MUSC, SC hospitals collaborate to reduce costs - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

MUSC, SC hospitals collaborate to reduce costs

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CHARLESTON, S.C. (WCIV) – Five of South Carolina's largest health care providers have teamed up to help drive down care costs, including MUSCHealth in Charleston.

The other members of the collaboration are Greenville Health System, McLeod Health, Palmetto Health, and Self Regional Healthcare.

CEOs of the five partnering healthcare systems said they were interesting in finding a way to reduce the costs of care while still remaining independent, saying changes in the system from the Affordable Care Act have shifted a hospital's attention away from the fee-for-service model and to a more service-valued model.

"The future of health care is collaboration and by working together with these other great institutions, we can deliver lower health costs while maintaining our high quality standards. This unique collaborative will set a new standard of health care delivery not only in South Carolina, but it also serves as an innovative model for the nation", said Patrick Cawley, M.D., MUSCHealth Medical Center CEO and MUSC Vice President for Clinical Operations, and a founding member of Initiant.

The agreement allows the member hospitals to collectively buy equipment, supplies and services, share administrative and clerical work, and boost access to critical skills.

MUSC's Board of Trustees approved the collaboration during its April 11 board meeting.

Several other states have created similar networks, including Georgia, Missouri and Iowa. 

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