We know that our community members, patients, employees and providers will have questions about what this means. Below are frequently asked questions, and you can also submit a question of your own.
As part of a careful and thoughtful process to determine the best way to advance healthcare in Yuma County, the Board of Directors for Yuma Regional Medical Center (YRMC) has unanimously agreed to explore forming a joint venture with LifePoint Health. LifePoint rose to the top as the partner of choice to build on our legacy and advance healthcare services in the Yuma community for generations to come. Our organizations have agreed to a non-binding letter of intent (LOI) to explore forming a joint venture that would include YRMC’s hospital and all related entities.
The YRMC Board of Directors has been engaged in a comprehensive exploration process to evaluate the future of our organization. Through its commitment to the community, the Board accomplished many goals over the last several years and believes there is even more YRMC can do to improve the health and wellbeing of Yuma County.
The non-binding LOI is the first step in the process for YRMC to potentially join the LifePoint family. By joining LifePoint, YRMC would be connected to a national healthcare quality leader and a strong network of community-based hospitals across the country. The proposed joint venture with LifePoint would allow us to better serve the people of Yuma and the surrounding communities, and to cement our system as a leader in Arizona healthcare for many years to come.
This decision to pursue a partnership with LifePoint reflects our vision for a strong future for healthcare in Yuma and a desire to improve our ability to provide local access to a wide range of high-quality healthcare services. YRMC has been able to achieve great growth and success in recent years, and this an exceptional opportunity to bring a national healthcare leader to our community as a true partner who will help YRMC take important strides forward in our ability to continue meeting the needs of our patients and community.
LifePoint Health was founded in 1999 on the idea that everyone deserves quality healthcare close to home and that strong healthcare creates strong communities. Today, LifePoint operates in 29 states, including Arizona, where it currently has three hospitals. Its national network of 87 hospitals is united by a singular mission: Making Communities Healthier. LifePoint is a national leader in the delivery of community-based healthcare, supporting the health and wellbeing of communities just like ours across the country.
LifePoint brings a unique advantage to our community, using its established approach to high-quality, community-based healthcare and learnings from other markets to support the growth of YRMC and to build upon the strong foundation we have today. LifePoint is grounded by a unique culture that is dedicated to advancing its mission, vision and values through everything the company does. LifePoint’s vision is to create places where: people choose to come for healthcare, physicians want to practice and employees want to work.
No. YRMC entered this process proactively, from a position of strength clinically and financially, allowing us to fully explore a range of options from some of the most respected healthcare organizations in the country. Through its commitment to the community, the YRMC Board of Directors accomplished many goals over the last several years and believes there is even more YRMC can do to improve the health and wellbeing of Yuma County. While we are in a good position today, joining forces with a larger organization would help to ensure YRMC is best positioned to meet the health needs of our region for generations to come.
The YRMC Board of Directors has committed to finding the right cultural fit for our organization and community – a partner with similar values who understands and shares our commitment to the community we serve. This potential joint venture is an opportunity to ensure Yumans have an important voice in future decisions about YRMC. Through our ongoing conversations with LifePoint, it became clear that LifePoint’s culture, goals and vision reflect our own.
The proposed partnership provides a great opportunity for YRMC to address some of the most critical issues facing us as a community – including things like mental health and the need for expanded access to services in Yuma. LifePoint has also committed to invest significant capital into our community and our health system.
This proposed partnership would transition the ownership of YRMC from a nonprofit tax-exempt organization to a joint venture that we anticipate will generate new tax revenues for the Yuma community, including helping to support local schools, fund local projects and keep roads safe. Importantly, the joint venture entity would maintain YRMC’s current charity care policies.
For Our Patients and Community
This is an exceptional potential opportunity to bring a national healthcare leader to our community as a true partner who can help YRMC take important strides forward in our ability to meet the needs of our patients and community. YRMC would continue to serve as a cornerstone of this community, and patients would continue to have access to all the same services and physicians they know today. This proposed partnership provides a great opportunity for YRMC to address some of the most critical issues facing us as a community – including things like mental health and the need for expanded access to services in Yuma. LifePoint is committed to establishing YRMC as a key piece of its national network, which includes three Arizona hospitals: Canyon Vista Medical Center, Havasu Regional Medical Center and Valley View Medical Center.
Patients will continue to have access to the services and physicians they know today. In fact, our vision is to provide an even stronger future for healthcare in Yuma, improving our ability to provide access to a wider range of high-quality healthcare services here in Yuma.
LifePoint recognizes the crucial role the Foundation has played in the community throughout YRMC’s history. As part of the proposed joint venture structure, the partnership will fund the capital needs of YRMC and affiliates to allow the new or enhanced Foundation to concentrate its investments toward health and wellbeing programs within the community. We consider this change to be an important opportunity for our Foundation to pursue new ways to support our community’s health needs. The current Foundation will be involved as our process moves forward. Importantly, all foundation donations will be honored or fulfilled as intended.
For Our Employees and Our Providers
As we continue this process, being a place where employees want to work will always be a top priority. Our employees are vital in delivering care in our Yuma community, and without them, we cannot exist.
Nothing changes today. As we move forward with the due diligence process and good faith negotiations, we remain focused on providing our patients with the same high-quality, compassionate healthcare services they expect from our organization.
Upon completion of the proposed joint venture and subject to standard screening and regulatory review, active YRMC employees in good standing, including nurses and providers, would transition to LifePoint. LifePoint would recognize YRMC employees’ years of service.
Providers play a critical role in our future. At this time, we would not expect any changes to medical leadership, medical staff privileges, credentialing procedures or existing contractual agreements for providers in good standing. Subject to standard screening and regulatory review, providers in good standing would continue to care for patients at YRMC as they do today.
Through the proposed joint venture, the organization would partner with independent providers through the extension of LifePoint Health’s Clinically Integrated Network and Accountable Care Organization strategies, including in connection with existing relationships and arrangements through The Southwest Health Collaborative.
Together, we will also explore expanded physician leadership opportunities and access to LifePoint professional development resources.
Will currently independent YRMC providers on medical staff be able to stay independent? What will happen to current physician practices?
Yes. Through the proposed joint venture, the organization will partner with independent providers through the extension of LifePoint Health’s Clinically Integrated Network and Accountable Care Organization strategies, including in connection with existing relationships and arrangements through The Southwest Health Collaborative. LifePoint successfully works with independent providers across the country, and we look forward to strengthening the important relationships we have here in Yuma.
Upon completion of the proposed transaction and subject to standard screening and regulatory review, active YRMC employees in good standing, including nurses and providers, will transition to LifePoint. LifePoint will recognize YRMC employees’ years of service.
As we move forward with the process, we will share more details about the nationally competitive benefits packages available, as well as more about the investments LifePoint regularly makes in its workforce. We look forward to sharing more details like these as they become available.
The non-binding LOI is the first step in the process for YRMC to potentially join the LifePoint family. Next, we will engage in mutual due diligence and good faith negotiations to fully determine the details of the definitive agreements. With the non-binding LOI in place, we look forward to working with Hospital District No. 1 of Yuma County regarding the details of the hospital lease.
Nothing changes today, as we continue to focus on providing exceptional care and experience for all our patients throughout our health system. After definitive agreements are signed, and pending further Board approvals and standard regulatory review along and the satisfaction of customary closing conditions, the partnership is expected to be finalized by the end of the year.
We are committed to keeping our employees, providers, patients and community informed as we move forward. To learn more about our proposed partnership, please check this website regularly for updates and additional FAQs.