BRENTWOOD, Tennessee—October 16, 2015 — HealthTrust℠ today announced that Catholic Health Initiatives (CHI), the nation’s second largest faith-based health system, signed a renewal agreement that extends their longstanding relationship an additional five years. The signing follows a comprehensive evaluation of industry capabilities, resulting in CHI’s decision to continue a partnership that began in 2007.
“We are incredibly proud to be partnered with a market leader,” says HealthTrust President and CEO Ed Jones. “CHI brings significant scale to our committed collective, and we are eager to strengthen our collaboration to enhance value for a fast-growing system.”
Dean Swindle, CHI’s president for enterprise business lines and chief financial officer, adds, “As we move to a value-based care and delivery model in healthcare, it’s essential to focus on the types of strategic relationships we have with partners like HealthTrust. This relationship has brought significant value to CHI and its mission to create and sustain healthy communities.”About HealthTrust
HealthTrust (Healthtrust Purchasing Group, L.P. as its full legal name) is committed to strengthening provider performance and clinical excellence through an aligned membership model and the delivery of total cost management solutions, including supply chain solutions and a contract and service portfolio unparalleled in quality, scope and value. HealthTrust (www.healthtrustpg.com) serves 1,350 acute care facilities and members in 22,300 other locations, including ambulatory surgery centers, physician practices, long-term care and alternate care sites. Headquartered in Brentwood, Tennessee, HealthTrust is closely integrated with the proven capabilities of Parallon Business Solutions, LLC (www.parallon.com), a leading provider of healthcare business and operational services, including revenue cycle management, workforce and technology solutions. On Twitter @healthtrustpg and @parallonconnect.About CHI
Catholic Health Initiatives, a nonprofit, faith-based health system formed in 1996 through the consolidation of four Catholic health systems, expresses its mission each day by creating and nurturing healthy communities in the hundreds of sites across the nation where it provides care. The nation’s second-largest nonprofit health system, Englewood, Colorado-based CHI operates in 19 states and comprises 102 hospitals, including four academic health centers and major teaching hospitals as well as 30 critical access facilities; community health services organizations; accredited nursing colleges; home health agencies; living communities; and other facilities and services that span the inpatient and outpatient continuum of care. In fiscal year 2015, CHI provided almost $970 million in charity care and community benefit―an 8 percent increase over the previous year―for programs and services for the poor, free clinics, education and research. Charity care and community benefit totaled more than $1.6 billion with the inclusion of the unpaid costs of Medicare. The health system, which generated operating revenues of $15.2 billion in fiscal year 2015, has total assets of approximately $23 billion. Learn more at www.catholichealthinitiatives.org