Bloomington, Minn.-based Twin Cities Orthopedics and Waconia, Minn.-based Ridgeview have partnered to open the Orthopedic Institute on Ridgeview's Chaska (Minn.) Campus.
The value-based partnership is the first-of-its-kind orthopedic-focused expansion for the hospital, according to a Nov. 15 press release sent to Becker's.
To house the Orthopedic Institute, a fifth floor was added to the medical center and the fourth floor was renovated to expand clinical and support services for the facility.
A total of 54,000 additional square feet was added between the two floors.
"There continues to be that focus on transitioning care into the ASC setting. The orthopedic specialty hospital partnership with Ridgeview is a value-based partnership. It adds another option for expanding our already successful value-based program, providing more concierge care. People want that convenient specialty care, and we're looking to add it however we can," TCO's Chief Operating Officer Janet Benton told Becker's.