Ballad Health is a new health care system specifically designed to meet the most critical health needs of communities in Northeastern Tennesse and Southwest Virginia. This new type of health organization is made possible through state oversight and was created with the support of our local business community, doctors, educators and countless others who have an interest in improving the health of our region. With the finish line in sight, Hove is eager to cross. “Now more than ever, I am convinced that this is the right thing to do for our community,” he said. “It`s different. It`s unusual. Nowhere else in the country has happened on this scale, but from what I understand, and from what I know where health care is going, it is certainly the right approach to be able to meet all the obligations mentioned in the documents of both countries. All Virginia hospitals must remain open for at least five years as clinical and medical facilities. Any alleged breach of COPA or cooperative CONVENTION requirements can be reported directly to the COPA Compliance Office by email (firstname.lastname@example.org) or anonymously via The Alertline (1-800-535-9057). Rich Panek, CEO of State of Franklin Healthcare Associates, sees no problem with this application system. According to him, the potential friction is the appetite of the new system to work with other actors, including groups of independent doctors. “With the Oversight and Compliance Committee, the structure is such that it is more than sufficiently monitored,” Panek said. “Success will depend on the system`s ability and desire to involve all stakeholders in the community.” The natural beauty of the Appalachian Mountains is part of what makes it such a great place to call home. But rural hospitals across the country are struggling to stay open in today`s health environment, and ours are no exception.
Much of the Virginia Cooperation Agreement reflects the Tennessee Certificate of Public Advantage (COPA), granted a month earlier, although there are differences. Both documents are necessary to prevent the Federal Trade Commission from intervening in order to abstain from the merger on the grounds that it would create a monopoly detrimental to the region`s public health consumers. COPA and the cooperation agreement are intended to deter the new system from exercising excessive market power. In our merger agreement, we made binding commitments with the State of Tennessee and the Commonwealth of Virginia to ensure that the public benefits from our Union. Our Public Benefit Certificate, or COPA, is the legal agreement for health ballad training. Ballad Health was created in 2018 by the merger of Mountain States Health Alliance and Wellmont Health System through the publishing of a COPA in Tennessee and a similar document known as the Virginia Cooperation Agreement. With the creation of Ballad Health, we will be able to generate savings and reinvest these savings to maintain access to care in rural areas.