MaineHealth Board Approves Memorial Hospital Membership
North Conway Hospital Has Long-standing Relationship with Maine Medical Center
PORTLAND, Maine – April 8, 2013 -- The MaineHealth Board of Trustees approved a membership agreement with Memorial Hospital at its meeting last week. Memorial Hospital, based in North Conway, New Hampshire, will be the first hospital outside the state of Maine to join the MaineHealth system.
“We are pleased to have Memorial Hospital one step closer to joining our family of high-quality providers,” said MaineHealth President Bill Caron. “Our system already has a strong relationship with Memorial through our member organization Maine Medical Center. Approximately 90% of Memorial's inpatient referrals and the vast majority of its outpatient ambulatory referrals go to Maine Medical Center.”
Memorial approached MaineHealth about joining the system and the two organizations have been in discussions for approximately 18 months. The hospital’s leadership was looking for a strategic partner that would position their financially strong organization for the future. Growing technology needs and significant anticipated changes in hospital payment systems present considerable financial challenges for small community hospitals. Increasingly, these environmental impacts lead them to look to join healthcare systems with similar values and a mission that helps to maximize the delivery of care to patients, realize efficiencies and cost savings.
“We’ve achieved a positive operating margin over the last few years,” said Scott McKinnon, Memorial’s president and CEO. “However, we feel strongly that Memorial can’t continue to go it alone. That’s why Memorial’s Board of Trustees has selected a strong partner that we believe is the best fit for Memorial strategically, and one that shares our values.”
Memorial Hospital will hold a community hearing on April 11 to outline the membership agreement, answer the public’s questions and receive comments. Following the hearing, Memorial’s Board will forward the final agreement for review and approval by the New Hampshire Attorney General’s Office, Charitable Trusts Unit.
MaineHealth is a not-for-profit family of leading high-quality providers and other healthcare organizations working together so their communities are the healthiest in America. Ranked among the nation's top 100 integrated healthcare delivery networks, MaineHealth member organizations include Maine Medical Center, Goodall Hospital, LincolnHealth, Maine Mental Health Partners, Pen Bay Healthcare, Southern Maine Medical Center, Waldo County Healthcare, Western Maine Health, HomeHealth Visiting Nurses, Maine Physician Hospital Organization, NorDx and Synernet. Affiliates of MaineHealth include MaineGeneral Medical Center, Mid Coast Hospital, St. Mary's Regional Medical Center and New England Rehabilitation Hospital of Portland.
About Memorial Hospital
Memorial Hospital is the community hospital of the Mt. Washington Valley. Located in North Conway, N.H., the 25-bed Critical Access Hospital includes three multi-specialty physician practices and a 45-bed nursing home. Opened in 1911, the hospital serves residents from Carroll County and western Maine, as well as tourists and seasonal visitors, with a full range of acute care, outpatient services, emergency and walk-in care, and specialty clinics.
Senior Vice President, Planning & Marketing