Economic Vitality Committee Agenda and Packet 2023 08 18

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CommonSpirit said it has officially taken over operations of the 20 hospitals it owns across Colorado, Kansas and Utah, absorbing Centura Health into the Chicago -based system. Fifteen of those hospitals are located in Colorado. CommonSpirit also said in a news release that Centura CEO Peter Banko is president of CommonSpirit's Colorado, Kansas and Utah Division, suggesting he will remain the market lead in this area. Spenst told the Denver Business Journal he is confident that AdventHealth can independently maintain a presence in Colorado with its own management system and without the Centura. brand. "Twenty-seven years ago, when Centura was put into place, AdventHealth and the precursor to CommonSpirit looked dramatically different;" Spenst said. "Health care looked dramatically different. I would say that over those 27 years, AdventHealth has grown, has capabilities, systems and processes in place that they deliver great, quality care across many states across the U.S." Most recently, Spenst was working as the senior finance officer and chief information officer at Adventist Health in California and as CEO of AdventHealth Orlando, but had previously served as president and CEO of Littleton Adventist Hospital. AdventHealth will also rename its hospitals in Louisville, Castle Rock, Littleton, Parker, and Denver. Their new names — AdventHealth Avista, AdventHealth Castle Rock, AdventHealth Littleton, AdventHealth Parker and AdventHealth Porter — are already being reflected in signage and online, Spenst said. Since the split was announced, Spenst said hundreds of people have been working to transition the AdventHealth hospitals out of Centura's management. In all, he said AdventHealth had to establish about 40 new departments to manage the Rocky Mountain region in business areas such as revenue cycle, patient registration and staffing. Still, he estimated it will take until January for all operations to fully transition to AdventHealth, particularly the more complicated clinical information systems. "It is a large effort, and there has been huge support from AdventHealth out of Orlando;" Spenst said. "Key to having everything come together is really good project management and change management:' Many of the new departments work remotely, but Spenst said that AdventHealth is leasing a central office space for now. Other departments will work directly from their respective hospitals. He said AdventHealth has been helping with the cost of building up departments and also with a digital and television ad campaign that notified consumers of the hospital name changes. Centura in May scored one of the state's most visible community branding efforts through a io-year deal with the Denver Broncos. The partnership includes naming rights to the Broncos' training facility, now named the Centura. Health Training Center. Although Centura has already begun a year -long effort to transition its logo, brand and name to CommonSpirit, Centura will continue to be visible on Broncos platforms for the 2023-24 season, said Lindsay Radford, a Centura spokesperson, in an email. At the end of the season, she said the health system will work with the Broncos to transition to CommonSpirit and will keep the io- year agreement in place. Spent did not share much more about what drove the split between AdventHealth and CommonSpirit, saying only that the two evolved their processes and grew into a complicated joint structure. While both are faith -based, not -for -profit systems, AdventHealth's mission stems from the Seventh -day Adventist Church, while CommonSpirit is rooted in Catholicism. "The conclusion was, the management company had reached its maturity, and the best place for both of the organizations was to directly manage their mission and expansion of their mission;" Spenst said. 0©00000 2023 Denver -area hospitals by patient admissions 2022 patient admissions Agenda Packet P. 18