Improving Value and Performance Key in L+M Healthcare’s Decision to Join VHA Inc.
IRVING, Texas--(BUSINESS WIRE)--L+M Healthcare (L+M), a not-for-profit regional health system based in New London, Conn., has become a new member of VHA Inc., which recently combined with UHC to form the largest member-owned health care company in the country. L+M will be served locally by VHA New England and will also be a member of the Northeast Purchasing Coalition, a VHA SupplyNetwork owned by 19 VHA New England members, which serves more than 70 acute care facilities in six states.
L+M Healthcare primarily serves the shoreline communities from Westerly, R.I., to the Connecticut River as well as the community of Fishers Island, N.Y. The L+M Healthcare system includes the following entities: Lawrence + Memorial Hospital, Westerly Hospital, Lawrence + Memorial Medical Group and the Visiting Nurse Association of Southeastern Connecticut. In addition, L+M recently opened a new Cancer Center in partnership with Dana-Farber Community Cancer Care.
“We are excited to join VHA and look forward to evaluating our supply chain operations from a fresh perspective. VHA provides access to unique solutions that can improve operational efficiencies and clinical outcomes, as well as a collaborative network of our peers to speed other innovations that benefit the patients and communities we serve,” said Seth Van Essendelft, chief financial officer and vice president of Support Services, L+M Healthcare.
“We are pleased to welcome L+M to VHA, the New England region and the Northeast Purchasing Coalition,” said Paul Hess, senior vice president and executive officer, VHA New England. “VHA understands the challenges in today’s healthcare environment and the intense pressure to reduce costs and improve operational performance. By working together we believe we can not only reduce L+M’s supply chain costs, but also identify opportunities that will drive quality and efficiencies in other areas of their organization.”
About VHA Inc.
Effective April 1, 2015, VHA, the national health care network of not-for-profit hospitals, and UHC, the alliance of the nation’s leading academic medical centers, combined into a single organization. The combined organization includes Novation, the health care services company they already jointly own. The new entity is the largest member-owned health care company in the country and is dedicated to leading health care innovation, creating knowledge and fostering collaboration to help our members thrive. The company serves more than 5,200 health system members and affiliates as well as 118,000 non-acute health care customers. Members range from independent, community-based health care organizations to large, integrated systems and academic medical centers, and it represents more than $50 billion in annual purchasing volume. Headquarters are in Irving, Texas, with locations in Chicago and other cities across the United States. A new name for the combined organization will be announced in Jan. 2016.