For Immediate Release
Contact: Kendle Dockham, IMH Marketing Manager
Telephone: 307 755-4602
Address: 255 North 30th Street
Ivinson Memorial Hospital Explores Options to Change its Operating Structure
Laramie, WY. (January 25, 2017) —Ivinson Memorial Hospital Board of Trustees has voted to begin exploring options to change the hospital’s operating structure from a District Hospital to a 501(c)(3) non-profit hospital. All Trustees agreed that because IMH is in a position of strength, now is the time to consider options that are in the best interest of the community, physicians, and hospital employees.
The proposal will involve a process that is expected to take several months. The impetus to consider alternative options began as the result of an assessment conducted in 2015 by the American Hospital Association (specifically the AHA Center for Healthcare Governance), many working sessions, and the advice of consulting firms who completed comparison studies of similar sized hospitals in the region. The IMH Board of Trustees took the next step and created a governance committee which included members of the community. After much research and consideration over the past year, the IMH Governance Committee recommended that the Board of Trustees begin to pursue an alternative governance structure.
Future challenges posed by the rapidly changing healthcare environment prompted this proposed change so that Ivinson better positions itself to handle the evolving demands facing rural hospitals. IMH Board of Trustees president Guy Warpness stated, “There are many challenges ahead for rural hospitals, in particular, the move away from fee-for-service to value-based reimbursements, as well as expected funding cuts from Medicaid and Medicare. To be able to weather the future changes in health care, Ivinson will need to be more nimble in order to respond to the new market realities while continuing to improve the quality of care IMH provides.”
Over the next few months the Board will further evaluate the structure and seek approval of the County Commissioners, as required by Wyoming State law. Employee forums, meetings with local physicians, community feedback sessions, and a public link found at www.ivinsonhospital.org has been established to help answer questions and provide further information.
Ivinson Memorial Hospital is a 99-bed, non-profit community hospital dedicated to providing high quality healthcare services to the residents of Albany County since 1917. Services include emergency, behavioral health, cardiac rehabilitation, cardiopulmonary, rehabilitation, medical care, surgical care, intensive care, dialysis, extended and family care, as well as a Cancer Center and Diabetes Clinic. Ivinson Memorial Hospital is affiliated with the University of Colorado Health. IMH is fully accredited and meets all standards of the Joint Commission (an independent, not-for-profit organization). IMH is also accredited by the Centers for Medicare and Medicaid Services.