Hospital partnerships don’t have to be mergers
Officials at St. Elizabeth Medical Center and Faxton St. Luke's Healthcare have said they want to get closer. They've even mentioned the "m" word—merger. But there are lots of ways hospitals can get cozy without the full commitment of a full-asset merger. The Utica hospitals already have tried the low-commitment collaboration, in which they work together on certain services, most notably the Mohawk Valley Heart Institute. They simply could expand this kind of partnership. But other options include an affiliation (for those who like their independence), the creation of a parent corporation (for commitment and independence) or a full-asset acquisition (for a dominant partner who wants control).
- Senators Hear How Two-Midnight Rule Harms Patients, Hospitals
- 3 Management Lessons from a Supermarket Debacle
- Medicare Advantage Carriers See 'No Choice' But to Accept Cuts
- Physicians to Appeal 'Docs v. Glocks' Ruling in FL
- IOM Identifies GME Problems, Calls for Finance Changes
- Healthcare Costs Start With What We Eat
- Handshaking Spreads Germs. Get Over It.
- Revenue Cycles Get a Boost from Simple JPEG Files
- Hospitals Likely to Outsource ICD-10 at Launch
- Anatomy of 3 Health System Rebranding Efforts