Lehigh Valley Health Network, Reading Health System join 5 other systems to form health alliance
New consortium called AllSpire Health Partners will be nation's largest
Lehigh Valley Health Network and Reading Health System are joining forces with five more area health systems to form the nation's largest health care consortium.
The new alliance -- called AllSpire Health Partners -- will include LVHN, RHS, along with Atlantic Health System of Morristown, N.J., Hackensack University Health Network of Hackensack, N.J., Lancaster General Health of Lancaster, Meridian Health of Neptune, N.J., and WellSpan Health of York, Pa.
According to LVH's website, the participating health systems will immediately share best clinical practices in individual areas in which they have been recognized in U.S. News & World Report.
Together, the seven health systems have a service area of more than 6 million people and combined revenue of $10.5 billion – making AllSpire Health Partners the largest health care consortium in the country.
AllSpire Health Partners is an alliance of seven hospital systems (containing 25 total hospitals) in New Jersey and Pennsylvania.
Its members encompass systems containing nationally ranked hospitals that are within the top 10 in their state and more than 20 specialties ranked in the Top 50 in the nation, according to U.S. News and World Report.
“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.”
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.
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