Frequently Asked Questions (FAQs)
Bethesda Health – Baptist Health South Florida Agreement
1. What does this agreement mean for Bethesda?
- The Boards of Bethesda Health and Baptist Health South Florida have signed an agreement to merge with Baptist Health South Florida, headquartered in Coral Gables, pursuant to a 24-month transition period culminating on September 30, 2017.
- During this transition period, both organizations will collaborate to enhance effectiveness in their operations, and share best practices to address the ongoing evolution of the healthcare industry.
- The Board of Trustees of Bethesda Health has maintained from the beginning that Bethesda Health will remain a hospital system that is composed of two, not-for-profit, independent community hospitals: Bethesda Hospital East and Bethesda Hospital West.
2. What do you see in Bethesda's immediate future?
- The Board has stipulated that the name of Bethesda Hospital shall remain and the physical structures that are Bethesda Hospital East and Bethesda Hospital West will remain 100% intact.
- In addition, the management structure of the Executive Team and the Management Team of Bethesda Health will remain intact.
3. How will fundraising efforts be impacted by this affiliation?
- The Bethesda Hospital Foundation Board and leadership will remain with Kay Harvey as the Executive Director.
- All fundraising that is done for Bethesda stays at Bethesda -- to benefit our patients in this community.
4. Why Baptist Health South Florida?
- Baptist Health and Bethesda Health have similar missions and operating philosophies as not-for-profit hospital systems in serving their communities.
- Like Bethesda Health, Baptist Health has a strong reputation for being a comprehensive healthcare organization that provides high quality, compassionate care.
- Baptist Health is the largest healthcare organization in the region, with seven hospitals (Baptist Hospital, Baptist Children’s Hospital, Doctors Hospital, Homestead Hospital, Mariners Hospital, South Miami Hospital and West Kendall Baptist Hospital) and more than 30 outpatient and urgent care facilities spanning three counties. The not-for-profit Baptist Health has more than 15,000 employees and 2,200 affiliated physicians, and includes Baptist Medical Group, Baptist Outpatient Services and internationally renowned centers of excellence.
5. What are Baptist Health's strengths?
- Baptist Health is the largest healthcare organization in the region, with (7) hospitals (Baptist Hospital, Baptist Children’s Hospital, Doctors Hospital, Homestead Hospital, Mariners Hospital, South Miami Hospital and West Kendall Baptist Hospital) and more than 30 outpatient and urgent care facilities spanning Miami-Dade, Monroe and Broward counties.
- The not-for-profit Baptist Health has more than 15,000 employees and 2,200 affiliated physicians, and includes Baptist Health Medical Group, Baptist Outpatient Services and internationally renowned centers of excellence.
- Baptist Health was just listed by Fortune magazine as one of the 100 Best Companies to Work For in America. It was also recognized as one of the World’s Most Ethical Companies for the third year in a row by the Ethisphere Institute.
6. Will Bethesda discontinue any services as a result of this affiliation?
- The goal of this affiliation agreement is to grow and expand Bethesda Health’s services so that we may better serve our patients in Palm Beach County.
- Two areas in which we’d like to grow, for example, are in outpatient centers and urgent care facilities in our community.
7. Is Bethesda in financial trouble?
- Bethesda Health is a very financially sound organization, with a strong balance sheet and net patient revenues of $267 million for Fiscal Year 2015.
8. What impact do challenges in the Healthcare Industry have on Bethesda’s decision to affiliate with Baptist?
- Hospitals around the country are seeing unprecedented changes in the healthcare industry today.
- It is essential to forge partnerships that can ensure our organizations remain on the leading edge as providers of quality medical care.
- As not-for-profit hospitals, both Bethesda Health and Baptist Health South Florida share similar missions and a common vision for improving the health of our respective communities that can be significantly strengthened by this potential affiliation.
9. How will you keep the community informed about the hospitals' progress with this affiliation?
- Both Bethesda Health and Baptist Health South Florida are continuing to keep their constituents updated on our progress of this affiliation agreement over the next two years.
- Bethesda is meeting regularly with our Hospital Board, our Foundation Board, our Medical Staff and our employees to keep them informed of our progress.
10. What's next?
- Both Baptist Health and Bethesda Health have longstanding reputations in South Florida for being comprehensive healthcare organizations that provide high-quality, compassionate care to their respective communities. Both organizations will be actively collaborating over the next two years. Full affiliation is scheduled to occur on October 1, 2017, subject to compliance with contractual provisions and regulatory requirements.
- We are keeping our Medical Staff and employees informed through regular information sessions, as well as electronic communication.