{"id":5954,"date":"2019-03-04T08:45:54","date_gmt":"2019-03-04T14:45:54","guid":{"rendered":"https:\/\/aboutsmh.org\/\/?page_id=5954"},"modified":"2019-03-04T10:12:58","modified_gmt":"2019-03-04T16:12:58","slug":"consolidation-faqs","status":"publish","type":"page","link":"https:\/\/aboutsmh.org\/consolidation-faqs\/","title":{"rendered":"Consolidation FAQs"},"content":{"rendered":"<p>Have some questions about the recent announcement of SMH and IVCH joining together to form a regional health network? Here are some common FAQs.<\/p>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-what-has-been-announced\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>What has been announced? <\/a><\/h3>\n<div id=\"toggle-what-has-been-announced\" class=\"toggle-content\">\n<ul>\n<li>St. Margaret\u2019s Health, a member of SMP Health System and IVCH have signed a Letter of Intent to join together to form a regional health network.<\/li>\n<li>This is a non-binding step that will allow the two hospitals to develop an affiliation structure to strengthen healthcare services across the Illinois Valley.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-why-is-this-happening-now\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>Why is this happening now? <\/a><\/h3>\n<div id=\"toggle-why-is-this-happening-now\" class=\"toggle-content\">\n<ul>\n<li>As you know, today\u2019s healthcare environment and the delivery of care have evolved significantly in recent years. Stand-alone hospitals need to think strategically and be fiscally responsible to survive.<\/li>\n<li>Thanks to advances in healthcare, we are able to care for more people on an outpatient basis. People who do need to spend the night in the hospital generally have shorter stays than in years past. This shift places added pressures on small community hospitals, like St. Margaret\u2019s and IVCH.<\/li>\n<li>Additional expertise, resources and partnerships are also necessary to implement new population health initiatives that address the health needs of entire communities.<\/li>\n<li>St. Margaret\u2019s was approached by IVCH to consider an affiliation. We felt that this would be an opportunity to develop a regional health network, providing care in the Catholic tradition.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-what-are-the-goals-of-this-affiliation\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>What are the goals of this affiliation?<\/a><\/h3>\n<div id=\"toggle-what-are-the-goals-of-this-affiliation\" class=\"toggle-content\">\n<ul>\n<li>By combining our operations, we will be able to provide more high-quality, efficient and locally coordinated care for our patients.<\/li>\n<li>St. Margaret\u2019s Health and IVCH have served this region for more than 100 years. We recognized that coming together is in the best interest of our patients, given the dramatic changes in the healthcare delivery system.<\/li>\n<li>The residents of our communities have also long encouraged our hospitals to work more closely together.<\/li>\n<li>Our hospitals already successfully collaborate on joint initiatives, such as Valley Regional Health Services and Valley Regional Cancer Center.<\/li>\n<li>The two hospitals support a shared vision for efficiently delivering high-quality healthcare in the region.<\/li>\n<li>Together, we intend to create a sustainable regional health network that will be able to meet the needs of our communities, today and long into the future.<\/li>\n<li>SMP Health System and St. Margaret\u2019s Board of Directors set forth very clear objectives for an affiliation, including:\n<ul>\n<li>Create a single healthcare delivery system for our service area, in the Catholic tradition<\/li>\n<li>Improve quality care while keeping patients close to home<\/li>\n<li>Stabilize financial performance to ensure long-term sustainability<\/li>\n<li>Recruit and retain physicians and other professionals in a strategic way<\/li>\n<li>Protect employees, to the degree possible<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>This potential affiliation best meets these objectives and the needs of our communities.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-what-happens-next\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>What happens next? <\/a><\/h3>\n<div id=\"toggle-what-happens-next\" class=\"toggle-content\">\n<ul>\n<li>This is just the beginning of the process, so no changes will happen immediately.<\/li>\n<li>Over the coming months, the leaders of SMP Health System and St. Margaret\u2019s will be having in-depth conversations with IVCH, conducting due diligence and exploring opportunities for collaboration.<\/li>\n<li>The best interests of our patients, medical staff, employees and our communities will be driving our decisions throughout this process.<\/li>\n<li>Following receipt of approval from Church and regulatory authorities, the goal of the two organizations is to sign a binding Definitive Agreement in the months ahead.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-what-will-this-mean-for-patients\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>What will this mean for patients? <\/a><\/h3>\n<div id=\"toggle-what-will-this-mean-for-patients\" class=\"toggle-content\">\n<ul>\n<li>St. Margaret\u2019s Health and IVCH will work collaboratively to offer comprehensive, high-quality services so our patients can receive the care they need close to home. We can do this more effectively working together than apart.<\/li>\n<li>We hope to make this process as smooth as possible for our patients, staff and communities.<\/li>\n<li>Our patients will be able to expect superior healthcare delivered in the same compassionate manner.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-what-services-will-the-health-network-provide\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>What services will the health network provide? <\/a><\/h3>\n<div id=\"toggle-what-services-will-the-health-network-provide\" class=\"toggle-content\">\n<ul>\n<li>The new regional health network will look to grow and enhance the healthcare services available in our community.<\/li>\n<\/ul>\n<ul>\n<li>What services will be expanded and where they will be located are important questions we will be addressing during this process.<\/li>\n<\/ul>\n<ul>\n<li>We intend to continue operating both hospital campuses for now, until we are able to bring our operations together. We hope that one day we will be able to build a new hospital for the region.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-when-will-a-new-hospital-be-built\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>When will a new hospital be built? <\/a><\/h3>\n<div id=\"toggle-when-will-a-new-hospital-be-built\" class=\"toggle-content\">\n<ul>\n<li>This announcement marks the beginning of what will be a robust period of due diligence. It is too early to know specific details about facilities, service lines or capital investments.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-will-there-be-layoffs\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>Will there be layoffs? <\/a><\/h3>\n<div id=\"toggle-will-there-be-layoffs\" class=\"toggle-content\">\n<ul>\n<li>There are no immediate plans for staff reductions.<\/li>\n<li>Staff retention is a priority for our organizations. However, after affiliation, we could possibly find areas of duplication that may require reorganization or reduction.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-what-will-happen-to-the-medical-staff\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>What will happen to the Medical Staff? <\/a><\/h3>\n<div id=\"toggle-what-will-happen-to-the-medical-staff\" class=\"toggle-content\">\n<ul>\n<li>We intend to foster collaboration between the medical staffs of our organizations, with details to be fleshed out during the affiliation process.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-will-staff-salaries-and-benefits-change\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>Will staff salaries and benefits change? <\/a><\/h3>\n<div id=\"toggle-will-staff-salaries-and-benefits-change\" class=\"toggle-content\">\n<ul>\n<li>Staff salaries and benefits will be consistent with the SMP Health System structure.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-how-will-governance-work\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>How will governance work? <\/a><\/h3>\n<div id=\"toggle-how-will-governance-work\" class=\"toggle-content\">\n<ul>\n<li>The new regional health network will be governed by a Board of Directors, to be initially comprised of representatives from SMP Health System\/St. Margaret\u2019s (60%) and IVCH (40%).<\/li>\n<li>Over the next five years, the Board will evolve so that representation is not based on predecessor hospital affiliation. SMP Health System will be the sole parent of the regional entity.\u00a0 The regional entity will be the sole parent of both St. Margaret\u2019s Health and IVCH.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-will-ivch-follow-the-ethical-and-religious-directives-for-catholic-health-care-services-erds\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>Will IVCH follow the Ethical and Religious Directives for Catholic Health Care Services (ERDs)? <\/a><\/h3>\n<div id=\"toggle-will-ivch-follow-the-ethical-and-religious-directives-for-catholic-health-care-services-erds\" class=\"toggle-content\">\n<ul>\n<li>As an affiliate of SMP Health System, IVCH will abide by the ERDs.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"wpcmsdev-toggle\">\n<h3 class=\"toggle-title\"><a href=\"#toggle-where-can-i-get-more-information\"><i class=\"fa fa-plus icon-for-inactive\"><\/i><i class=\"fa fa-minus icon-for-active\"><\/i>Where can I get more information? <\/a><\/h3>\n<div id=\"toggle-where-can-i-get-more-information\" class=\"toggle-content\">\n<ul>\n<li>SMP Health System\/St. Margaret\u2019s and IVCH are committed to sharing information throughout this process. Stay tuned for more information!<\/li>\n<li>We are excited about the opportunity an affiliation presents, to better serve our communities. We are grateful for your ongoing support.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Have some questions about the recent announcement of SMH and IVCH joining together to form a regional health network? Here are some common FAQs.<\/p>\n","protected":false},"author":4,"featured_media":5961,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_cbd_carousel_blocks":"[]"},"acf":[],"_links":{"self":[{"href":"https:\/\/aboutsmh.org\/wp-json\/wp\/v2\/pages\/5954"}],"collection":[{"href":"https:\/\/aboutsmh.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/aboutsmh.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/aboutsmh.org\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/aboutsmh.org\/wp-json\/wp\/v2\/comments?post=5954"}],"version-history":[{"count":0,"href":"https:\/\/aboutsmh.org\/wp-json\/wp\/v2\/pages\/5954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aboutsmh.org\/wp-json\/wp\/v2\/media\/5961"}],"wp:attachment":[{"href":"https:\/\/aboutsmh.org\/wp-json\/wp\/v2\/media?parent=5954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}