UCH & PVHS Deal is Official: Who’s CEO?
The long-negotiated partnership between University of Colorado Hospital and Poudre Valley Health System appears to be complete, and PVHS CEO Rulon Stacey will lead the new system as its CEO. Read more about Stacey here.
Called University of Colorado Health, the new system began announcing its new logo and website via social media on Tuesday.
The University of Colorado Health may ultimately operate Memorial, if negotiations with the city of Colorado Springs are successful and voters ultimately approve the deal.
University of Colorado Hospital and Poudre Valley submitted a joint bid to operate Memorial through a Request for Proposals process late last year. Even though University of Colorado Health was not yet official at that time, the two organizations stated in the proposal that their intent was for the new system to eventually operate Memorial.
The organizations committed to a new branch medical school campus, financial contributions to the city, and substantial investments in Memorial’s future. The plan was unanimously supported by the City Council and has been called “amazing” by Mayor Steve Bach.
Bruce Schroffel, CEO of University of Colorado Hospital, will be president and chairman of the board of the new organization. You can find his bio here.
In addition to Stacey and Schroffel, the 11-member board includes a number of established business and community leaders with expertise in a variety of fields. Among them is Richard Monfort, owner of the Colorado Rockies. You can read bios on all of the board members here.
To “like” the new organization’s Facebook page, click here.
You can check out the new website at http://universityofcoloradohealth.org.
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We are unable to click on the above (click here) as we are blocked on the webiste.
Hi, Pat. Are you having trouble with the Facebook link, or one of the others? If FB, FB is currently blocked for employees, so my apologies. It should work from home. FYI, we are undergoing a process to change our blocking policy. Stay tuned.
No, not the facebook link. The links to get into read more about Stacey, Schroffel, and board members.
Hmmm. I will check with IS and see about getting them unblocked soon. Thanks for pointing this out.
You’re welcome. Thanks for all your updates.
No problem. Once I hear from IS, I will let everyone here know. Thanks.
MHS employees: Our IS rock star, Jacque, dropped what she was doing and has unblocked the websites now. Things should work fine, but let us know, if not.
So, I’m in need of clarification… First: The $ that the city gets from this “purchase” must only go to healthcare, right? And secondly, I thought this was a very long “lease” not a “purchase”, so if it is a lease than why do we not have Memorial representation on the new board?(where local decision making is suppose to happen). Lastly, why were these particular people chosen for this new board? Who elected them, was it apply within position, and why have a restaurant owner such as Richard Monfort? (By the way, We’ve eaten at Hilltop Steakhouse Saugus/Malden/Everette MA-not Boston, it’s very good:) )
Hi, Me. These are all very good questions. We’ll just go through them one-by-one.
1. On the money, the AG must ultimately review this transaction, but the restriction of funds through the Colorado Transfer Act applies to for-profit systems. Since this is a nonprofit, I do not believe those same restrictions apply. That said, both the mayor and Council have shown interest in using the money for health-related purposes.
2. On representation, this is a very long lease, but in practice is more comparable to a sale. UCH is paying for the right to operate us, which is very different than a partnership where we all come together on our own terms.
3. I’m not sure how the UCH board was chosen; that would be a question for them. Usually, boards are composed of people with a variety of expertise, so it should not be surprising to find successful business people, even if their businesses are not in health care. I hope this helps. Thanks.