Verity Health System enjoys the dedication of several thousand employees, physicians and other members of our medical staffs, our System Board of Directors and community Board members, and supporters who are proud to carry on a long history of serving diverse communities as a regional health system in California.
Comprised of four hospitals in Northern California and two in Southern California and our Verity Physician Network and Verity Medical Foundation, our health system partners with our community physicians to provide quality, compassionate care to our patients and their family members. Together we are Verity Health.
Verity Health System was created in a transaction approved by California Attorney General Kamala Harris and completed in December 2015. BlueMountain Capital Management, LLC, committed to facilitating the investment of more than $250 million of capital into the management and operation of Verity’s hospitals and medical foundation, thus assuring the communities served by the hospitals an opportunity to continue to pursue their missions.
In July 2017, Dr. Patrick Soon-Shiong announced that NantWorks, LLC, had acquired a majority stake in Integrity Healthcare, LLC, Verity Health System’s management company, creating a unique opportunity for collaboration to make Verity Health a leader in innovative healthcare delivery, including personalized patient-centered healthcare solutions for every individual. The same month, Dr. Soon-Shiong became interim Chief Executive Officer of Verity Health, succeeding Andrei Soran who took the helm in April 2016 and Mitchell R. Creem, Verity’s first CEO.
The Verity Health System team is committed to the goal of revitalizing the hospitals with compassionate, quality care. Already, System and hospital leaders are collaborating to cultivate new and enhanced relationships with physicians, build new clinical programs, implement business development and marketing strategies, negotiate new managed care contracts, make strategic capital investments, and undertake facilities improvements.
At the same time, improvements in all financial operations – including labor management, revenue cycle management and purchasing practices — is well under way to ensure wise stewardship of available resources.
Our ultimate goal is to position the Verity hospitals to serve their communities for generations to come, to engage their workforces in meaningful ways and to align professional staff in those efforts. Verity recognizes, however, that transformational change like this does not come easily or quickly. It requires strong, sustained effort over time.
Governance and Support
Verity Health System is governed by an independent Verity Health System Board of Directors. It is a non-profit, non-religious health care system with 1,650 inpatient beds, six active emergency rooms and a host of medical specialties. The System’s hospitals remain committed to providing community benefit through a variety of community-based outreach programs and wellness activities. Each hospital is governed by a local Board of Directors, with important oversight in place by the Local Governing Board and the Verity Health System Board of Directors.
The Verity hospitals benefit from a range of philanthropic gifts generously given in support of their caring mission to each hospital’s foundation. The philanthropic foundations are led by community leaders serving on each foundation’s Board of Trustees.
The employees and physicians of Verity Health System are proud to carry on a long history of serving diverse communities as a regional health system in California. With four hospitals in Northern California and two in Southern California, Verity partners with our community physicians to provide quality, compassionate care to our patients and their family members.
Before coming under the leadership of Verity Health System in December 2015, the hospitals and medical foundation were led by the Daughters of Charity. The Daughters began their healthcare mission in California in 1858 with the opening of Los Angeles Infirmary, now known as St. Vincent Medical Center. The Daughters ministered to ill, poverty-stricken individuals for more than 150 years. The Daughters of Charity Health System was formed in 2002.
In recent years, however, operating losses plagued the hospital system due to mounting labor costs, low reimbursement rates and the ever-changing healthcare landscape. In July 2015, the Daughters of Charity Health System Board of Directors selected BlueMountain Capital Management LLC, a private investment firm, to recapitalize its operations and transition leadership of the hospital system to the new Verity Health System.
In the transaction approved by California Attorney General Kamala Harris and announced in December 2015, BlueMountain will contribute more than $250 million of capital to the management and operation of the six California hospitals and medical foundation, thus assuring the communities served by the hospitals a continuance of care.
Today, Verity Health System seeks to build upon the rich legacy left by the Daughters of Charity Health System through a transformation of our health care practices. That work includes a focus on more efficient delivery of quality health care and an enhanced alignment with our physician partners.
With more than 8,000 employees and physicians, the System is governed by the independent Verity Health System Board of Directors. It is a non-profit, non-religious health care system with 1,650 inpatient beds, six active emergency rooms and a host of medical specialties, committed to providing community benefit through a variety of community-based outreach programs and wellness activities. In addition, the Verity hospitals benefit from a range of philanthropic gifts generously given in support of their caring mission.
The word “verity” refers to the state of being true. For all of us associated with Verity Health System, that means we will be authentic in our interactions with our patients, their family members and with each other. We choose to align ourselves with the following values, aspiring to live into these values each day so that they may guide our actions.
We demonstrate that we value others and ourselves through our words and actions.
We provide our patients and their families with compassionate, quality care, treating them and each other with kindness.
We act with honesty and transparency and do the right thing.
We are dedicated to making a difference in the health of our communities and in the lives of those we serve.
We are committed to being wise stewards of our resources, creative in our approach to challenges and opportunities, and accountable for the results we want to achieve as a charitable organization.