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May 06, 2015 3:12 AM ET

Healthcare Providers and Services

Company Overview of Allina Health System, Inc.

Company Overview

Allina Health System, Inc., a health care system, operates clinics, hospitals, specialty care centers, and pharmacies in Minnesota and western Wisconsin. The company offers specialty medical services, including hospice care, oxygen and home medical equipment, and ambulance and emergency medical transportation services. It also provides advance care planning, patient care at home, and chronic and advanced illness treatment services, as well as sells and rents medical supplies and equipment. The company serves individuals, families, and communities. Allina Health System, Inc. was founded in 1994 and is based in Minneapolis, Minnesota.

The Commons at Midtown Exchange

2925 Chicago Avenue

Minneapolis, MN 55407

United States

Founded in 1994

Phone:

612-262-5000

Fax:

612-863-5667

Key Executives for Allina Health System, Inc.

Chief Executive Officer and President
System Vice President and President of Abbott Northwestern Hospital
System Vice President and President of United Hospital
President of Owatonna Hospital
System Vice President and President of Mercy Hospital
Compensation as of Fiscal Year 2014.

Allina Health System, Inc. Key Developments

Allina Health System, Inc. Announces Executive Changes

Allina Health Announced that Chief Executive Officer Kenneth H. Paulus will retire from his post at the end of 2014. Penny Wheeler, MD, President and Chief Clinical Officer of Allina Health, has been appointed the organization's next CEO.

Allina Health to Cut an Undisclosed Number of Jobs; Duncan Gallagher to Leave as Chief Financial Officer At the End of the Year

Allina Health will cut an undisclosed number of jobs as it tries to trim $100 million in expenses. The company did not detail how many or what types of positions will be impacted, saying details are still being worked out. The company also announced hiring plans for 2015 will help offset losses. The company's workforce has already shrunk by more than 1,600 employees since May. In a move that may not be related to the cuts, Chief Financial Officer Duncan Gallagher will leave at the end of the year.

MedAssets Inc. and Allina Health Expand Partnership for New Payment Methodologies

MedAssets, Inc. has announced that Allina Health has expanded its relationship with the company to better align hospital and physician reimbursement strategies across the care continuum. Plans call for the Minneapolis-based system to extend use of MedAssets Contract and Episode Management Solutions into outpatient settings in a proactive move to prepare for accountable care organization delivery models and new payment methodologies that encompass, in one payment, the services from pre-acute, acute and follow-up care providers. The Patient Protection and Affordable Care Act includes several payment reform initiatives that encourage physician-hospital integration, including ACOs, wherein all providers hospitals, medical groups and independent physician practices assume shared financial responsibility for both the cost and quality of a defined patient outcome. The goal of Allina Health's initiative is to incorporate insight from both hospital and professional claims gained from MedAssets contract modeling tools into its payor contract negotiations.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 20, 2014
Allina Health System, Inc., Nasseff Specialty Center in Downtown St. Paul
 

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