A new committee designed to inform University of Minnesota administrators about changing practices in health care met for the first time at last week’s Board of Regents meeting.
The Academic Health Committee discussed the University’s relationship with Fairview Health Services, specifically in terms of the recent integration of the University, University Physicians and Fairview.
The integration, which the Regents approved in May, combines the organizations’ operational practices and finances without actually merging them.
The agreement came after Fairview declined in April to consider a proposed merger with the University.
At this month’s meeting, a presentation to the committee said the relationship between Fairview and the University “continues to evolve.”
Regents chair Richard Beeson previously said the committee will not be looking at merger acquisitions.
As part of the five-year integration agreement, the University’s Medical School will receive an additional $7 million annually for the first two years, $8 million for the second two and $10 million for the fifth year. Provided the agreement is renewed, it will receive $10 million for the following five years.
The committee will meet twice more this academic year, in May and December.