Billings Clinic on Tuesday announced a partnership with Tennessee-based RegionalCare Hospital Partners to provide additional resources for health care organizations in the northern Rockies region to become affiliated with the newly formed entity – Billings Clinic RegionalCare LLC.
RegionalCare offers extensive management experience, along with physician recruitment strategies and access to capital at a time when many communities are in need of such assistance, said Dr. Nicholas Wolter, CEO of Billings Clinic.
The joint venture fits with a national trend of health systems such as Billings Clinic working with national health care companies like RegionalCare to combine their expertise and capital.
Billings Clinic has a longstanding commitment to partnering with local communities to enhance access to quality health care, Wolter said. The partnership is designed to build on this commitment.
“This creates an additional opportunity for other organizations and communities that have an interest in exploring a relationship with Billings Clinic,” Wolter said.
The new arrangement offers potential partners expanded clinical services; access to physician integration, support, and recruitment; clinical protocols; and quality improvement systems. Additionally, the new entity offers operational expertise and access to the capital needed for such growth strategies, including technology and facility expansion and renovation.
This new relationship does not affect the governance or ownership of Billings Clinic or any of its current affiliate relationships across Montana and northern Wyoming.