Trinity Health has announced that the organization is exploring strategic integration/partnership options for the future. This is the first step in a proactive evaluation process—no final decision has been made.
The Trinity Health Board of Directors and the leadership team are committed to keeping Trinity Health strong and positioned strategically for the future. In order to accomplish that goal, the organization must be visionary now for the mission to be successful in serving the generations to come.
After in-depth evaluation, the Board has directed the Trinity Health leadership team to explore a “strategic integration” strategy including partnerships with larger national or regional health system(s).
“The exploration of a strategic integration strategy is about Trinity Health being proactive and visionary. Healthcare is constantly evolving, and the Board wants to ensure Trinity Health can strengthen our services, enhance our resources and position ourselves to continue providing high-quality care for years to come. This exploration process is part of planning for the future,” said Pat Holien, Chairman of the Trinity Health Board of Directors.
Why Trinity Health is Exploring Strategic Integration Options:
Healthcare is changing rapidly. Costs to deliver care keep rising, while payments from programs like Medicare, Medicaid and commercial payors do not cover the cost of the care provided. These challenges are not unique to Trinity Health or North Dakota. Many standalone hospitals across the country have faced serious financial and operational challenges. Since 2020, rising care costs and declining reimbursements are forcing hospitals to make significant changes.
The challenges facing independent systems like Trinity Health are significant, and they are increasing. To protect its important mission, Trinity Health is taking action on exploring options proactively from a position of strength.
How the Exploration Process Will Work:
To guide Trinity Health through this complex process, the Board of Directors has engaged a leading national firm specializing in healthcare strategic advisory services. This firm will assist the Board and Trinity Health leadership in evaluating options. In addition, the Board has formed a special committee to lead the exploration work. The initial phase of this process will include gathering and evaluating information to understand what strategic options exist that could allow Trinity Health to advance in the future:
• Prepare for and keep local access to care for our patients.
• Invest in our facilities, technology, and people.
• Recruit and retain excellent physicians, nurses, and staff.
• Maintain a strong local voice in how our health system operates.
“We know that this strategic integration evaluation process will help us proactively prepare and determine future strategies to lead Trinity Health to a strong future. Our end goal is to continue to make more possible for our employees, our patients and the region that we serve,” said John M. Kutch, President & CEO of Trinity Health.
Proposals from potential strategic integration partners will then be reviewed and evaluated to determine if integration serves the best long-term interests of Trinity Health and the mission to serve the Minot community and the region.
