QHR and Valley Health Amicably Part Ways
Representatives from Quorum Health Resources (QHR) and Valley Health System (VHS) announced today they have mutually decided to terminate their contractual relationship. Effective as of June 1, 2009, QHR will no longer provide management services to VHS, but will be retained to provide ongoing group purchasing and supply chain management services.
Brentwood, Tenn. and Hemet, Calif. (PRWEB) June 5, 2009 -- Representatives from Quorum Health Resources (QHR) and Valley Health System (VHS) announced today they have mutually decided to terminate their contractual relationship. Effective as of June 1, 2009, QHR will no longer provide management services to VHS, but will be retained to provide ongoing group purchasing and supply chain management services.
As part of the new agreement, VHS Chief Executive Officer Fred M. Harder and Chief Financial Officer John Renner - both previously employed by Quorum - will become employees of VHS reporting directly to the VHS board.
"This is a highly unusual arrangement for us, but we respect the board and share their goal that the facilities continue to succeed," said QHR Vice President Kenneth Venuto, who heads the company's "turnaround" unit, known as Intensive Resource Group. "In 19 short months, our management team made significant, foundational improvement at Valley Health that positioned the system not only for survival, but for continued growth and long-term relevance."
"We're confident we could continue to bring value to VHS, but we are sensitive to the desires of the board and to the unique considerations presented by the hospitals' reorganization process. We wish the board the best and look forward to continuing to serve the hospital's management team," added Venuto.
QHR was retained by VHS in October 2007. In the months following, QHR enhanced the system's cash position, renegotiated several managed care contracts, provided comprehensive group buying power, and supplied consulting expertise in many areas of clinical, operational, and financial performance.
"QHR provided us with structure and resources at a time when we honestly did not know if we could keep the doors open," said Valley Health System Board Vice-Chair Amelia Hippert. "Like all hospitals and all businesses, we will continue to face challenges. But we're now prepared to address those challenges and to reach future success."
Valley Health System is a California local health care district comprised of two acute care hospitals, Hemet Valley Medical Center and Menifee Valley Medical Center, and a chemical dependency program, Hemet Valley Recovery Center & Sage Retreat. For more information, visit www.ValleyHealthSystem.com.
QHR (Quorum Health Resources) has provided consulting, management and education resources to hospitals and health systems for three decades. QHR is the national market leader in hospital management and among the 15 largest healthcare management consulting firms in the United States. The QHR Learning Institute trains more than 8,000 healthcare professionals each year. For more information, go to http://www.qhr.com.
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