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Thursday, June 7, 2018

CBJ News

From my "Corridor Business Journal" email that I received today at 8:03 AM:

UIHC needs millions to dissolve health alliance


University of Iowa Health Care needs to spend $9.5 million to fully dissolve the UI Health Alliance, a network of four regional providers the university said it would leave earlier this year, the Gazette reports. UIHC on Wednesday told the state's Board of Regents it needs $7.5 million "to meet cash flow requirements to facilitate discontinuance," and another $2 million to cover "residual cash flows of UI Community Connect projects," which worked to bring IT infrastructure to health care providers. UIHC is seeking to transfer that money to a separate nonprofit, UI Health System, which manages the alliance - a move that has some precedent. The regents last approved a $30 million transfer in 2014 to help the alliance develop a "clinically integrated network capable of pooling their collective abilities and knowledge."

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