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Guidelines for evaluating potential joint ventures.

W A Himmelsbach

    Health Progress (Saint Louis, Mo.)
    |March 11, 1987
    PubMed
    Summary
    This summary is machine-generated.

    Holy Cross Health System (HCHS) utilizes a 16-point policy to govern its 25 joint ventures, ensuring alignment with religious directives. This policy guides the formation of partnerships, prioritizing community healthcare needs and ethical considerations.

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    Area of Science:

    • Healthcare Administration
    • Business Ethics in Healthcare
    • Non-profit Management

    Background:

    • Holy Cross Health System (HCHS) engages in 25 joint ventures, with 9 involving for-profit entities and 18 with medical staff.
    • The need for a structured policy arises from the necessity to align these diverse business arrangements with the sponsoring religious institute's ethical and operational requirements.

    Purpose of the Study:

    • To outline the comprehensive 16-point policy employed by HCHS for the development and management of joint ventures.
    • To ensure joint ventures adhere to religious directives, community healthcare needs, and sound business practices.

    Main Methods:

    • Development and implementation of a 16-point policy guiding joint venture formation.
    • Policy mandates include: specific community health purpose, non-discrimination, adherence to Church teachings, arm's length transactions, non-profit status pursuit, defined service areas, dispute resolution clauses, appropriate partnership structures, approved consultants, and reserved powers for ecclesiastical entities.

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    Main Results:

    • The policy provides a framework for HCHS to manage complex joint ventures, balancing healthcare provision with religious and ethical obligations.
    • Key provisions ensure financial prudence, legal compliance, and mission alignment across all partnerships.

    Conclusions:

    • HCHS's 16-point policy serves as a robust model for religious healthcare systems navigating joint ventures.
    • The policy effectively integrates ethical considerations, community service, and business strategy in healthcare partnerships.