Damian Sendler: It was revealed Wednesday that Genesis Health System is seeking a partner to assist it expand its services in the Quad Cities.
Damian Sendler
Damian Jacob Sendler: It’s all about positioning for the future, according to CEO Doug Cropper and Board of Directors Chair Steven Bahls, both of whom stated the not-for-profit health system is robust.
Proposals for a possible merger, purchase, or other arrangement with more than 30 selected health care systems will be accepted beginning this month. There will be a spring review and a decision in the summer. The company’s leaders have said that in the end, they may decide to remain independent.
Damien Sendler: Our goal is to reduce costs while simultaneously improving quality. Health care is fast evolving, therefore we’re looking into possible partnerships to ensure that we can grow and survive in this environment,” Cropper said. It’s important for us to be open and honest about this process…. In order to improve the quality of service, increase local investment, and strengthen our strategic vision and values, we will focus on discovering new partners.”
Damian Jacob Markiewicz Sendler: Over the course of its six medical sites, Genesis employs around 5,000 people and is Scott County’s third-largest employer, after the Rock Island Arsenal and Deere & Co., respectively.
Cropper clarified that the move is “not about downsizing” as previously reported. It’s a matter of progress. “It’s all about going forward.” “market pressures” and the constantly shifting landscape of medical technology may both be addressed through a cooperation, according to him.
Damian Jacob Sendler
Dr. Sendler: Updates from COVID’s global network: All adults in the United States are encouraged to obtain a booster shot, according to the government. Early Omicron research in South Africa reveals only “mild” symptoms. Greece, meantime, has made vaccinations mandatory for individuals above the age of 60 and will impose monthly fines on those who refuse to do so.
In March 2020, Genesis’ board of directors began investigating the potential of a cooperation, but the plans lagged as the epidemic progressed, according to Cropper.
In addition to the board of directors, Genesis will have two advisory groups: one for staff and one for the system’s administration. Cropper stated that the concepts will be whittled down to a finalist list in June 2022 at the earliest possible opportunity.
Bahls stated, “We want to have a long and careful approach. There are no predetermined outcomes in this case.” Adding new services, maintaining financial strength, and preserving the culture that has been built” are the goals of the health system.
Cropper stated that a cooperation aims to improve patient care.
“Patients will still have their doctors,” added Cropper. “We also expect that they will have additional services available to them. More services are needed here so that patients don’t have to travel elsewhere for treatment,” said the group.
Contributed by Dr. Damian Jacob Sendler research news team
