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HomeMy WebLinkAbout2020-06-18 PAG FinalPARTNERSHIP ADVISORY GROUP JUNE 18, 2020 MEETING PAGE 1 ASSEMBLY The Partnership Advisory Group met to hold a meeting on Thursday, June 18, 2020, at 5:30 p.m. in the Burney Center at UNC -Wilmington, 601 South College Road, Wilmington, North Carolina. Members present via roll call: Co -Chair Barbara Biehner; Co -Chair Spence Broadhurst; Vice Co -Chair Bill Cameron; Vice Co -Chair Dr. Joseph Pino; Members: Dr. Virginia Adams; Evelyn Bryant; Chris Coudriet; Cedric Dickerson; Brian Eckel; Jack Fuller; Hannah Gage; John Gizdic; Tony McGhee; Dr. Michael Papagikos; Dr. Mary Rudyk; Dr. Rob Shakar; Jason Thompson; Meade Van Pelt; and David Williams. Members participating via teleconference via roll call: Robert Campbell and Dr. Sandra Hall. Staff present via roll call: County Attorney Wanda Copley; Clerk to the Board Kymberleigh G. Crowell; Assistant County Manager Tufanna Bradley; Chief Financial Officer Lisa Wurtzbacher; Chief Communications Officer Jessica Loeper; Budget Officer Sheryl Kelly; Intergovernmental Affairs Coordinator Tim Buckland; New Hanover Regional Medical Center (NHRMC) Director of Marketing and Public Relations Carolyn Fisher; NHRMC Chief Legal Officer Lynn Gordon; NHRMC Chief Strategy Officer Kristy Hubard; NHRMC Executive Vice -President and Chief Financial Officer Ed 011ie; Joseph Kahn, Shareholder with Hall Render and outside counsel for NHRMC; David Burik, Managing Director with Guidehouse; Greg Van Alstyne, Senior Strategy Consultant with Guidehouse; Eb LeMaster, Managing Director with Ponder & Company; and Robert Jaeger, Vice President with Ponder & Company. Co -Chair Broadhurst called the meeting to order and thanked Chancellor Sartarelli, Mark Lanier, and all the staff at UNCW for providing this outstanding venue. It put the PAG in a position to come back together, face to face, and it is most appreciated. There will be an open session and when the meeting moves into closed session, the public in the audience will move to a different place and the virtual access will have a placeholder that just says "Closed Session Portion" and no audio. The public will be welcomed back both in-person and virtually when the meeting moves back into open session. The closed session will take approximately 90 minutes. This meeting is being held as a permissible combination of an in-person and virtual meeting with the public access to open session components in accordance with state law. As with all other meetings the public can hear the open session portions of the meeting. It is not participating in the meeting discussion. There will be no questions from the public during this forum. As a reminder to the public, the public hearing regarding the partnership proposals received by NHRMC and the County, will be held by the County Commissioners on Monday, June 22"d at the New Hanover County Historic Courthouse, 24 North Third Street, Room 301 starting at 5:00 p.m. All members of the public are welcome to attend the meeting. CONSIDERATION OF PURSUING A PARTNERSHIP VERSUS STATUS QUO OR RESTRUCTURING Co -Chair Biehner stated that open session will be spent discussing pursuing a partnership versus status quo versus restructuring. These have been discussed at different points over the last several months and this is the opportunity to go through all that has been learned and processed during this time. She then reviewed slide 5 of who are the PAG members and what was covered during the 14 meetings. She also noted that the members have had a lot of opportunity to explore on their own, as well as through information provided to them, and then in the meetings themselves. The five workgroups that the PAG split into assessed the different areas that were the key areas of interest and concern. There have been public presentations by the respondents to the PAG, 12 site visits with the respondents to understand fit and conduct due diligence, and a lot of time listening to the community, NHRMC employees, and providers. In review of slide 6, Co -Chair Biehner provided an overview of the process that goes back to 2017 with the development of NHRMC's current strategic plan. It looked at the key things the PAG keeps talking about: access, value, and health equity. In 2018, the NHRMC Board of Trustees (NHRMC BOT) realized in looking at how to move the strategic plan forward, it had significant structural and financial barriers and began looking at SystemCo restructuring in an effort to then meet those concerns. NHRMC has committed itself to the lean process to do its evaluations and strategic planning and it was even included in this as the facilitators asked the NHRMC BOT what factors may inhibit the NHRMC's ability to carry out, as well as enhance and sustain its mission. After fully vetting the option, in 2019 NHRMC BOT determined that SystemCo restructuring had some value but it was limited, and began the partnership discussions, worked with the County Commissioners, and the PAG was established and started in October 2019. The work has involved understanding the current state of NHRMC and healthcare industry transformation, developing comprehensive goals and objectives and issuing the request for proposal (RFP); evaluating the NHRMC strategic outlook including the impact of SystemCo; looking at the proposals, evaluating the value to NHRMC and the community, and evaluating staying status quo or going with SystemCo and then looking at those against a partnership. In review of slide 7, Co -Chair Broadhurst stated the PAG spent a great deal of time of understanding the current state of NHRMC and southeastern North Carolina and the areas served. The right hand side of the slide shows the projected population growth, what's happening in this area, the large percentages in some of the counties that are served, and that NHRMC's in-patient capacity is less than 10%. He thinks for the PAG, but most certainly for the community members who have not been as directly involved as the NHRMC BOT and physicians, he found this section of the PAG's work to be incredibly important and informative. Discussions have been held about industry trends, what is going on, changes in the landscape of the reimbursements and how that will affect the finances of NHRMC, the shifts in care delivery, and how the community served can have access to care and what the real challenges were there. The PAG then heard about challenges specific to this market, the growth of the population, and how the growth is fueling demand for health services and certainly straining the capacity of the main campus. The next step as shown on slide 8, was for the PAG to discuss where it wanted to go, what were the goals and objectives, and how to get there. The PAG stayed with the strategic plan mentioned earlier as its foundation PARTNERSHIP ADVISORY GROUP JUNE 18, 2020 MEETING PAGE 2 and guide. It was a goal of this process to better position NHRMC to achieve its strategic plan and from there, work was done towards guiding principles that serve as the framework of desired outcomes and framework to guide its partnership exploration. From that point, work was done on goals and objectives in terms of what as a medical center is NHRMC trying to achieve, what is the PAG's responsibility, and what is it trying to achieve in this process. That work led to creating a framework for the PAG's request for proposal (RFP) and it was very detailed and many meetings were held to translate the goals and objectives into questions to get to a very granular detailed point for incorporation into the RFP. Co -Chair Broadhurst then reviewed slide 9 noting that while the RFP was out, the PAG started looking more in-depth at the strategic outlook factors, looking at what NHRMC was able to achieve on its own, what barriers are still there that kept it from being able to improve access to quality and health equity, and in looking at the organizational structures discussions were held about best practices for governance, and understanding the challenges with the current governance structure. During this time an independent financial advisor, Ponder and Company, was hired to help the PAG with evaluate the financial projections. After a very deep analysis, Ponder and Company advised that NHRMC could not adjust to changes in the market and grow at the pace required for the community without serious financial risk. The PAG then looked at alternative structures and as a reminder, NHRMC has not historically relied on any tax funding over the past 53 years from New Hanover County. However, in laying out the strategic plan next to the financials there is a big gap. Discussions were held about how to internally fill the gap and it was learned that there are limited options. NHRMC's borrowing capacity would solve a few things, but not very many and it did not go very far and would only make a small dent in the strategic plan. The financial factors that could impact NHRMC were also looked at and discussions were held about the revenues of the hospital which are pretty well dictated by the outside reimbursement agencies Medicare, Medicaid, and the insurance companies and how there's not much room to move there. One alternative that was looked at was what would it look like to the taxpayers and it was learned that a couple of the avenues being looked at were pretty dramatic. One would require an approximately 21% increase, at a minimum, in property taxes. Co -Chair Broadhurst noted that as someone who has sat in an elected seat before, he is not going to be the one to recommend that. There was a lot of good discussion during this time working through the structure and talking about alternatives. He then asked Mr. Kahn to review slide 10 about the next steps that were taken to explore what the options in terms of how standalone, joint venture, and full integration look. Mr. Kahn, in review of slide 10, stated that the PAG spent time at prior meetings working through the spectrum of affiliation from a management services agreement to a joint venture to full integration. That was teased out further as to what would each one look like perhaps with either status quo or SystemCo or some combination thereof. Much time was spent discussingjoint ventures, and there was an intentionality to that. One of the concerns that was expressed was the need to maintain local control in the community. The idea was that a joint venture was an option that was on the table for consideration that might allow for the achievement of that goal of retaining an element of local control post transaction. It was included and quite a bit of time was spent on that transaction model during the PAG meetings. Part of that was a hedge, because it was unknown what kind of proposals would be received. He thinks it was Pastor Campbell who asked "...are we asking for too much, are we swinging a little too hard here..." and frankly, while the support team didn't believe that was the case, it was unknown what kind of proposals would be received. It ended up that what was received were proposals that leaned heavily toward full integration, but included a number of features that are not typical of full integration models, and the support team was clearly intentional in terms of responding to some of the priorities that the PAG expressed in earlier meetings. As one walks through the pros and cons on slide 10, it starts to be teased out that the full integration models received checked a number of the boxes in the pro column that were thought to be attainable in just a joint venture on its own. A number of the boxes in the cons column were relatively similar, and there weren't too many distinguishing features that would otherwise weigh in favor of the joint venture. To explain further, there were three real elements that played through as a theme in almost all of the proposals received that discuss full integration, and that was significant capital commitments toward the strategic plan in excess of anything many in the group would have dreamed of or anticipated being put on the table. What was offered by a number of the respondents were commitments that would expand existing infrastructure, support existing infrastructure, and expand infrastructure to allow for the robust achievement and full achievement of the hospital's strategic plan. That was benefit number one put on the table in the full integration. Proposals were also received that included the retention of a local board that was delegated real authority. These boards, as they were described in the proposals, were far from the advisory boards typically seen in a full integration model. These were boards that are made up of local community members and boards that would be invested with true authority for the governance of the operations of the hospital. And finally, a number of the proposals included appointments from the local community to the parent system board. This is even more unusual in a full integration model, but would allow for this community to have a voice and a seat at the table at the parent system level when some of the larger system wide strategic decisions are being made. You could call it a trifecta that was put on the table as part of the full integration model. It not only checked all the boxes that were being hedged against through the joint venture model, but far exceeded that. The capital commitments that you get in a full integration model are so far beyond what would be available or achievable in a joint venture. Coupling that with the local control and with the ability to appoint directors at the parent system level really seemed to tip the scales heavily in favor of the full integration model as compared to the joint venture model, which a lot of time was spent on early in the PAG process. Co -Chair Biehner then reviewed slides 11 and 12, explaining that the PAG then developed key proposal elements (KPEs) based on the NHRMC strategic plan used to evaluate the proposals against each other as well as against status quo or restructuring. The ten areas include improving access to care and wellness, advancing the value of the care, achieving health equity, supporting our staff, partnering with providers, driving quality care through the continuum, growing the level and scope of care, investing to ensure the long-term financial security, strategic PARTNERSHIP ADVISORY GROUP JUNE 18, 2020 MEETING PAGE 3 positioning, and governance. As will be seen in the next few slides, the PAG is utilizing each of these goals and objectives and the 18 KPEs to look at the proposals to learn to what extent they address each of the areas. Co -Chair Biehner then reviewed slide 14 noting that during meeting 10, an overview of the KPEs was done. The PAG looked at in an aggregate view of all of the partnerships in one and looked at that relative to SystemCo and status quo. The partnerships were taken as a whole rather than individually and were really looked at in the assessment of the ability to meet the strategic plan. She reviewed how the Harvey ball system was used and what each ball meant in regards to the KPEs as shown in detail on slide 15. Co -Chair Broadhurst reviewed slide 16 noting that the goal of the PAG was to find an objective process to be able to compare all six proposals, status quo, and restructuring and was applied to all 18 measures. The PAG members broke up into small groups with the KPEs being divided amongst them to perform the evaluations and report back to the PAG as a whole on their findings. Slide 16 is a summary comparing the final three proposals which were given a Harvey ball range of how the PAG rated the three potential partners and how the same measures were applied to status quo and SystemCo/potential restructuring. He then asked each group to provide a brief overview of the areas each group evaluated. Member Williams stated his group covered KPEs 1: Expansion and Reconfiguration of Facilities, 2: Ambulatory Network Development, 3: Information Technology, and 11: Partnerships for Highly -Specialized Services and provided a brief overview of the group's findings. All of this information is not really related to just one county, but the seven county region. He believes four of the counties are in double digit growth with Brunswick County being over 20% and about 50% of the income that goes through NHRMC is from outside New Hanover County, so this is truly a regional system. Member Rudyk stated her group covered KPEs 5: Full -Scale Health Equity Program and 15: Integrated, Regional Health System and provided a brief overview of the group's findings. She noted that health equity looks at eliminating disparities in health outcomes across the region. We have a tsunami of gray in our region. 14% to 15% of the U.S. population is over the age of 65 and it accounts actually for 40% of the people that get admitted to NHRMC. She then provided an overview of what occurs when this population is admitted to any hospital in the country and examples of what NHRMC would be able to do to help this population if it had a partner to be able to provide a full-scale health equity program. As it pertains to KPE #15, she commented that we have got to stop being hospital centric, we have got to look at different healthcare settings, and we have got to reach out into these communities and see what does the patient want. Some of the questions that need to be asked are why does the patient need to come to the hospital; why do we become so set on bringing the patient into the hospital instead of reaching out and seeing what does that community want; how can we partner with what actually is in the community as there are loads of services in the community; and why don't we address the variations in care across our community? Above all, we have to have a trusted hospital affiliate, it's critical. She provided an overview of what she and her team in her practice did and learned during the pandemic as it relates to long-term care and assisted living facilities. During this time, she learned what's possible with having an integrated, regional health system in helping our partners in different areas with what they need at the time. Member Bryant stated that because of the time we live in, and how our community now is focused on diversity and inclusion, it is important that whomever is partnered with, in her opinion, it is understood what are the services that they can provide when it comes to the health equity portion. She lives in the Northside community and was grateful when the hospital partnered with her community to do what is called the Community Health Care Assessment as it was important in understanding what the needs of that particular community were and more possibilities are being seen when it comes to servicing our seniors and taking care of the social determinants. She applauds what the PAG has done and the work the members have done to understand what health equity really means. She can really see in this community how we can prosper and have better outcomes when it comes to health equity. Co -Chair Biehner stated she would add that if one looks at SystemCo and status quo on these particular topics and the ability to take health equity further, NHRMC needs additional capital and the capital is needed outside of New Hanover County. It is needed in Pender, Brunswick, etc., so she feels it is very important to look at that. Status quo and SystemCo provide some options, but not nearly enough of what is needed. She thinks all of the members have come to realize that health equity is critical. Member McGhee stated his group covered KPEs 4: ACO and Health Plan Development and 10: Clinical Transformation, and provided a brief overview of the group's findings. He noted that one of the things he thinks is very important for the PAG in looking at this and what was discussed is what we could do with status quo, or restructuring, and even though there were things being done already, it was never going to be able to get NHRMC to the place that it's actually moving in the direction of value based type of care. In comparing value based care versus fee for service type of care, it's very difficult with what NHRMC has and what it is doing right now to get to that place. With a partner that has the clinical background, the technologies that are available, etc., it would help NHRMC to be able to do that because it is still dealing with economies of scale. He also feels value based care is an integral part of health equity. He also feels the important thing that his group looked at is if NHRMC is going to move toward value based care based on what has been discussed and based on the strategic plan, then a partner is needed. As it relates to clinical transformation, while NHRMC has a lot of bragging rights on the great things it is doing, in order to get to the next level there is a need to have more financial strength and resources to do it. Member Fuller stated he would reinforce what Member McGhee stated and while NHRMC is doing a wonderful job in patient care and being patient and result focused, what attributes respondents brought to the table and shared with them were well beyond what it was thought NHRMC could implement based on its current resources. It is impressive what a system can do versus a local entity and he thinks it is a very positive attribute towards partnership. Vice Co -Chair Pino stated with healthcare quality and clinical transformation, NHRMC depends a lot on data in order to make changes, and having analytic systems that are fully developed and sophisticated will enable it to jump the curve from where we are to where we wish to be. The other systems that they have evaluated have sophisticated systems of PARTNERSHIP ADVISORY GROUP JUNE 18, 2020 MEETING PAGE 4 analytics that will enable NHRMC to move quickly in this direction. Also due to the pandemic, NHRMC had to transition from in-person visits to virtual visits and had very little experience with. It got there but when it was seen what other institutions were offering and could leverage over a quick/short time period, it was clear that it would help NHRMC develop this care model much more rapidly. For these reasons and many more, it became clear that having a partnership would help NHRMC move in expeditiously in that direction. Member Shakar stated his group covered KPEs 6: Avoiding Staff Shortages, 7: Developing and Recruiting Talent and Expertise, 8: Provider Needs (1/2) and (2/2), and 9: Engaging Independent Providers, and provided a brief overview of the group's findings. It is understood that the staff and providers are the backbone of what makes NHRMC great, so his group wanted to make sure that any potential partner had more to offer than what we already do. NHRMC does a lot of great things such as offering competitive salaries and benefits, and it has been voted in the top 100 places for employees to work in 2018 and 2019, and it has partnerships. However, it looked like the existing infrastructure was not sufficient enough to continue that in terms of recruiting and avoiding staff shortages. To him as a provider at NHRMC, it always feels that the hospital is always short. The numbers that it needs, even though it has relationships with schools of nursing and other national recruiting efforts and when looking at the potential partners, they really had regional hubs of how to acquire and grow their employment and advancement opportunities from within. They offered many other ways of keeping the staff here that's current, but also elevating them to different levels, as well as providing competitive market rates for salaries and benefits. They also had significant exposure and stress on the ability to have diversity related resources that could be expanded. Also, the most important thing was that they also offered many nurse recruiting and residencies so that the nurses in a local facility can expand and do more than what just what they do every day. That was something his group felt was very important and that all of these offers were really advancing more from what NHRMC had and could do. In regard to recruiting and developing that talent, all the partners as shown on slide 23 offered much more than what NHRMC currently offers. NHRMC has a formal leadership development program. Current leadership is versed in traditional healthcare services, but there is a need of additional expertise that NHRMC cannot currently offer. In looking at the respondents, they all offer coaching, learning technology, onboarding, and many other options that NHRMC currently does not have access to. Some also offered to place a corporate department in Wilmington, so an employee is not actually having to go to a long distance relationship for recruiting and doing those types of things. That was very interesting to Member Shakar's group in trying to maintain and keep things local, as well as the local leadership. In looking at provider needs, this was very important to everyone as status quo and SystemCo really only provide one quarter Harvey ball each. NHRMC has recently had some success locally with provider recruiting and has been able to increase the numbers of providers from 30 in 2018 to 42 in 2019. Overall, however, the advanced practice providers are one third of NHRMC's workforce. It was felt there was a need to focus on improving and increasing what the recruitment could be and expanding that and those pipelines. Many of the respondents are able to provide support for the development of advanced practice, provider strategy, and recruitment. Many of them are keeping things local, local control with decision making, which was really significant for the group. Also important was that NHRMC maintain its strong physician dyad model for provider engagement between physicians and administration. When the group looked at the graduate medical education (GME), all of the providers really provided an increase to what NHRMC currently has as well as offering new residencies, new fellowships, and other clinicians to advance what NHRMC does as everyone had benefitted from having the local residencies and UNC School of Medicine students coming here. Other provider needs the group thought were important was that there was some service line leadership structure that we currently have, but all the respondents could really increase that, as well as maintaining the current medical staff governance and related policies. All led to leadership roles for providers within their current organizations which was a model that his physician group thinks would want to implement and continue here. Independent providers were a significant aspect of what the group wanted to look at and while NHRMC has great relationships with independent providers currently, it was felt each respondent offered more opportunities for engaging the independent providers whether it is within the ACO or clinically integrated model. Besides the benefits of joining a large entity of independent providers, they would be able to be a part of any group purchasing organization or payer contracting to help support financial operational and clinical performance. It was really a well- rounded way to include all providers, not just those that may be employed or through the Hospital Management Group. Member Gage stated she thinks the bottom line is that when you look at all of this objectively, what the group saw were opportunities and possibilities in all four categories to go from good to great. It was clear where NHRMC would be stronger. Member Adams stated she would echo Member Gage's comments and would add that a part of what continues to be focused on was the mission of leading the community to outstanding health. Of some of those words that kept coming back, leadership was one. The question became how do we strengthen the leadership in the organization, it's strong but it could be stronger. The other piece was how do you develop a comprehensive plan that connects the community and communities, the rural communities, the marginalized communities, and how does the hospital itself lead that kind of effort. Outstanding health pretty much speaks for itself and is for one person very different for somebody else. In just looking at the mission and concentrating on that mission, she thinks the group came up with leaving the situation as it is, status quo, was just not going to work. Could NHRMC survive in the next few years with that? Yes, it could do that. Would it thrive, would they flourish with this organization, and the answer is no. Member Eckel stated that the one thing he has been surprised by over this process is the amount of local control that all three finalists give NHRMC as it relates to local providers and hospitals. NHRMC has always been concerned about this because local providers have always been the backbone of it and the respondents have all put their money where their mouth is. PARTNERSHIP ADVISORY GROUP JUNE 18, 2020 MEETING PAGE 5 Member Thompson stated his group covered KPEs 12: Financial Performance Benefits, 13: Addressing Financial Gaps and Threats, 14: Total Financial Consideration, 16: Contemporary Governance Model, 17: Control at The Local Level, and 18: Legal Organizational Model and provided a brief overview of the group's findings. The group discussed financial security and governance. Slide 33 (KPE 16) shows that all the respondents give us almost everything we want and this is the only area where status quo and SystemCo win, that is just 100% local control. That is the only winner of those two. In looking at all the other KPEs, under financial performance, status quo and SystemCo do not even rate in some and we get 25% of what we want in another. All of the respondents get to the 100% mark through some combination of the things they offer. In looking at governance, all respondents give 75% of what we want, because obviously they retain some control so NHRMC does not have 100% local autonomy like it does today. However, all the benefits that the other four groups just reviewed at length justify giving 25% of some control up to get all of those other things. Co -Chair Broadhurst stated he supports what Member Thompson has said that the objective measures are clear. He would also echo Member Eckel's earlier comment, as this group worked through these KPEs and discussed the governance and a contemporary governance model that can transform NHRMC's opportunities moving forward. Great opportunities were seen with some of the potential partners. This group was taken aback at the extremely high level of local control, local governance, and local engagement for the potential board locally as it was absolutely remarkable. His opinion is that is a reflection of what the respondents felt about the NHRMC executive leadership and the quality of the Board of Trustees. He thinks they felt that was a plus and a strength for NHRMC. Member Eckel stated although he was not part of Member Thompson and Co -Chair Broadhurst's group, he wanted to add that when members did the actual site visits with the recently acquired hospitals, interviews were able to be done with board members that sat on the hospital boards before they were acquired and were now on the boards of all three of the respondents. It was very interesting to see where they were sitting in our exact seat and five years later telling the PAG members how much better, for all three of them, their communities were with their new partnerships. Member Dickerson, who was part of the group Member Thompson and Co -Chair Broadhurst were in, stated he is being completely honest in saying he did not enter into this process with an open mind. He was probably stuck in the position that everything is going pretty good, but he would listen. Things are going great and NHRMC does an outstanding job. However, he thinks the work that keeps coming up is opportunity. The one thing that has popped out to him in this process is health equity. He guesses his catchphrase that he has become famous for is that it's not a matter of what you get, it's what you got to give up to get it. Early in the process the PAG discussed independence, and through the process that word was eliminated and it was drilled down to control. The PAG was adamant that had to be part of the process and the respondents came back with that as a key point in the presentations. He does not think at this point that status quo is something that can be considered, because there are a lot of people in the community that status quo does not work for. Ultimately as a community leader or community representative, it is our job to make sure that the people that are not in this room, rural, inner city, different areas that do not have access, and/or do not have the preventative primary care, that we make sure that we at least give an opportunity for them to experience some of the things that we have seen that is performed in many other areas by these respondents that offered to partner with NHRMC. Member Thompson stated that Members Rudyk and Dickerson made some points in certain sectors about health equity and the way things are working. He had the opportunity to go to a meeting today to see how COVID- 19, which is a pandemic, has had some positive results and has changed behavior. By that he will say that the NHRMC emergency room visits were down, it was 4,500 to 4,800 visits, and doctor visits were up month to month at approximately 13,480. That is moving people to primary care, getting out in their communities, providing healthcare, and not choosing the hospital as primary care. Co -Chair Biehner thanked all the members for the reports from on their respective workgroups. She thinks what can be seen is where the PAG has been, what it has learned over the last several months, and that it has really tried to ensure that the members are clear on what the choices are before them and how they compare. The PAG is now at the next critical deliverable, which is whether to recommend a partnership, status quo, or a restructuring for NHRMC, and she thinks this has been a great opportunity for the PAG to go through this and compare status quo and restructuring with just the overall concept. Co -Chair Broadhurst stated that the PAG's real exercise tonight is to give a deep dive into restructuring and status quo. He thanked all the participants and everyone for all the work done over the months to really work on that. Slide 36 is a summary and at the bottom shows that status quo and restructuring certainly retains local governance, but fall short of providing access to people, processes, technology, to achieve and implement the strategic plan, and they also fall short in increasing capital capacity to fully fund the strategic plan. In going back to slide 16, and while having already heard from the teams, he would like to open it one more time to the PAG members that may not have had the opportunity to speak on the different areas and thanked Member Dickerson and others for their comments. He would like to hear from them in terms of after looking at the summary of the work the group has done over the months about the opportunity we are in with restructure or status quo. Member Papagikos stated much like Member Dickerson, his evolution went from pretty critical of the process and he was sort of skeptical of the need for it. When he thinks about where he was last summer, he was trying to understand why are we doing this because he thought the hospital is on good footing and he bragged to people about how we're this large county -owned hospital, don't take any tax dollars, and do a greatjob. He was sort of hit like a ton of bricks when this announcement came through. As he got more and more involved in the process, and then as he got on the PAG he kept that skepticism, not cynicism, and he thinks that everyone here would appreciate that he has asked difficult questions, asked Mr. Kahn hard questions, and in each step along the way PARTNERSHIP ADVISORY GROUP JUNE 18, 2020 MEETING PAGE 6 trying to sort of prove the alternative hypothesis. At the end of this process, this quantitative or semi -quantitative thing matches where he is in the process. He thinks that the right thing to do is to take on a strategic partnership and he did not come to that conclusion lightly or flippantly. He thinks that what Co -Chairs Biehner and Broadhurst did earlier of walking through that process of how we got here over these 14 meetings was helpful for him to sort of understand and internalize how he sort of swung the pendulum from sort of a "hell no there's got to be a different way that no one's been clever enough to think about", to thinking that there is real possibility and real meaningful, generational transformation possibilities that are ahead of us if we pick the right strategic partner. Vice Co -Chair Cameron stated when he first started someone asked why he was on the PAG, he responded something along the lines of that he had a deep care for the long term health of the community. He will admit he started like some of the others, he was a skeptic of a sale, especially a sale to a for-profit, that just didn't sound good to him. He was a little more open minded, but skeptical nonetheless, to a relationship with a not-for-profit. However, he was committed to listening and learning, and then making a decision later. In the process, he has learned more about the changing healthcare environment, the move to population health and away from fee for service, the movement for reduced payments from the government and other insurers, more risk for outcome being placed on the hospital and on physicians. He was somewhat familiar with these concepts from the eight years he spent on the UNC Healthcare Board and they were just reinforced by what he learned here. He would also say to people outside of this room or to non-members of the PAG that if you do not understand the national change of the move to population health and away from fee for service, or the movement of reduced payments, and the risks that are being placed on hospitals and healthcare providers, he thinks it is very difficult for you to have an informed opinion on what should happen with our facility. While he does not mean to lecture, but he thinks you have to understand those issues. Through the process he became familiar with the strategic plan the NHRMC Board of Trustees put together, learned a great deal about expanding access to care, and is light years ahead of what he used to understand about the need for health equity. He has learned more on that subject than anything of any one other thing. He has learned about the financial limitations of implementing the NHRMC strategic plan, if it stays as it is. He has come to understand that there are relationships available that will allow NHRMC to implement its strategic plan, expand services, grant access to care closer to where people live, greatly improve health equity, and to use analytics to improve the quality of care, and other things will improve quality of care. He believes all of this can be done while still maintaining local control of the operation of facilities and maintain relationships with health providers and non- medical staff. He does understand that doing something involves risk and that not doing something also involves risk. He believes the risk of not doing something far outweighs the risk of partnering with one of the three respondents. Even more important, he believes the opportunity of partnering with one of the respondents will be transcendent and will greatly increase the health of our community, far beyond what we can achieve on our own. Member Gage stated as a community member and a complete layman she had a huge learning curve when she became part of this process. She was a skeptic and completely focused on what we would lose. It took her a long time to understand, or to focus on, the possibilities and on what we would gain. Her goal was to learn as much as she could and just make an informed decision and try to be open minded. She thinks she has done that, she feels she has developed a much deeper understanding of the challenges of staying independent and of the opportunities of partnering with the right partner. Then COVID came along and it was about midway through this process, and she thinks the group would be fooling themselves if they thought the process was not dramatically changed by that, because the lens through which we looked at healthcare was forever changed. At that point for the first time, even though she knew how well NHRMC did, it was the first time she realized how vulnerable we were. She remembers the last in-person meeting she had with her small group with Members Eckel and Gizdic, it was before everybody was sheltering. She asked Member Gizdic how things were going and he said he felt like he was in a little dinghy, out in a typhoon and at that time, we didn't really have the systems in place to even get tests done. The wait was days and days. It shifted for her because she saw what was happening if you had a partner, and in that sense NHRMC was lucky it had a partner to help with the tests but the staff were driving back and forth to Charlotte. It changed because NHRMC looked vulnerable for the first time to her, and then she began to look at the possibilities, and the conversations continued with these groups. You always hear people talk about how they have systems, platforms and analytics, and it sounds so completely abstract, until you begin to understand. Those are the things that enable you to provide modern care, patient centered care in their homes, etc. and she began to evolve and look at what she thought could be an enormous opportunity here, not just in the delivery of care, but if you look at it with all three of these partners, the expansion of GME, and what those things might become down the road. She surprised herself after the better part of the year. She thinks that what will be lost by giving up the independence pales in comparison to what will be gained by finding the right partner with the right terms that gives the kind of local control that we want. She thinks that will be transformative and so she has changed her mind. Member Campbell stated he believes Member Dickerson took most of his points, but at the fear of being redundant, he was also very skeptical of this whole process. He was concerned about the underprivileged, the economically challenged, the poor guy being used while the hospital walked away with millions of dollars. His concern was about health equity, and then at times the PAG was talking about costs, reducing costs, but that's a relative term, if he has got the money the cost doesn't matter. Health equity was his battle cry and he was concerned that we might step over the underprivileged, that we might serve a few privileged doctors. He says doctors because, after being a part of this group, he has seen them fight for the equity of everybody. He was very pleased to find that he was proud to be a part of this group. He felt that if someone had a preset agenda, they hid it very well because he saw people argue from both sides of the question. He thinks he read somewhere that two are better than one and we know that the economy of scale is important. When he joined the PAG, he thought NHRMC had $350 million or so, but he found out that it didn't have the top rating and it was about $125 million short of that. He found out that the hospital was running over 90% of capacity and people were already waiting in hallways in beds, he couldn't believe that. Even though it is a well-run institution, as evidenced by the respondents, he found out that it doesn't take much to change that equation very quickly. Member Gizdic made the group gasp when he talked about the PARTNERSHIP ADVISORY GROUP JUNE 18, 2020 MEETING PAGE 7 statistics in the financial and the economic status of NHRMC, which is lauded. He was very pleasantly surprised to find that two of the respondents are national winners of increasing the health equity. He found that the partnership far outweighs what we're doing and he thinks that timing is everything. He believes that we're at the right time, the right place to do the right thing for the future of our community and that means finding a partner, so we can raise the economy of scale and improve the health equity for everyone. He is glad that he has been a part of this because he was a naysayer, he was determined to make sure he represented those who couldn't be in the room, but he found that there were a lot of people that ended up having that same idea. Member Fuller stated he has had a long experience with NHRMC and quite honestly, he was very biased going into this. NHRMC did 90% of everything terrific. If you look at the change over the last 10 years at NHRMC, everything has improved dramatically. However, as part of this process what we have all discovered is people do it even better than NHRMC does, better from the aspect of the way they approach it, use of technology, additional funds, and ability to do things that NHRMC just didn't have the capability of doing. He is impressed with what some of these partners have done with the health equity in their communities. Well beyond our thought process of doing something, they actually are doing something, and that's something that would probably have taken NHRMC years to do. One of the things he has experienced in his life is the hardest thing in the world for people to do is accept change. The hardest thing in the world for somebody to do is to accept that changing and doing something different will actually improve the outcomes dramatically. He thinks what this group is starting to realize is that by embracing the possibility of change, embracing the possibility of a partnership, we can dramatically improve the healthcare environment, the hospital, the resources, the medical attention provided to these seven regional areas, and maybe even broader in southeastern North Carolina. He is very pleased to have been part of this group, and is wonderfully pleased and his heart is warm to see how everybody has embraced, listened and participated. But recognize that there's about 250,000 or 300,000 people in these communities around us that need to understand why this change is needed, why this change is good, and why this change is going to bring positive influence, positive change going forward. He thinks that is the challenge now to articulate this message in a way that not only the 21 members of this group but the 600,000, and growing, people in this community can also embrace it, not just rattle about it, embrace that it is something that is going to be better for our community. Member McGhee stated that he wanted to piggyback on what Member Fuller was saying. The word disruption was the word that kept him engaged and he wanted to be a part of this. Just to use a couple of examples, just a handful of years ago, there was a Blockbuster on every corner and now they are mattress stores. What happened was, this may be some kind of urban legend and is not sure it's actually true but he thinks it is, Netflix came to Blockbuster and said look, we got a deal for you. We'll sell you Netflix for tens of millions of dollars and Blockbuster said no because people love the experience of going to Blockbuster. We see now that was not true and it was not that they had bad management. They did not prepare for the potential disruptions because of the technology. The technological innovations that are available now will, for the foreseeable future, disrupt healthcare as we've always known it. The other example he wants to use is when he was a kid it was a big thing to go to Sears. The big Sears Tower was built in Chicago in 1973 and in 1994 the company sold it. He thinks that was the first year Amazon sold something or shipped a package. Sears sold that which was an iconic image of their power. He would argue that there was good management, they were making good decisions, but they were not paying attention to the technological innovation that was coming was going to undo them. The reason he says that is because the problem with disruption is if we're not thinking outside of the box, by the time we look around, it's upon us and somebody else has already taken advantage of it. To Member Fuller's point, we have to share these ideas, these concepts with the community here, so they understand it's not about somebody getting a big payoff or anything like that. It's to protect the hospital and healthcare in this area from catastrophic disruption. To do that, we basically have to choose our disruption, not let disruption choose us. He thinks that is what this advisory group is doing. We're saying we're going to choose the change that we're going to go and take advantage of, and we are not going to let it choose us and potentially destroy us. Because if we go to these same organizations with our heads in our hands, it's a completely different conversation. Now we're going from a position of strength. Member Hall stated everyone has pretty much said everything she thought and she was also very skeptical about all this. Through all the meetings and the education that the members have had, she thinks it is the obvious choice to move forward with a partner, to continue and to thrive with the health of our community, and she sees it as the only way to do that. She'll save the long speech, but she thinks it's all been said and she agrees. Member Williams stated he thinks the members have unofficially eliminated status quo and SystemCo this evening as a group and he would be prepared to make a motion that the PAG officially do it. He thinks to continue exploring these two options is not a good use of anyone's time, expectations, or hopes. Co -Chair Broadhurst stated he would take it as a motion, but before the PAG accepts that, he asked if there was any objection to it from any advisory group member. Member Coudriet stated he would object to that just based on the discussion that the County Commissioners, he thinks shared with by leadership of the PAG that we're still going through an evaluation. He thinks it was very clear, from some of the County Commissioners, that they believe the PAG needs to continue this kind of discussion and put on a clear business case analysis of perhaps why status quo or SystemCo do not work. This is the first public discussion with this depth of exposure that PAG has had and he just thinks it would be premature to do that, so if there's a motion and a second, he will vote against that. Member Williams stated he does not want to do something that could cause trouble on the back end, but hearing what he heard tonight, he also does not want to insult someone and withdrew the motion. Co -Chair Broadhurst responded he was not and accepted the withdrawal. He further stated that the PAG charter is pretty clear that the final official vote on it should be comparing it to one potential partner, as opposed to the three. He thinks it would be appropriate and consistent with the charter if the vote was moved to that portion of the PAG's deliberations. To Member Williams' point however, let's not insult ourselves or the public about the PAG's direction. It is crystal clear and he thinks they have heard from just about all of the PAG members how they feel and he feels the ones that spoke did so with a unanimous consent PARTNERSHIP ADVISORY GROUP JUNE 18, 2020 MEETING PAGE 8 that any one of the three potential partners are a better option than status quo and SystemCo. He thinks it is fair to the public to hear that and it is fair for the PAG to communicate that and he thinks that has been done. However, he thinks from a procedural standpoint, the PAG should stick to its rules and have that vote at another time, but he agrees with Member Williams and has heard all the comments as well. Member Gage asked if the Harvey ball analysis shown tonight will be shared, because she thinks that shows the data. She thinks it would be important before the PAG has a motion for anything to share that with the County Commissioners and NHRMC BOT so they can look at that analysis. Co -Chair Broadhurst stated that was a good point and it will be done. Also to Member Coudriet's point, during the presentation to the County Commissioners, a couple of the Commissioners asked specifically for the analysis that was done tonight. It will be shared immediately after this meeting so the County Commissioners and NHRMC BOT have the information and at the same time understand the direction of the PAG at this point. Co -Chair Biehner stated it will be shared on the NHRMCfuture.org by tomorrow. Member Van Pelt stated she does want to make it clear to the public while they are listening that one of the most important things that has been talked about, repeatedly, from the PAG is that the public hears from them and understands how important it is that they are transparent. With all the information and the facts that have come out tonight, she highly encourages everyone to go to the website tomorrow to review it. She would never want to throw all this information at someone tonight that she has absorbed over six to seven months and even pushing a lot of things to the side just to take it all in. She would highly encourage the whole community, all 600,000 who we're really trying to serve, not just Wilmington, to take advantage of reviewing the information and if they do not have access, she thinks the group needs to find ways to get this information to them. Personally, she would encourage everyone to attend the June 22"d public hearing, if they are able. Also if for some reason a person feels they are not getting this information, she asked that they reach out to the PAG members so that if the information needs to be printed, if it needs to be in large print, or if it needs to be recorded it can be. It is the PAG's responsibility to make sure that this information gets out and give everyone time to absorb it before there's anything pushed forward. Co -Chair Broadhurst thanked everyone for their comments. CLOSED SESSION Co -Chair Broadhurst announced that the meeting would move into closed session for confidential discussion and review of confidential information, pursuant to North Carolina General Statute (NCGS) 143- 318.11(x)(1), NCGS 143-318.11(a)(3), and NCGS 131E-97.3. These protect competitive healthcare activities and attorney-client matters. He asked for a motion to move into Closed Session. Motion: Member Williams MOVED, SECONDED by Member Coudriet to enter into a closed session pursuant to NCGS 143-318.11(a)(1), NCGS 143-318.11(a)(3), and NCGS 131E-97.3. These protect competitive healthcare activities and attorney-client matters. Upon vote the MOTION CARRIED UNANIMOUSLY. Co -Chair Broadhurst excused the public participants and convened to Closed Session at 7:10 p.m. CONVENE TO OPEN SESSION, CLOSING REMARKS, AND ADJOURNMENT Co -Chair Broadhurst called the meeting back to order at 9:22 p.m. and thanked the members for their discussion and work during the closed session and expressed appreciation to public who remained on the line during that time. There being no further business, Co -Chair Broadhurst adjourned the meeting at 9:22 p.m. Respectfully submitted, /Kymberleigh G. Crowell/ Kymberleigh G. Crowell Clerk to the Board Please note the above minutes are not a verbatim record of the Partnership Advisory Group meeting. Meeting materials associated with this meeting are included as attachments to these minutes for reference. G0 X)N�Y 11 O ` N New Hanover S �1 Regional Medical Center 3y \s \�BLIS771� 121 Section Page Number 1. Welcome K 2. Consideration of Pursuing a Partnership vs. Status Quo or Restructuring 4 3. Closed Session - 4. Closing Remarks 43 2 N New Hanover �_=I 11 Regional Medical Center SOME New Hanover Regional Medical Center NNew Hanover Regional Medical Center SIDERATION OF PURSUING A "NERSHIP VS. STATUS QUO OR FRUCTURING COMMUNITY MEMBERS, NHRMC TRUSTEES, WHO WE ARE:::21 PHYSICIANS, COUNTY AND NHRMC LEADERSHIP WHAT WE DI D • UNDERSTOOD THE CHARGE AS AN ADVISORY GROUP TO THE NHRMC AND COUNTY BOARDS 0 • REVIEWED THE CURRENT HEALTHCARE LANDSCAPE AND NHRMC'S STRATEGIC OUTLOOK • W • • DEVELOPED THE GOALS AND OBJECTIVES FOR THE PARTNERSHIP EXPLORATION PROCESS 'r4 ASSESSED THE FEASIBILITY OF NHRMC REMAINING STATUS QUO OR RESTRUCTURING • REVIEWED PROPOSALS AND ENGAGED WITH RESPONDENTS TO ASSESS PARTNERSHIP OPTIONS 5 WORK ASSESSING STATUS QUO, 14 PAG Meetings over 9 Months RESTRUCTURING, AND And counting! GROUPS PARTNERSHIP 2 MEETINGS TO UNDERSTAND NHRMC AND THE INDUSTRY TRANSITION IN HEALTHCARE 4 MEETINGS TO DEFINE GOALS AND OBJECTIVES AND DEVELOP AN RFP 4 MEETINGS TO UNDERSTAND RESTRUCTURING OPTION & STRATEGIC OUTLOOK 4 MEETINGS TO ASSESS THE PROPOSALS RECEIVED IN RESPONSE TO THE RFP mAnd Countless Hours Spent on Homework and Reading Industry Articles and Information Shared by the Public SUPPORTED BY A MULTIDISCIPLINARY TEAM OF NHRMC AND COUNTY LEADERSHIP AND OUTSIDE ADVISORS l rM PUBLIC PRESENTATIONS BY EACH RESPONDENT TO av::] THE PAG 12 SITE WITH THE RESPONDENTS TO UNDERSTAND FIT AND VISITS CONDUCT DUE DILIGENCE TIME LISTENING TO THE COMMUNITY, NHRMC EMPLOYEES & PROVIDERS NNew Hanover �1 Regional Medical Center V� P181 rl NHRMC Board develops and approves current strategic plan with focus on access, value, and health equity PTOIL-1 NHRMC Board identifies structural and financial barriers and begins vetting SystemCo restructuring Lean facilitators ask NHRMC BOT: What factors may inhibit NHRMC's ability to carry out, enhance and sustain its mission? R 2019 ■■■■■■■■■■r ■ After fully vetting ■ option, NHRMC ' BOT determines ■ ■ ■ SystemCo ■ restructuring ' offers limited ■ ■ ■ value and ■ begins partnership ■ ■ discussion; ■ Works with ' Commissioners ■ ■ ■ to establish ■ PAG PAG understands NHRMC current state and healthcare industry transformation 2020 PAG evaluates NHRMC Strategic Outlook including impact of SvstemCo PAG develops comprehensive Goals and Objectives and issues RFP Jun PAG understands proposals and evaluates value to NHRMC and the community NNew Hanover 11 Regional Medical Center NHRMC is influenced by national healthcare trends and shifting market dynamics What challenges are faced by What's happening in NHRMC in today's healthcare Wilmington and NHRMC's 7 - landscape? County Service Area? 1. Reduced Reimbursement in an Aging Population 2. Increasing Regulatory Scrutiny 3. Payment Model Transition to Value -Based Care 4. Shift from Inpatient to Outpatient Care Settings Projected County Population Growth (2017-2030) Bladen >_6% Brunswick +21 % D Columbus +0% D Pender < 10 0 Duplin 0 +16% NHRMC Inpatient- +15% New 9 Hanover Onslow +10% VNew Hanover Regional Medical Center Strategic Plan Our goal in this process is to better position NHRMC to achieve its strategic plan Guiding The Guiding Principles serve as a framework of desired outcomes across key Principlesdimensions (i.e. operational, clinical, etc.) to guide the partnership exploration process The Goals and Objectives are specific actions required for NHRMC to achieve the desired outcomes as stated through Guiding Principles. They serve as the basis for the development of RFP questions and the criteria against which each strateaic oation will be evaluated A Request for Proposal (RFP) is a document to collect required information from potential partners to enable evaluation of proposals against defined partnership goals and objectives VNew Hanover Regional Medical Center Strategic Outlook Factors• • The combined implementation complexity and Determine if NHRMC is positioned to achieve its financial demand of all strategic needs inhibits strategic plan NHRMC's ability to optimally address each of these demands at the required pace NHRMC has structural barriers to achieving its Understand NHRMC's legal organizational strategic plan, adapting to healthcare industry structure transformation, and achieving governance best practices Funding the strategic plan would stress NHRMC's Evaluate NHRMC's long-range financial plan balance sheet potentially resulting in default on and ability to fund capital needs bonds or downgrade in credit rating approaching `Baa' Discuss alternative scenarios, such as tax payer Tax support to fill existing financial gaps would funding, to fund NHRMC's capital needs while translate to a 21 % increase in property tax rates, maintaining current legal organizational structure up to 68% increase inclusive of potential threats NNew Hanover ( ;I �1 Regional Medical Center \ i Pros Cons Joint Venture Full Integration Joint Venture Full Integration Receive maximum Lower amount of • Maintain ownership interest consideration and consideration paid and Relinquish ownership commitments include fully commitments made by interest funding Strategic Plan partner for partial ownership Board . Maintain role in governance Maintain role in governance Subject to partner "veto Subject to parent reserved rights / reserved powers" powers = • • • Appointment of directors to Appointment of directors to Partner gets appointments to Partner has more limited role Appointment governing board governing board governing board in appointments Capital Potential opportunity for No further capital Ongoing commitment to Few, if any, opportunities to Commitment distributions commitments contribute capital if required, participate in ongoing or risk dilution distributions Full ROI achieved at closing / Responsibility for at least a Return on Potential future returns on Maintain right of reversion / part of ongoing debt and Likely no participation in any Investment investment No ongoing debt obligations downside risk future returns or downside risk Partner has full incentive to Organizational invest / Retain ability to Less incentive for partner to Reduced ability to control Direction Ability to influence strategy influence strategy through prioritize investments in strategy local board and parent board venture appointments Pros and Cons based upon understanding of proposals received 10 NNew Hanover 11 Regional Medical Center 1. Expansion & Reconfiguration of Strategic Need(s): Expansion & Reconfiguration of Facilities Facilities Improving Access to Care and Wellness 2. Ambulatory Network Development Strategic Need(s): Ambulatory Network Development 3. Information Technology & Digital Strategic Need(s): Transparency; Consumer -Friendly Solutions Technology; Telemedicine Adoption; Technology Platform Advancing the Value of the Care 4. ACO and Health Plan Development Strategic Need(s): ACO and Health Plan Development Strategic Need(s): Full -Scale Health Equity Program; Achieving Health Equity 5. Full -Scale Health Equity Program Fulfills commitment to mission and serving all regardless of abilityto pay 6. Avoiding Staff Shortages Strategic Need(s): Avoiding Staff Shortages Supporting our Staff 7. Developing and Recruiting Talent and Strategic Need(s): Developing and Recruiting Talent and Expertise Expertise 8. Provider Needs Strategic Need(s): Provider Needs Partnering with Providers 9. Engaging Independent Providers Strategic Need(s): Engaging Independent Providers Driving Quality Care Throughout the 10. Clinical Transformation Strategic Need(s): Evidenced -Based Protocols; Care Continuum Coordination Across the Continuum 11 N New Hanover ( ;I �1 Regional Medical Center \ i Growing the Level and Scope of Care 11. Partnerships for Highly -Specialized Strategic Need(s): Partnerships for Highly -Specialized Services Services 12. Financial performance benefits Strategies to identify and capture synergies with potential partner and preserve key existing financial drivers Investing to Ensure the Long -Term 13. Addressing financial gaps and threats Ability to fund strategic plan to address NHRMC's existing Financial Security financial gaps and potential threats 14. Total financial consideration Total financial consideration commensurate to proposed strategic partnership structure Strategic Need(s): Integrated, Regional Health System; Strategic Positioning 15. Integrated, Regional Health System Broader desire to positively impact region's economic status 16. Contemporary governance model Barrier(s) identified by NHRMC BOT: Diplomatic Hurdles 17. Control at the local level Preservation of majority control of the organization at the Governance local level Barrier(s) identified by NHRMC BOT: Growth Outside the 18. Legal organizational model County; Branding Inflexibility; Financing Opportunity; Investment Limitations; Scale Limitations 12 N New Hanover=j �1 Regional Medical Center PROPOSAL ELEMENTS New Hanover 11 Regional Medical Center • During PAG Meeting #10, the PAG developed Key Proposal Elements (KPEs) based upon NHRMC's strategic needs • The KPEs were designed to facilitate the assessment of each proposal's ability to meet NHRMC's strategic needs. Additionally, KPE assessments were completed for NHRMC Status Quo and NHRMC SystemCo • The following slides present an aggregated view of the partnership option relative to NHRMC SystemCo and NHRMC Status Quo Please Note: The Partnership description does not represent any one proposal. Rather it represents, based upon the proposals, site visits, presentations, and follow up inquiries and clarifications, what the PAG understands to be available to NHRMC and the community by selecting a partner 14 N New Hanover=I �1 Regional Medical Center 15 N New Hanover �1 Regional Medical Center V� Relative to other proposals received, this organization's response addresses RFP questions related to this KPE in a compelling manner, • demonstrating (i) clarity of specific plans for NHRMC with qualitative and quantitative detail, (ii) clear qualifications demonstrating the ability to deliver on those specific plans, and (iii) the willingness to be committed to the community to deliver those specific plans. Relative to other proposals received, this organization's response addresses RFP questions related to this KPE in a comprehensive manner, providing a good level of explanation on (i) clarity of specific plans for NHRMC with qualitative and quantitative detail, (ii) clear qualifications demonstrating the ability to deliver on those specific plans, and (iii) the willingness to be committed to the community to deliver those specific plans. Relative to other proposals received, this organization's response addresses RFP questions related to this KPE in an adequate manner, providing some but not enough explanation on (i) clarity of specific plans for NHRMC with qualitative and quantitative detail, (ii) clear qualifications demonstrating the ability to deliver on those specific plans, and (iii) the willingness to be committed to the community to deliver those specific plans. Relative to other proposals received, this organization's response does not address RFP questions related to this KPE in a clear manner, O lacking sufficient explanation on (i) clarity of specific plans for NHRMC with qualitative and quantitative detail, (ii) clear qualifications demonstrating the ability to deliver on those specific plans, and (iii) the willingness to be committed to the community to deliver those specific plans. Relative to other proposals received, this organization's response does not address RFP questions related to this KPE in a adequate O manner, lacking sufficient support for achieving the KPE. N/A No response provided for this KPE. 15 N New Hanover �1 Regional Medical Center V� Key Proposal Partnership �V New Hanovet �t Regional Medical Center � New Hanover Regional Medical Center Status Quo SystemCo Improving Access to Care and Wellness 1. Expansion & —•ansformation Reconfiguration of Facilities 11. Partnerships for 2. Ambulatory Network — • O O Development Services 3. Information — • O O Technology N/A Performance Benefits Advancing the Value of the Care 4. ACO and Health Plan — • O O Development Gaps and Threats Achieving Health Equity 5. Full -Scale Health — • O O Equity Program Supporting our Staff 6. Avoiding Staff — • O O Shortages 7. Developing and 16. Contemporary O — Ql O Recruiting Talent and Governance Model Expertise 17. Control at the Local • Partnering with Providers 8. Provider Needs Q Q 9. Engaging — O Independent Providers • • • Partnership 'r New Hanover 1,Regiorwl Medical Center I New Hanover �1 Regional Medical Cen[er Status Quo Systemco 7Driving Quality Care Throughout the Continuum inical —•ansformation Growing the Level and Scope of Care 11. Partnerships for Highly -Specialized Q1 — Q Q Services Investing to Ensure the Long -Term Financial Security 12. Financial Q1_0 N/A N/A Performance Benefits 13. Addressing Financial — • O O Gaps and Threats 14. Total Financial — N/A N/A Consideration Strategic Positioning 15. Integrated, Regional — • O O Health System Governance 16. Contemporary O — Ql O O Governance Model 17. Control at the Local • • Level 18. Legal Organizational — O Model 16 N New Hanover ( II �1 Regional Medical Center V� ■�� New Hanover 11 �r New Hanover Partnership �1 Regional Medical Center 11 Regional Medical Center Status Quo Systemco 4_0 • Significant financial commitments enable NHRMC to accelerate efforts to: • Enhance the service lines to broaden reach and care for additional communities in southeastern North Carolina • NHRMC has implemented numerous programs to improve care coordination to better manage increasing volumes, including use of real-time location tracking systems, multidisciplinary rounding, & digital standardization. • Develop and upgrade the main i• NHRMC has had success in driving down campus to expand tertiary/quaternary hospital utilization rates among existing capabilities patients (e.g., 14% reduction in Medicare • Develop innovative and sustainable admission rate). health delivery models in rural • Focused efforts on reducing need for communities I hospital services are not able to keep pace Partners offer advanced methodology to I with increasing capacity demands identify where services are most needed and • Long-term regional growth is expected to the capital, scale and infrastructure to more rapidly act on that information. I continue to accelerate. • NHRMC has evaluated existing facilities, designed future -state recommendations, developed a 10+ -year implementation plan, and determined capital requirement to expand and reconfigure facilities. But capital is not available to implement at the pace needed. 17 • Restructuring to a SystemCo model may ease limitations on investing in facilities and services outside New Hanover County, but NHRMC would still be in the same financial position, and would need access to additional capital (this could be limited) in order to pursue investments outside the County New Hanover Regional Medical Center ■�� New Hanover �r New Hanover Partnership �1 Regional Medical Center �1 Regional Medical Center Status Quo Systemco QI— O • Significant financial commitments would enable NHRMC to add outpatient medical services and practices in extended service area, giving residents more convenient access to care that helps them manage their health. The growth of NHRMC's ambulatory network • Restructuring to a SystemCo model may to meet projected growth in outpatient volumes and provide more convenient, affordable care options is restrained by structural and capital limitations inherent in ease limitations on investing in facilities and services outside New Hanover County, but NHRMC would still be in the same financial position, and would need access to existing structure. These include the ability to additional capital (this could be limited) in • Robust ambulatory strategy invest in facilities outside New Hanover supported/funded by partnership would help County, where more than 50% of NHRMC decompress main NHRMC campus, allowing patients live. for more focused use for high-end services. ,. NHRMC has purchased land for the Scotts • Partners offer specific market-based plans using advanced data analytics tools. • Partners could support expansion of well- established ambulatory networks that include innovative approaches to care delivery, cl inuding telemedicine and behavioral health. Hill Campus and the Autumn Hall expansions, but building these projects will effectively consume all available capital, preventing the ability to grow other services for an extended period of time. order to pursue investments outside the County. NNew Hanover 11 Regional Medical Center ■�� New Hanover �r New Hanover Partnership �1 Regional Medical Center �1 Regional Medical Center Status Quo Systemco (0-0 Partners offer scalable telehealth solutions to increase access for patients throughout the region. Partners provide access to consumer -centric digital platforms including web scheduling, online chats, and telephonic support for patients. Partners offer real-time sophisticated analytics capabilities. • Partners commit to developing a command center to service NHRMC. • Site visit presentations highlighted strong IT capabilities and infrastructure. • Would need to work toward mature price transparency tool with potential for implementation at NHRMC. 19 • NHRMC offers MyChart patient portal and NHRMC App. • NHRMC has deployed limited telemedicine capabilities (telehealth home care, E -visits, telehealth connectivity at facilities). Plans to launch customer relationship management ("CRM") to improve communications with patients on hold for limited funding. • Despite investment of $750 million in capital investment and operating expenses over the past 10 years (including Epic EMR implementation), current technology platform does not meet today's needs given increasing role and importance of analytics and technology in healthcare delivery • Recent addition of Health Catalyst to analytics portfolio will support data integration and robust analytics offerings (—$1 M/year investment), but more is needed to fully deploy. • Restructuring to a SystemCo model will not directly improve NHRMC's information technology. Capabilities remain as status quo. NNew Hanover �1 Regional Medical Center ■�� New Hanover �r New Hanover Partnership �1 Regional Medical Center �1 Regional Medical Center Status Quo Systemco Q1_0 Partners would provide access to shared infrastructure and corporate services (analytics, clinical solutions and documentation excellence, safety and regulatory accreditation) which would lower cost of growing NHRMC's ACO program to serve more area residents. Partners would provide access to multi- disciplinary, care management teams across the continuum to offer area patients more seamless access to care. Inclusion in larger, more mature Accountable Care Organizations with additional covered lives across payers (i.e. commercial, Medicare) will lower costs reduce risks. Health plan and value -based contracting experience can advance NHRMC strategy Partners offer Medicare Advantage programs which could help growth of NHRMC's new Medicare Advantage product for area retirees. 20 • NHRMC Medicare Shared Savings Program ACO, Physician Quality Partners, has —19K covered lives and achieved a 95.12% quality score and $282 reduction in cost per beneficiary for the 2018 plan year • NHRMC offers Medicare Advantage Health Plan for residents of New Hanover County • NHRMC processes to manage population are largely manual and network of participating providers is limited, creating inefficiencies and limiting ability to scale up to help improve quality and lower costs for more area residents. • Restructuring to a SystemCo model will not directly improve NHRMC's ACO and health plan development capabilities. Capabilities remain as status quo. NNew Hanover ( ;I �1 Regional Medical Center \ i ■�� New Hanover Partnership 11 Regional Medical Center Status Quo 4-• 1 O • All respondents demonstrated success in i• Current NHRMC programs include Mission addressing social determinants of health and, Corps, Barbershop Initiative, Food two of three respondents were recently nationally recognized for their efforts in Health Equity by receiving the CMS Health Equity Award within the first three years of its establishment. Respondents demonstrated success in partnering with community organizations to address social determinants of health and have committed to continue existing NHRMC programs. Respondents offer access to expertise, frameworks, and data analytics to support NHRMC health equity program, as well as access to employee training and other programs to ensure culturally competent care. Respondents have well-established supplier diversity initiatives Respondents have committed to continue or improve NHRMC's charity care program. 21 Pharmacy, Dancin' in the Park programs, community partnerships geared towards addressing the opioid crisis and homelessness as targeted social determinants of health, and adding community health workers in Northside neighborhood. • "Every Day" Bias training and employee resource groups available to all employees. • NHRMC offers Healthcare Explorers program for youth. • NHRMC is piloting standardized screenings for social determinants of health, but there is minimal use of data to identify opportunities and measure effectiveness of programs. • Without sophisticated data systems and infrastructure, programs will remain limited in scope and impact. 11 �r New Hanover �1 Regional Medical Center Systemco • Restructuring to a SystemCo model will not directly impact or expand NHRMC's health equity program. Capabilities remain as status quo NNew Hanover ( ;I 11 Regional Medical Center ■�� New Hanover �r New Hanover Partnership �1 Regional Medical Center �1 Regional Medical Center Status Quo Systemco 4_0 • Respondents propose building regional hub of services, growing employment and advancement opportunities. Respondents have indicated that all employees in good standing will continue to be employed in their current positions and are committed to competitive market-based benefits for NHRMC's employee base to minimize disruption. Prior employment and service with NHRMC will be considered in full and partner will work 11 • NHRMC offers competitive salaries and comprehensive benefits including generous health coverage, childcare, wellness programs and tuition assistance. • NHRMC Will continue existing staffing and compensation commitments as long as economically feasible. • NHRMC achieved Forbes Top 100 Large Employers (2018 and 2019); Becker's Hospital Review 150 Top Places to Work in Healthcare (2019). with NHRMC to develop a competitive . Partnership with Schools of Nursing and retirement savings program. I national recruitment efforts support a growing • Access to diversity -related resources and programming will be expanded. • Support for recruitment and retention [including specific nurse recruiting resources could be enhanced through different programs offered by the potential partners_ 22 nurse pipeline. • Existing NHRMC infrastructure may not be sufficient to recruit staff to meet growing demand in region while the industry faces a shortage in healthcare workers. 31 • Restructuring to a SystemCo model will not directly improve NHRMC's staff job security, benefits, or recruitment. Capabilities remain as status quo. NNew Hanover ( ;I �1 Regional Medical Center ■�� New Hanover �r New Hanover Partnership �1 Regional Medical Center �1 Regional Medical Center Status Quo Systemco 4_0 • Respondents have system -level leadership development; orientation & onboarding; learning technology; more sophisticated succession planning; onboarding, coaching, and education; I• Leadership recruitment support • Specific programs for developing nurse leadership • Location of a new shared -services center and corporate department in Wilmington. 23 • NHRMC offers a formal leadership development program developed and run by current NHRMC employees (should have nearly all Directors and above completed by year-end). • Current leadership is well -versed in traditional healthcare services and recent recruitment has included new expertise (i.e., clinical transformation and health plan operations). • To ensure clinician representation at all levels and keep pace with new business models and functions in healthcare, additional expertise is needed. • Restructuring to a SystemCo model will not directly improve NHRMC's ability to develop and recruit talent and expertise. Capabilities remain as status quo. NNew Hanover (=I �1 Regional Medical Center ■�� New Hanover �r New Hanover Partnership �1 Regional Medical Center �1 Regional Medical Center Status Quo Systemco 0 Respondents have strong physician dyad models and approach to provider engagement • Respondents offer more robust provider resiliency programs which could be expanded Local control and decision-making for provider issues • Networks in place for physician group management. • Status quo will continue existing medical staff governance policies and procedures • No disruption to employed physician group management. The NHRMC /Atrium Physician Network Management Agreement would continue • Recent success in provider recruiting includes recruiting 42 providers in 2019 (21 MD and 21 APP) and 30 providers in 2018 (16 MD and 14 APP) • Support for the development of a NHRMC Overall APP's are —1/3 of the NHRMC Advance Practice Provider strategy I provider workforce with expected expansion of recruitment • Support for provider recruitment and expanded reach into new recruiting pipelines • Expansion of Graduate Medical Education programming at NHRMC including increasing residents in existing programs and offering new residencies and fellowships for physicians and other clinicians 24 • NHRMC achieved Joy in Medicine Bronze Level Designation for NHRMC Physician Group and developed and administered a MiniZ provider burnout survey • Restructuring to a SystemCo model will not directly improve NHRMC's ability to support provider needs. Capabilities remain as status quo Provider Needs Rating Rationale continued on subsequent page NNew Hanover �1 Regional Medical Center ■�� New Hanover �� �r New Hanover Partnership �1 Regional Medical Center �1 Regional Medical Center Status Quo Systemco 0 Clinician leadership development and executive leadership development programs • Support for and access to additional clinical trials and research funding • Augmentation of existing staff through virtual consultation with in system specialists • Continuation of current Medical Staff Governance and related policies and procedures subject to further due diligence • Leadership roles for providers throughout Lorganizations 25 • Service line leadership structure supported by physician dyad leadership program and provider forums • Research Finance Coordinator role and two Cardiology Study Coordinator roles support research at NHRMC • Commercial IRB allows studies with IRB approval at another site to be processed locally • See prior page Provider Needs Rating Rationale continued from prior page NNew Hanover �1 Regional Medical Center ■V New Hanover 11 New Hanover Partnership �1 Regional Medical Center 11 Regional Medical Center Status Quo Systemco (0-0 No expected impact on existing and developing hospital-based provider contracts, joint ventures and other physician contracts and agreements • Status quo would not impact existing and developing hospital-based provider contracts, joint ventures and other physician contracts and agreements • Expertise and support for various provider • NHRMC offers affiliation for independent alignment models including ACO / CIN providers through Physician Quality Partners membership, shared investments and co- ACO management agreements • Willingness to extend additional support to independent providers including: EMR connectivity, referral management connectivity, technical consulting, analytics, and a group purchasing organization • Inclusion of independent providers in key leadership roles throughout the organization Physician council enables communication with independent providers 26 • Restructuring to a SystemCo model will not directly improve NHRMC's ability to engage independent providers. Capabilities remain as status quo NNew Hanover �1 Regional Medical Center ■�� New Hanover �r New Hanover Partnership �1 Regional Medical Center �1 Regional Medical Center Status Quo Systemco Q1 — O • Expressed willingness to share best practices from each organization and scale to system • Partners offer access to standardized quality improvement approach and resources including quality analytics and scorecard; care redesign teams; participation in system- wide quality and safety team • Partners provide access to care management and patient satisfaction resources • Inclusion in performance improvement programs including access to preventive guidelines, evidence based protocols and safety initiatives Implementation of embedded workflow and analytics and access to system -wide innovation efforts Demonstrated success, through provider testimonials, of arming providers with actionable data 27 • NHRMC launched clinical transformation programming with varying degrees of adoption and designed future -state clinical transformation initiative. Program build time expected to be 3+ years • In implemented programs, NHRMC has seen success but number and scope of programs are limited • Current care coordination system is fragmented with limited coordination across the continuum; some programs exist and there are ongoing efforts to increase coordination • Current care coordination initiatives include: Chronic Case Management, Transitional Case Management, outreach to high-risk patients post discharge, Surgical Navigation Center, and Dosher, Novant, and Columbus clinical affiliation agreements • Restructuring to a SystemCo model will not directly improve NHRMC's ability to achieve clinical transformation. Capabilities remain as status quo. NNew Hanover ( ;I �1 Regional Medical Center Partnership 4-• Respondents have nationally recognized programs for specialized services, including pediatrics, oncology, cardiac and vascular care, which could be linked with NHRMC programs to further advance care available locally. • Integration could facilitate timely and I coordinated transfers 24/7 via transfer center connectivity • 2 -way communication between providers and linked EMR to ensure the coordination of care leaving the service area • Partners offer commitment to grow specialized services and access to clinical trials locally by augmenting and supporting existing capabilities with nationally recognized clinical programs. 11 ■ New Hanover 11 Regional Medical Center Status Quo N/A • NHRMC service area population will not support certain highly -specialized services • NHRMC has no current partnership to ensure patient access and coordination to those highly -specialized services not supported by service area population • Some informal relationships for higher levels of care exist (i.e., pediatric subspecialists from UNC -CH to supplement our providers) 11 - New Hanover 11 Regional Medical Center Systemco N/A • Restructuring to a SystemCo model will not directly impact NHRMC's partnerships for highly -specialized services. Capabilities remain as status quo J NNew Hanover (=j 11 Regional Medical Center ■�� New Hanover 11 New Hanover Partnership �1 Regional Medical Center 11 Regional Medical Center Status Quo Systemco QI Respondents offer demonstrated experience in identifying and achieving synergies through partnership Partners provide comprehensive frameworks' for integration and achieving savings • NHRMC could benefit from cost savings and operational efficiencies through economies of scale. • Partners offer mature corporate service offerings to augment existing back office capabilities. 29 N/A • Status Quo does not introduce new operational and financial synergies. N/A • Restructuring to a SystemCo model is not expected to result in financial performance benefits given (1) there is no new access to corporate services, scale or other operational/shared resources and (2) limitations will remain in term of NHRMC's investment portfolio. Therefore, there are no expected operational and financial synergies resulting from a restructuring. NNew Hanover �1 Regional Medical Center Partnership ■�� New Hanover 11 Regional Medical Center Status Quo �r New Hanover 11 Regional Medical Center SystemCo (0-0 N/A N/A • All potential partners proposed significant • NHRMC's capital capacity at its current • Restructuring to a SystemCo model adds capital commitments to fund all or some of rating level is insufficient to fund the ability to more freely raise capital but does NHRMC's strategic plan. community's needs. not materially change NHRMC's capital • Demonstrated ability to fund capital • NHRMC is limited to using debt capacity capacity or short-term financial positioning at commitments at a lower cost of capital given within New Hanover County while the most its current rating level. SystemCo may be strong balance sheets and highest credit urgent need for more services and access to able to use debt capacity outside the County. rating category medical care is outside the County. • Funding shortfalls could require a tax • Funding shortfalls could require a tax increase for New Hanover County citizens. increase for New Hanover County citizens. 30 !fir New Hanover=1 �1 Regional Medical Center All potential partners proposed significant capital commitments to fund all or some of NHRMC's strategic plan for meeting the healthcare needs of the region. • All potential partners proposed significant financial consideration to New Hanover County. • Combined capital commitment and financial consideration create a transformative opportunity for our community without significant loss of local control. 31 Status Quo does not result in additional financial consideration from outside parties Restructuring to a SystemCo model does not' offer financial consideration NNew Hanover �1 Regional Medical Center ■�� New Hanover 11 Regional Medical Center 1j �r New Hanover 11 Partnership Regional Medical Center Status Quo Systemco -� N/A N/A All potential partners proposed significant capital commitments to fund all or some of NHRMC's strategic plan for meeting the healthcare needs of the region. • All potential partners proposed significant financial consideration to New Hanover County. • Combined capital commitment and financial consideration create a transformative opportunity for our community without significant loss of local control. 31 Status Quo does not result in additional financial consideration from outside parties Restructuring to a SystemCo model does not' offer financial consideration NNew Hanover �1 Regional Medical Center ■�� New Hanover 11 �r New Hanover Partnership + �1 Regional Medical Center 11 Regional Medical Center I Status Quo Systemco QI— O Partners expressed intent to grow NHRMC operations into a larger, regional healthcare system, expanding NHRMC's capabilities to serve as the main tertiary and quaternary care center for the larger region • NHRMC has cultivated strong relationships and partnerships with other acute care providers in the region and has several joint ventures to provide care across the continuum NHRMC would be included in an integrated '-Status quo would continue the Management health system with strong presence in North Carolina • Support for maintaining NHRMC's Management Services Agreement with Pender and other partners in the service area • Flexible approach to unified branding strategy with the anticipation that partner brand will increase brand awareness Partners provide access to clinical, operational, and financial resources to manage healthcare on a regional basis Potential expansion into new geographies to increase size of NHRMC 32 Services Agreement and Clinical Affiliation with Pender Memorial Hospital • NHRMC is constrained in its ability to pursue partnerships outside of New Hanover County, • Restructuring to a SystemCo model may ease limitations on forming partnerships outside New Hanover County, but NHRMC would still be in the same financial position, and would need access to additional capital in order to pursue investments outside the County NNew Hanover ( ;I �1 Regional Medical Center \ i Partnership WWI Proposals range in governance models. Board may be subject to governmental control through County nominations or self- perpetuating subject to partner approval depending upon partner chosen • New board expected to have self governing or other mechanism to ensure adherence to governance best practices (e.g., attendance, education, broad skillsets, diverse representation, etc.) Participation in system level governance through locally held, system level board seats 33 11 ■ New Hanover 11 Regional Medical Center Status Quo 0 11 - New Hanover 11 Regional Medical Center Systemco • Current model does not include a process for,• Depending on the revised agreement with addressing skill -set needs and voids among the NHRMC Board i• Political board member appointment process • Limited ability to self govern and ensure adherence to best practices (e.g., attendance, education, broad skillsets, diverse representation, etc.) the County, restructuring to a SystemCo model might allow the NHRMC Board to appoint, or have more of a voice with respect to the appointments of, at least a few of the NHRMC Board members in order to help address skill -set needs and voids on the NHRMC Board • Political board member appointment process • Limited ability to self govern and ensure adherence to best practices (e.g., attendance, education, broad skillsets, diverse representation, etc.) NNew Hanover �1 Regional Medical Center • Partners offer high level of local control. I• Majority of NHRMC Board members would be local residents • Local NHRMC Board will retain oversight of and fiduciary responsibility for NHRMC, with partner maintaining specified reserved powers • NHRMC will have representation on the system board to help shape overall direction and ensure SENC's needs continue to be advanced. • Participation in system level governance through locally held, system level board seats. 34 • The current model ensures NHRMC's Board '• Control at the local level would continue remains tied to local County Commissioners. following a restructuring to a SystemCo ,• Political board member appointment process model • Political board member appointment process NNew Hanover �1 Regional Medical Center 1j ■�� New Hanover 11 Regional Medical Center �r New Hanover 11 Partnership Regional Medical Center Status Quo Systemco QI • • Partners offer high level of local control. I• Majority of NHRMC Board members would be local residents • Local NHRMC Board will retain oversight of and fiduciary responsibility for NHRMC, with partner maintaining specified reserved powers • NHRMC will have representation on the system board to help shape overall direction and ensure SENC's needs continue to be advanced. • Participation in system level governance through locally held, system level board seats. 34 • The current model ensures NHRMC's Board '• Control at the local level would continue remains tied to local County Commissioners. following a restructuring to a SystemCo ,• Political board member appointment process model • Political board member appointment process NNew Hanover �1 Regional Medical Center ■�� New Hanover �r New Hanover Partnership �1 Regional Medical Center �1 Regional Medical Center Status Quo SystemCo UZI Legal organizational model varies among proposals but all respondents are North Carolina based not for profits 35 0 0 The current model limits, among other things,'- Restructuring to a SystemCo model could (i) investments outside New Hanover potentially ease the limitations on investing County, (ii) borrowing options, (iii) access to outside New Hanover County and borrowing, other capital, (iv) the types of investments and could potentially ease some of the other NHRMC may make with excess cash, (v) limitations ability to scale, and (vi) branding ,• The simple act of restructuring to SystemCo, opportunities however, would not — on its own — address the needs impacted by the current limits, as NHRMC would still be in the same financial position, and would need access to additional capital in order to pursue investments outside the County and to scale, for example. NNew Hanover �1 Regional Medical Center Non Partnership Options Status Quo Restructuring Provides access to people, processes, and technology y x to achieve implementation of strategic needs x Increases NHRMC's capital capacity to fully fund the x strategic plan Retains local governance of NHRMC V V 36 N New Hanover �1 Regional Medical Center A�,�� osin . . . . . . . . . . xy •i.'_ s . [ f• i z ' lw F at 11 h New Hanover - �1 Regional Medical Center Hi.�3Yifsihx 1�r!".4 aft -,< Where we are New Hanover County and New Hanover Regional Medical Center leaders saw a need to explore options based on an assessment of N H RMC's current limitations in meeting the needs of the rapidly growing region. This assessment led to the formation of the Partnership Advisory Group, which has spent several months on a thorough process to explore the needs and options for the future. NNew Hanover �1 Regional Medical Center W We have three paths in front of us: 1 Status Quo Continue what we're doing — but face financial pressures down the road, with fewer options to expand and deliver for our patients and community. 2 Restructure Explore new ways of structuring our operations, but not make a material change in our ability to expand, raise new funds or deliver for our patients and community. 3 Find a Partner Take advantage of an opportunity to bring transformational change to NHRMC and the community through a partnership with a leading health system. Securing a healthier future for you, your children, your grandchildren, andJP the community for years to come Care that helps ensure everyone has a chance to be well Nationally recognized health equity programs working in our communities to identify, target and eliminate disparities 39 N New Hanovele r=j �1 Regional Medical Center `'�,�� F AI I s N New Hanovele r=j �1 Regional Medical Center `'�,�� More care options, when and where you need them The backing to withstand changes and storms Local people choosing the care our neighbors need Economic investment that helps our community thrive A 40 N New Hanover-(, �1 Regional Medical Center �,�� fmm M:i''-'17i:.'�".i:; �Y;e l'">t�t3{�. ' YT'._9=�r�r�L•.,:..��3Q..{,�F�..�...-rr—^�_.�' a�—..: -rte-=�..-_��._,,r=-a—��,.�.a���-7'�rlLr�•®c------ —i -- -- --- --- ----- I —4 — fV7 w .. S -s ._Our=Missionism:n -� -i•�'�C�.1.rc;. .'.`moi ? �. .�. .,n , _. . NHRMC is an indust leader in a ~new- F Leading our community to industry outstanding healthera of healthcare delivery. Our thriving community serves as a national model of achieving excellence for all. 3` r N New Hanover �1 Regional Medical Center �^' Jnr •�`�' , Our:,, h� 1. it V b `fir 1'r ;h'' tt{ �,.° ':,.+'N �x#•� +�y��';!,�,,'c,,,+r : '�r^7' Commitments C � 1& �F�pl': I .,yf ✓r � �A ! 1 , 7tit S'!' � u ,� ��1 n ��lP"11 4� "� '�,��'. l ow 77, Exceptional quality and personal service �tVta51'iV „a � �L wp��tth',�� � Y ���1t�� ,. , s/ f '' �( R, '"�' X�a '� � �y,.. ��p ^•� �� F Q` Health and vitality for all A diverse and extraordinary workforceAj - „,,,, � a✓ � dart+ Transformation through empzoXerment, innovation and inclusivity. 7 ' 11A 440 041 i � jo rti '�iFt, • � � tf✓L r � y.,, �v:� .n6� rr i �1�� r,�iF 1'` ' 7c' �� i� '� ,, . � � w ,�,�tc�,�� 'va 'i�'; �. New Hanover Y ` Regional Medical Center urrtV k n� t,�, t .,T'o't i J x: ':")'ING REMARKS New Hanover 11 Regional Medical Center Thank You 44New Hanover Millie Regional Medical Center