What it’s best to know:

– Akron-based Summa Well being and Basic Catalyst's Well being Assurance Transformation Company (HATCo) have introduced a deliberate acquisition that guarantees to reshape healthcare within the area.

– This strategic acquisition marks the start of a long-term journey to create a extra proactive, reasonably priced and equitable well being care system for the Larger Akron group.

A imaginative and prescient for a more healthy future

Summa Well being, a big, built-in healthcare system, and HATCo, a enterprise capital agency dedicated to remodeling healthcare, share a daring imaginative and prescient: shifting from a “sick care system” to a healthcare-focused mannequin. This implies proactively addressing the social determinants of well being, selling well-being and bending the price curve by means of innovation.

Uniting forces for a larger affect

HATCo's funding will allow Summa Well being to:

• Increase Entry to Inexpensive, High quality Care: Via elevated native funding, Summa Well being can attain underserved communities and supply expanded providers.
• Enhance the affected person and caregiver expertise: By leveraging expertise and revolutionary fashions, Summa Well being will enhance affected person outcomes and create a extra satisfying work setting for healthcare professionals.
• Strengthen medical training and coaching: The partnership will additional advance Summa Well being's dedication to educating future generations of healthcare suppliers.
• Promote well being fairness and public well being: A group basis shall be established to handle social determinants of well being and enhance the general well-being of the group.

A shift to value-based care

This partnership represents a dedication to the transition to a value-based care mannequin, the place healthcare suppliers are rewarded for maintaining sufferers wholesome, not simply treating them when they’re sick. This shift will drive preventive care, continual illness administration, and public well being initiatives.

“Our shared imaginative and prescient is to create a replicable healthcare mannequin that marks an actual and significant shift from a 'sick care system' to a resilient, proactive mannequin of healthcare insurance coverage,” mentioned Hemant Taneja, CEO of Basic Catalyst, and Founder and Chairman of HATCo. “By doing this, we’ll assist folks keep wholesome, bend the price curve by means of innovation and make high quality care extra reasonably priced and accessible. I couldn't be extra excited to companion and execute this imaginative and prescient with Summa Well being and HATCo. We try to enhance the well being and well-being of the larger Akron group, create a regular for the healthcare system of the longer term, and encourage communities throughout America to undertake this imaginative and prescient.”