Russell Medical has entered into a management agreement with UAB Health System.
The 81-bed hospital in Alexander City has been a strategic affiliate of UAB for several years, participating in cancer and telemedicine networks, along with outreach in a number of medical specialties including cardiovascular care, urology and surgery.
Russell Medical joins other facilities that are managed by UAB including Medical West, Baptist Health Montgomery, John Paul Jones, LV Stabler and Bryan W. Whitfield hospitals.
“Russell Medical and the UAB Health System have a lot to offer each other,” says Will Ferniany, CEO of UAB Health System. “Both parties bring strengths and assets that will improve health care in the Lake Martin region.”
The UAB Health System will have representation on Russell Medical’s board of directors and will work with the directors and existing management team. Under the agreement, UAB Health System will assist in many of the business aspects of hospital operations, including supply chain logistics, revenue cycle management and compliance issues. UAB also will help with recruiting physicians and staff.
“We have a long history with UAB that has served this hospital and the residents of Alexander City and the surrounding area well,” says Jim Peace, CEO of Russell Medical. “The new management agreement only strengthens that relationship and will help ensure RM continues to deliver the exceptional medical care that our community expects.”
Russell Medical will continue to be owned by its parent company, Medical Park Inc., and staff will be employed by RM, with no anticipated changes in benefits or salaries. Currently the facility employs approximately 520 with 53 active staff physicians covering 27 medical specialties.
