New Eastside Health Alliance in the works

EvergreenHealth and Overlake Medical Center have announced a new joint venture, the Eastside Health Alliance, in a press release.

Evergreen is a two-hospital healthcare system, with their main campus in Kirkland and other facilities in north King and south Snohomish countries. Evergreen serves almost 850,000 residents. Overlake is a nonprofit medical center on the Eastside.

The collaboration is designed to bring together the organizations’ respective cardiac, cardiothoracic and neuroscience services. The venture will create Eastside Health Alliance, combining networks from the organizations to provide a more integrated system of health care across the Eastside, according to the release.

CEOS from both organizations said the collaboration would be beneficial to both organizations, providers in the network and patients.

“Through this joint venture, we are able to better compete in the ever-changing health care marketplace and benefit from the sharing of best practices, operational efficiencies, and enhanced care,” said Overlake CEO J. Michael Marsh in a statement.

EvergreenHealth CEO Robert Malte agreed with the sentiment.

“Our new joint venture will help us simultaneously improve clinical outcomes for our patients and reduce the per capita cost of care for the benefit of patients, businesses and our region,” said Malte in a statement.

The Eastside Health Alliance aims to improve the patient experience through easier and cheaper access to coordinated care. The venture will also help providers and employers with increased communication, participation in innovative value-based contracts, and access to a clinically integrated network and integrated information technology, according to the release.

The two hospital systems will remain independent entities and the Eastside Health Alliance will be governed by a new Board of Directors, with equal representation from both organizations. The venture will not impact the existing governance of either organization.