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A growing number of hospitals and health systems are considering partnerships as they navigate industry headwinds. While facing similar concerns, the Watertown Regional Medical Center (WRMC) board knew the organization needed a partner to best serve the community going forward.   In 2014, the board conducted a competitive process to thoroughly assess strategic ownership alternatives, ultimately deciding to enter into a joint venture transaction with a larger company. This partnership allowed the organization to remain financially viable, improve quality initiatives, retain employees and services, build collaborative relationships with medical staff, and retain material local governance responsibility.   The unique structure also led to the creation of the Greater Watertown Community Health Foundation, which has served as a catalyst for transforming the health and well-being of the community.   If you are interested in exploring how an innovative partnership might transform your hospital and community, please don’t hesitate to contact Chris Benson, FACHE, CMPE at cbenson@juniperadvisory.com or 480.695.2311. Partnering to Improve Community Health beyond the Hospital – Good Governance Case Study Member Download>>>https://lnkd.in/gTzvu7P9 Interviewed: John Kosanovich, Emeritus CEO, Watertown Regional Medical Center Tina Crave, President and CEO, Greater Watertown Community Health Foundation If you are not a Governance Institute member, but would like a copy of this case study, please contact us at info@juniperadvisory.com. Juniper Advisory has partnered with The Governance Institute on this case study.   #CommunityHealth #HealthcarePartnerships #HealthcareLeadership #HealthcareInnovation #PatientCareExcellence #HealthFoundation #HealthCareCaseStudy

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