NASHVILLE, Tenn. (AP) — Vanderbilt University is going to separate financially from its medical center — a move officials say will allow the hospital system to be more flexible in a time of rapid changes for health care.
The medical center is looking to build upon its Vanderbilt Health Affiliated Network, which allows Vanderbilt and partner hospitals to build specialty centers as joint ventures and to share medical expertise. It started in 2011 with just three hospitals has since grown to about 50 in five states, helping give the medical center $2.8 billion in revenue last year.
Vanderbilt Chancellor Nicholas Zeppos told The Tennessean (http://tnne.ws/1sOJEoJ) that Vanderbilt University Medical Center will be better positioned to secure financing for joint ventures as an independent entity.
Zeppos said the change should not affect employees or patients.
