Many conversations we have with hospital and health system executives about market growth strategies eventually turns to the topic of micro-hospitals — and for good reason. These facilities typically include a small-scale emergency department (ED), low-acuity surgery, and are often comprised of eight to 10 inpatient beds as well as additional observation beds (notably, these […]
The greatest risk for health systems will be to assume that their leading role in health care is an immutable given. The strategic challenge will be to…
“Everyone in the industry is merging. We should be too.” “We’ve always been independent, and we should stay that way.” Independent hospitals continue to merge or affiliate with other hospitals or with health systems. However, independent hospitals still have company. In 2016, the latest year for which information is available, there were about 1,600 independent […]
Challenge/Situation: To assist CRMC in determining if the medical center could remain independent and financially viable, and if not, to identify and evaluate potential affiliates.
It is no surprise that merger and acquisition (M&A) activity is on the minds of healthcare leaders across the country: There were an average of over 100 affiliations of various forms annually among health systems and/or individual hospitals between 2012 and 20171 as healthcare provider sector activity continues at a steady pace. Perhaps more surprisingly, […]
For most hospitals and health systems, orthopedic services are a major contributor to the bottom line and indirectly support many other critical acute care services. Demand for orthopedic services is increasing—but so is competition among providers. To protect orthopedic share and margin in this environment, it will be essential for health systems and hospitals to […]
When health system leaders are asked how they intend to make their ambulatory networks more consumer friendly, many point to their organization’s new one-stop ambulatory care center, on-line scheduling, patient portal or upcoming telehealth plans. In other words, they refer to specific tactics or initiatives rather than describing an overarching strategy for consumer engagement. […]
Newton’s first law of motion states, in part, that a body in motion will remain in motion at the same velocity and direction unless acted on by an external force. Organizations tend to behave in the same manner. The advent of new leadership provides a moment of opportunity when a new CEO can set […]
In today’s healthcare environment, convenient access to ambulatory services is more important than ever before. In part due to the introduction of value-based payment models that reward providers for lowering the total cost of care for patients, inpatient volumes in many markets have been flat or declining for several years. Success under value-based payment […]
There has been tremendous growth in freestanding emergency departments (FSEDs), with a more than 100% increase in the number of such EDs between 2008 and 2016. The popularity of FSEDs is rooted in their potential to increase community access to vital healthcare resources. Consumers perceive them as having more extensive clinical capabilities than an urgent […]
