
Prisma Well being CEO on the system’s 1st out-of-state acquisition, development plans
Greenville, S.C.-based Prisma Well being marked a big milestone when it acquired its first out-of-state facility, Blount Memorial Hospital, a 304-bed facility in Maryville, Tenn., in early December.
“The geography was proper for us,” Mark O’Halla, CEO of Prisma Well being, instructed Becker’s. “Our objective is to develop right into a regional well being system throughout North Carolina, South Carolina, Georgia and Tennessee.”
Prisma includes greater than 320 follow websites, 18 acute and specialty hospitals, greater than 32,000 workers, and over 5,900 employed and impartial clinicians throughout its inVio Well being community, in response to its web site.
The nonprofit well being system shared plans to accumulate Blount Memorial in mid-July. When Mr. O’Halla stated when he first toured the hospital it already felt like he was strolling by a Prisma facility.
“Cultural match is basically vital while you’re trying to make an acquisition, as a result of it really works method higher when you’ve gotten that cultural synergy,” he stated.
To maintain care native, Prisma established a regional board in East Tennessee comprised of many former Blount Memorial board members. The board will assist Prisma hearken to the group to make sure its wants are met. The system additionally dedicated to investing round $364 million into the ability.
“The funding contains the debt we’re assuming, however the remainder of the funding goes to be targeted on rising the group,” Mr. O’Halla stated. “Whether or not it is doctor recruitment, increasing the variety of specialties and sub-specialties that will probably be accessible at Blount Memorial sooner or later, increasing main care, we will be taking a look at enhancing entry.”
Mr. O’Halla stated Prisma will implement Workforce, Epic and different IT platforms into the hospital. The know-how integration will play a key position within the hospital’s transition, with Prisma using its Pulse program, a coordinated IT-driven system of care that’s designated to enhance areas of affected person security, outcomes, operational effectivity, and crew engagement.
Since Pulse launched three years in the past, the system stated it has considerably diminished its mortality price and enhanced affected person care. The system beforehand had an general mortality price that was within the backside quartile nationally. Since implementing Pulse, Prisma ranks within the prime fifteenth percentile nationwide.
Trying towards the long run, Mr. O’Halla stated 2024 was the system’s most profitable 12 months to this point, with 10.7% income development, and he plans to construct on that progress by different development alternatives.
“We’re doing nicely, we’re rising and I can anticipate that to proceed for the foreseeable future,” he stated.