Wellmont Health System officials have launched a process to evaluate strategic options for the organization's future, including the possibility of aligning with another health system. The Wellmont board of directors and leadership team will spend this year engaged in an exploratory process with healthcare experts to evaluate how Wellmont needs to evolve to thrive in the future.
By proactively beginning this process, we are taking our future into our own hands and will create a stronger health system for our community. Visit forwardwithvision.org to learn more.
In consultation with national experts, a special committee of the Board has begun a process to assess strategic options for the organization's future. The guiding principles that will govern this assessment are:
7/30/14 - I am excited to share an update about where we are in charting the right path for Wellmont's future. The Wellmont Board of Directors met at length last night and made the decision to narrow the list of six potential health system partners to three, including a regional system and two significant health systems beyond our area, all of which are not-for-profit organizations.
This is another important step in a deliberate process set in motion by our board more than a year ago. But there is still much work to do. The selection of a potential partner which can meet our high standards and discerning partnership criteria is not expected until this fall, at the earliest.
7/27/14 - In January, Wellmont Health System announced it was exploring whether alignment with another health care organization would better support our mission to provide superior health care with compassion. Our board of directors decided that, under the right circumstances, alignment with another health system would be long term in the best interest of the citizens in our region. So far, we have dedicated a full year and a half to this decision-making process. Our board is not ruling out any options and will consider all viable possibilities, including potential regional solutions.
7/22/2014 – As we begin a new fiscal year, we have
new members joining our boards and new chairmen to lead these bodies.
Wellmont is fortunate to have a seamless transition from one outstanding
chairman of the Wellmont board, Buddy Scott, to another, Roger Leonard.
6/11/14 – We are pleased to introduce Wellmont's Fiscal 2013 Report to our Communities. As we reflect on a year of accomplishment, we also look to the future and are pleased to share an update on Wellmont's strategic options process - Forward with Vision
Since our last update, Wellmont has issued requests for proposals from organizations interested in strategic alignment. Our leaders have set aside considerable time to meet with health systems that wanted to learn more about Wellmont. The result: Wellmont has received substantial interest and a number of proposals from a variety of sophisticated health systems.
5/2/14 – The process of assessment will be underway in the coming months. We anticipate several potentially viable options will emerge, and the ultimate decisions reside with the Wellmont Health System board of directors. You can have confidence that the board's wisdom and commitment to our communities will ensure a deliberate, unhurried and thoughtful process.
No formal decisions have been made and the due diligence work we are doing now is bound by confidentiality agreements. Any speculation or information you hear that conveys any definitive decisions have been made is simply not true. I commit that as soon as any definitive agreements are reached, we will communicate quickly and clearly.
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After a heart attack in 2002 and a triple bypass in 2007, Donald Burklow is thankful to be back on the shooting range.
No good deed should go unnoticed – and that’s certainly the case for Barbara Caruso, vice president of the Mountain View Regional Medical Center Auxiliary.
Wellmont consistently ranks among the nation's best for high-quality outcomes and processes of care in cardiology, orthopedics, stroke, spine, cancer, primary care and ambulatory services. These awards and accolades help reaffirm Wellmont as the low-cost, high-quality provider of choice in our area.
We are committed to keeping you informed about our progress. Visit forwardwithvision.org to learn more. You can also ask us a question, or subscribe to receive important news and updates using our simple online form.
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