So what’s next?
- Virginia Department of Health Commissioner Dr. Marrisa Levine will make a decision on the merger by Sept. 30.
- Both health systems are still in the process of sharing information and answering questions posed by Virginia Department of Health officials.
- Seventeen functional teams, made up of Mountain States and Wellmont representatives, are preparing both health systems for integration, which is expected to occur in early 2018.
- Ballad Health brand and logo will not begin appearing until official launch, also expected in early 2018.
- Mountain States CEO/President Alan Levine will become Ballad Health's executive chair and president. Wellmont CEO Bart Hove will become Ballad Health's chief executive officer. Both men will serve as voting members on Ballad Health's 11 member board of directors. ETSU President Brian Noland will serve on that board, while Mountain States and Wellmont will each nominate four people to serve.
- Ballad Health is expected to invest about $450 million over 10 years to improve community health, enhance research efforts and expand addiction services among other efforts.
- A COPA officer will monitor the merger to ensure all commitments are followed. A COPA complaint line will also be created for people to make anonymous complaints. Quarterly and annual reports will be submitted to the Department of Health for review, as well as annual public hearings.
- Pricing growth at Ballad Health will be 30 percent below what all other hospitals experience, Levine said.