and identify opportunities in the new era of health care delivery. The alliance will develop and participate in shared services in order to reduce costs.