From Modern Healthcare:
West Holt Memorial Hospital, an 18-bed facility in Atkinson, Neb., will see its designation with the Sanford Health system changed from “associate” to “managed,” effective Oct. 1.Under the arrangement, West Holt CEO Michael Coyle will become a Sanford employee, and the system will provide assistance in daily operations and provide purchasing and other services at a reduced fee to the hospital, a news release said.
The release added that the local West Holt board of directors will “remain in full control” of hospital operations and that the change is being made to provide stability and to take advantage of the reduced fees in order to be more competitive. The hospital is part of West Holt Medical Services, which includes the hospital, two clinics and a retail pharmacy.
Sanford Health is a Sioux Falls, S.D.-based system that owns eight hospitals, leases seven and, come Oct. 1, will manage nine. West Holt has had the Sanford “associate” designation since June 1, 2000, and is currently the only Sanford facility in that category.
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