MHealth

UMN, UMP & Fairview Enhance M Health Agreement

|
Naomi McDonald, Director of Communications & Marketing
2 minutes

The University of Minnesota, University of Minnesota Physicians and Fairview Health Services announced an agreement to move forward with an effort to create a nationally-renowned health system that combines academic and community resources. A non-binding Letter of Intent, approved today by the University’s Board of Regents and by Fairview’s Board of Directors last week, outlines the broad terms that will be negotiated by all parties prior to final approval this fall. 

According to the Letter of Intent, final agreements will include:

  • Annual support – ranging from $35 million in the calendar year 2018 to $50 million by 2022 –  to the University’s Medical School, dedicated primarily to tenure-track faculty recruitment and fostering and expanding research in support of the next medical innovations and development of our future health workforce.
  • A single operating structure that includes academic physician leadership and fosters the engagement of the diverse physician and providers group that care for our communities.
  • University of Minnesota Physicians (UMP) will remain an independent organization that, following the University’s land-grant mission, will work with other partners and will maintain the University’s brand in the market. Fairview will also remain an independent organization and maintain business outside of the aligned clinical enterprise.
  • Continued capital investments to ensure the highest quality care settings – including an initial $111 million in work already underway at University of Minnesota Medical Center.

Negotiations on behalf of the University are being led by Dr. Jakub Tolar, dean of the Medical School, interim vice president for Health Sciences and University of Minnesota Physicians Board chair.

“The Letter of Intent is a significant step. The true value, of course, will be the actions and decision that follow. To realize our obligation to the State of Minnesota and to fulfill our land-grant mission, the Medical School needs a partner committed to the academic mission. Today, the Board of Regents approved a new shared vision and ambition for our partnership with Fairview Health Services,” said Tolar.

Read more.