Frequently Asked Questions (FAQs)
Bethesda Health – Baptist Health South Florida Agreement
1. What does this agreement mean for our community hospital?
The Boards of Bethesda Health and Baptist Health South Florida have signed an agreement to explore and evaluate whether there are opportunities for the two healthcare organizations to work together to create enhanced patient services for our community. Executives anticipate the exploration process to take several months, and any final agreement would be subject to board approvals and necessary regulatory approvals.
2. Why Baptist Health South Florida?
Like Bethesda Health, Baptist Health has a strong reputation for being a comprehensive healthcare organization that provides high quality, compassionate care.
Baptist Health is one of the largest not-for-profit hospital systems in Florida, with seven hospitals in Dade and Monroe Counties, and 18-outpatient facilities in Dade, Monroe and Broward Counties. Baptist Health and Bethesda Health share similar missions as not-for-profit hospital systems in serving their respective communities.
3. What are Baptist Health’s strengths?
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 also includes Baptist Health Medical Group, Baptist Outpatient Services and internationally renowned centers of excellence. Baptist Health Foundation, the organization’s fundraising arm, supports services at all hospitals and facilities. Baptist Health was just listed by Fortune magazine as one of the 100 Best Companies to Work For in America (#19 in the nation and #1 in Florida) and has remained on the list for 14 consecutive years. It was also recognized as one of the World’s Most Ethical Companies for the third year in a row by the Ethisphere Institute.
4. What does this mean for Bethesda as a not-for-profit community hospital?
The Board of Trustees of Bethesda Health has maintained from the very 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.
5. Will Bethesda discontinue any services as a result of this affiliation?
The goal of this affiliation agreement is to explore how we can better meet the needs of our patients in Palm Beach County. As just one example, we believe there is a need for increased outpatient services and urgent care facilities in our community and that Baptist Health can help us in enhancing our services for Palm Beach County.
6. Why explore partnerships with other hospitals? Is Bethesda in financial trouble?
Bethesda Health is a very financially sound organization, with a strong balance sheet and a Triple-A rating from Moody’s, the only hospital in Palm Beach County to have this prestigious designation.
That being said, hospitals around the country are seeing unprecedented changes in the healthcare industry today. It is essential to explore 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.
7. How will you keep the community informed of the hospitals’ progress with this affiliation?
Both Bethesda Health and Baptist Health South Florida will keep our respective communities advised of the progress of this potential affiliation agreement over the next several months. Any final agreement would be subject to board approvals and necessary regulatory approvals.