Overlake Medical Center and EvergreenHealth formed Eastside Health Alliance, a joint venture to improve the health and well-being of the Eastside community we both serve in the following ways:
The joint venture will help drive the Triple Aim: simultaneously improving the health of the population, enhancing the experience and outcomes for the patient, and reducing per capita cost of care for the benefit of the communities we serve.
The two organizations will remain separate entities, and will collaborate through a 50/50 joint venture, structured as a limited liability company (LLC). The joint venture will have no impact on either organization’s governance or administration, financial or tax/ownership status (Overlake as a private, not for profit; EvergreenHealth as a public hospital district). The joint venture LLC will be governed by a new combined a Board of Directors, appointed by EvergreenHealth and Overlake.