EvergreenHealth, Overlake Medical Center announce joint venture

EvergreenHealth and Overlake Medical Center have formed Eastside Health Alliance, a joint venture to improve access, coordination of care and offer the greatest quality and value to residents of the Puget Sound’s Eastside.

The joint venture is structured around three defined initiatives:

• Collaboration in cardiac, neuroscience and thoracic surgery services to offer comprehensive care for the Eastside community.

• A Coordinated Quality Program (CQP) to share safety and quality data and best

practices.

• Formation of a single Eastside Clinically Integrated Network (CIN), known as the

Eastside Health Network, which combines Overlake Provider Network and Evergreen Health Partners to standardize quality improvement; patient care management for proper utilization of care; clinical protocol development; and work directly with business and payers to enhance value and lower the cost of care.

“Our organizations share the goal of providing the highest quality, best value, safest and most comprehensive care,” said Overlake President and CEO J. Michael Marsh. “Through this joint venture, we are able to better compete in the ever-changing health care marketplace and benefit from the sharing of best practices, operational efficiencies, enhanced care, and bolstering our organizations’ position as the Eastside’s preferred health care systems.”

The Eastside Health Network, in partnership with Eastside physicians, will participate in existing and new accountable care networks. Additionally, the organizations will share infrastructure expenses and gain population health expertise while also aligning independent and employed physicians across the Eastside for improved care coordination and quality.

“Providing our community with access to more highly coordinated subspecialty care will serve to improve the health and well-being of the entire Eastside,” said EvergreenHealth CEO Robert Malte. “EvergreenHealth and Overlake Medical Center have a history of working together, and in collaboration with independent providers through our clinically integrated networks. Our new joint venture will further this collaboration and help us simultaneously improve clinical outcomes for our patients and reduce the per capita cost of care for the benefit of patients, businesses and our region.”

The organizations will remain separate entities and the joint venture will have no impact on either organization’s governance, administration, or tax exempt status. The strategic alliance will be a 50/50 joint venture, structured as a limited liability company (LLC) around the three initiatives noted above. The joint venture will be governed by a new Board of Directors, with equal representation appointed by both boards.

More in Business

Facebook plans major research development in Redmond

Building X would have 678,000 square feet of space and nearly 1,400 parking spaces.

Redmond’s Salsa de Rosa stays local as it expands

The Redmond salsa business has been growing since it was founded in 1999.

Office space across the Eastside is in short supply. Aaron Kunkler/staff photo
Office space is still tight on the Eastside

That hasn’t stopped Google and Facebook from looking to expand.

Shelby, John and Michele Julum (left to right) are hoping to launch the Big Block Brewing’s second taproom in Redmond by the week of July 23. Aaron Kunkler/Staff photo
Big Block Brewing looking to open in Redmond soon

The Sammamish-based brewery is expanding into the old Hi-Fi Brewing location.

Margo’s Sweet Shop opens Aug. 11 in the Redmond Town Center

The store is owned by PinkaBella’s Margo Engburg and will offer a cookie dough bar.

Schleg commemorates crystal anniversary in real estate

Schleg marks 15 years making the dream of homeownership come true.

CitySurf pop-up pool could open this summer on Eastside

A Sammamish couple hopes to break ground on a permanent indoor surf facility later this year.

Two wineries move in with Teatro ZinZanni

Two local wineries will be sharing the old Redhook brewery in Woodinville with Teatro ZinZanni.

Big Block Brewery expanding to old HiFi Brewing location in Redmond

The Sammamish-based brewery is in the process of opening a second taproom and brewery in Redmond.

Sound Publishing appoints new president and vice president

Josh O’Connor is the new president and publisher while Terry Ward is the new vice president.

Seattle head tax worries Eastside business organizations

Seattle has passed a head tax to help fund homelessness services.

Office space is tight all across the Eastside

The Broderick Group released a report detailing low office vacancy rates across Eastside cities.