Reading Health System is joining forces with six other area health systems to form the nation's largest health care consortium.
The new alliance -- called AllSpire Health Partners -- will include RHS, Lehigh Valley Health Network, Atlantic Health System of Morristown, N.J., Hackensack University Health Network of Hackensack, N.J., Lancaster General Health of Lancaster, Meridian Health of Neptune, N.J., and WellSpan Health of York, Pa.
According to a release on the Reading Health System's website, the participating health systems will immediately share best clinical practices in individual areas in which they have been recognized in U.S. News & World Report.
Together, the seven health systems have a service area of more than 6 million people and combined revenue of $10.5 billion – making AllSpire Health Partners the largest health care consortium in the country.
AllSpire Health Partners is an alliance of seven hospital systems, comprising 25 hospitals, in New Jersey and Pennsylvania.
Its members encompass systems containing nationally ranked hospitals that are within the top 10 in their state and more than 20 specialties ranked in the Top 50 in the nation, according to U.S. News and World Report.
"Even the strongest health systems recognize that creating a sustainable delivery model is going to require significant change," said Victor H. Hammel, chairman of the board of directors of Reading Health System. "A collaborative relationship allows us to create both scale and efficiency, without the debt and integration challenges that come with expansion or acquisition."
The new consortium will carry out joint activities in traditional areas of patient care services, research and education to enhance the value of health care that communities receive.
In addition, the consortium will address economies of scale, shared best practices to improve health outcomes and identify opportunities in the new era of health care delivery. The alliance will develop and participate in shared services in order to reduce costs.