The strategic consulting agreement with the Fort Wayne-based hospital system comes as the Hamilton County-owned Riverview is recovering from consecutive years of operating losses.
The Certificate of Public Advantage, or COPA, allows hospital mergers that the Federal Trade Commission otherwise considers illegal because they reduce competition and often create monopolies.
The Lebanon-based hospital faces increased competition from large health systems that benefit from larger economies of scale and marketing budgets.
Indiana’s hospital systems could face hundreds of millions of dollars in annual Medicaid reimbursement cuts if the rates they charge to employer-provided insurance plans are higher than thresholds set by Gov. Mike Braun’s administration.
The move builds on a steady drumbeat of initiatives by the Fort Wayne-based health system in recent months to increase its brand awareness, services and infrastructure in central Indiana.
He succeeds longtime leader Bryan Mills, who announced his retirement earlier this year after more than 40 years working for Community.
The Emergency Downtime Solution is designed to allow health care providers to access clinical information such as lab results, medication lists and patient histories even when their systems are down.
About 50 people have advanced through the Mosaic program to gain employment at the Indianapolis-based health system.
The relationship comes following at least two consecutive years of operating losses for Riverview.
Parkview said work on the 108,000-square foot hospital and 30,000-square foot medical office building is expected to begin next year.
Parkview said the hospital would be roughly 200,000 square feet, accommodate up to 40 inpatient beds and offer a 24/7 emergency department.
Fort Wayne-based hospital system Parkview Health does not have a hospital in the Indianapolis area, but it is seeking to increase its name recognition in the state’s political center and largest market.
Dr. Ryan Nagy, who previously held the role, left IU Health earlier this year for a leadership position at Boston Children’s Hospital.
Mills joined Community in 1985 when it was a single hospital. Today, it operates five acute-care hospitals (with a sixth in the works), a cardiovascular hospital, a recovery center, three rehabilitation hospitals and a freestanding behavioral health hospital.
While many hospital systems are using some form of artificial intelligence to streamline administrative tasks, some, like Community, are taking it a step further, using it to inform some aspects of patient care.
The 44-acre campus will span approximately eight square blocks in downtown Indianapolis, replacing Methodist and University hospitals.
The tram recorded roughly 6 million rider trips on a 1.4-mile track running between Methodist Hospital, University Hospital and Riley Hospital for Children. But it came to a screeching halt in 2019.
The Indiana Supreme Court has ruled that appeals of expired commitments are not moot if any potential collateral consequences remain.
A state filing indicates as much as $154 million could be invested in the Larue D. Carter Memorial Hospital property in coming years by Marian University and other entities.
House Bill 1004’s core pricing scrutiny targets hospital systems with $2 billion or more in net patient service revenue in the state.
