Update on YNHHS/Tenet relationship
Yale New Haven Health System has reached a partnership agreement with Tenet Healthcare that will support the system's goal of providing accessible, patient-centered care in association with local community hospitals throughout the region.
The agreement will preserve and ultimately expand access to care for patients, without fundamentally changing YNHHS or its role as a regional not-for-profit health system.
Tenet will bring the capital necessary to financially stabilize certain community hospitals that have been seeking a corporate parent, address their existing liabilities and invest in their programs and infrastructure in a way that Yale New Haven Health System cannot. YNHHS will be involved in supporting access to and the delivery of certain clinical services that have been a hallmark of our organization in key communities in the region.
In addition, YNHHS will work with Tenet and other hospitals and providers to manage the various types of insurance products that are being developed where providers share risk for the care provided. Tenet has significant expertise in this area that will benefit YNHHS as it becomes a more active participant in a changing healthcare insurance marketplace.
Moving forward, YNHHS will work with the governor's office and the legislature to support Tenet's acquisition of regional hospitals. YNHHS leaders will also work with leaders at Tenet and senior leaders at hospitals in Waterbury, Bristol, Manchester and Rockville to ensure a smooth acquisition process.
Yale-New Haven Hospital is a nationally recognized, 1,541-bed, not-for-profit hospital serving as the primary teaching hospital for the Yale School of Medicine. Yale-New Haven was founded as the fourth voluntary hospital in the U.S. in 1826. Today, the hospital's two New Haven-based inpatient campuses include Yale-New Haven Children's Hospital, Yale-New Haven Psychiatric Hospital and Smilow Cancer Hospital. YNHH has a combined medical staff of about 4,500 university and community physicians practicing in more than 100 specialties. YNHH's York Street campus and associated ambulatory sites are Magnet-designated by the American Nurses Credentialing Center.