St. Vincent Health has acquired a minority interest in Indiana Orthopaedic Hospital and is in discussions with OrthoIndy
physicians and other independent doctors to create a management company that would oversee orthopaedic and spine services
at St. Vincent Indianapolis.
The agreement, announced early Friday morning, is part of a new partnership between the entities, which say they hope the move will improve access to services statewide.
“Our focus has always been to provide the finest quality orthopaedic care to our community,” John Martin, chief executive officer at OrthoIndy, said in a statement. “This partnership provides both parties an opportunity to deliver better access to proven orthopaedic outcomes for communities throughout the state of Indiana.”
Physicians also will provide services in areas across the state where orthopaedic services are scarce. The partnership could expand to additional St.Vincent Health hospitals and other Indiana health providers.
The partnership between the two health providers extends their longstanding relationship. For a number of years, OrthoIndy physicians have had surgery privileges at St.Vincent Health hospitals and participated in its Sports Performance program. The nationally-recognized physician group also provides orthopaedic emergency department services at St.Vincent Indianapolis Hospital.
“As we have experienced quality orthopaedic patient outcomes for a number of years, our new partnership with OrthoIndy and IOH will strive to enhance these services, and create future opportunities to keep health care local in the communities we serve,” St. Vincent’s Chief Strategy Officer Kevin Speer said in the statement. “We will continue our approach to programmatic growth through physician alignment and trusted partnerships with health providers across the state.”
Along with increasing access to services, the orthopaedic partnership will streamline procedures, improve efficiencies and establish one program with many locations for Indiana’s underserved areas, the organizations said. The partnership follows a collaborative model of health care delivery that is being discussed at the federal level as a way to improve quality and reduce costs.
This story will be updated.