Officials within TJ Regional Health and its subsidiaries T.J. Samson Community Hospital and TJ Health Partners met with the Glasgow Daily Times on Thursday to discuss the structure of the corporation, its non-profit hospital and its for-profit physician group, and how it all works together.
TJ Regional Health, a non-profit corporation, and TJ Health Partners, a for-profit limited liability company, both filed with the Kentucky Secretary of State in November of 2010, and they became active on Jan. 1, 2011. T.J. Samson and Health Partners are sister organizations underneath TJ Regional Health.
With the creation of TJ Regional Health, hospital CEO Bill Kindred also became CEO of the parent corporation. Tony Sudduth, chief financial officer and chief operating officer of T.J. Samson, became CEO of Health Partners. The hospital board of directors became the board for TJ Regional. Sudduth holds the only executive position at Health Partners, but there is a practice administrator for Partners that oversees the physicians. Marketing, public relations, business development, human resources and accounting are TJ Regional departments that do operations for both T.J. Samson and Health Partners. Financial results for the hospital and Partners are tracked separately, according to Sudduth.
TJ Regional Health was created as a vehicle to manage Health Partners outside the hospital, Sudduth said, and it provided a corporate structure in which to potentially expand into other healthcare business operations in the future.
For the full story, read the Weekender print or e-Edition of the Glasgow Daily Times.