Trend: Merging Healthcare Systems on the Rise
More and more hospitals throughout the nation are merging, which could likely create giant hospitals systems, according to analysts.
The Affordable Care Act, along with a few other powerful forces, has prompted this trend, according to the New York Times. One consulting firm, Booz & Company, predicts that within the next five to seven years, 1,000 out of the nation’s roughly 5,000 hospitals could seek out mergers.
Hospitals can benefit from combining, as it can reduce costs in billing and devote more financial resources to investing in electronic medical records systems. However, federal regulators have voiced concerns that the mergers could lead to anticompetitive practices.
If you appreciated this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Leading in Turbulent Times: Effective Campus Public Safety Leadership for the 21st Century
This new webcast will discuss how campus public safety leaders can effectively incorporate Clery Act, Title IX, customer service, “helicopter” parents, emergency notification, town-gown relationships, brand management, Greek Life, student recruitment, faculty, and more into their roles and develop the necessary skills to successfully lead their departments. Register today to attend this free webcast!
