Lincoln Health System in Fayetteville, TN is entering an affiliation with Huntsville Hospital System intended to improve savings and services for residents.
According to Huntsville Hospital, the new entity will be governed by the same LHS local hospital Board of Trustees and senior leadership team in Lincoln County. It will remain locally owned and retain all revenue generated by LHS. They say the strategic affiliation is neither a purchase nor an acquisition, but allows LHS access to many services and expertise that would be difficult to source alone.
“Due to the increasing challenges facing healthcare, and even more specifically small rural hospitals and health systems, LHS has been looking to find a strategic partner for several years. We were in need of support and strength to face the hurdles ahead, and we are excited to have found this in a fellow non-profit health system so close to our own,” said Lincoln Health System CEO, Candie Starr.
Anthony Taylor, Chairman, LHS Board of Trustees, said, “The future of hospitals and healthcare is rapidly trending toward affiliations to achieve performance efficiencies and quality levels required for financial success. This partnership will allow us to provide more cost-effective quality care to the citizens of our community, improve patient outcomes, provide an opportunity to improve financial stability and assist the preservation LHS’s long-term viability as an independent county-owned community health system.”