Acute care EHR buying remains high according to KLAS Research's recent report that evaluates acute care EHR market share. And with hospital mergers and acquisitions also on the rise, we expect continued EHR acquisition, implementation, and conversion activity well into 2025. Ripping and replacing an #EHR is a major strategy decision that can impact your hospital or health system for decades to come. Savvy #ITleaders must have a thorough understanding of existing systems’ gaps and optimization possibilities before taking the plunge. Our advice? Don’t take any major system change lightly….including your EHR. https://lnkd.in/g-N-rC4K ------------------------- #e4health #EmpoweringBetterHealth #Healthcare #HealthIT
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🏥💻 Tendo completed its acquisition of MDsave, reshaping the #healthcare experience for patients and providers alike. To learn how this merger creates a unified platform for seamless healthcare management, read more at https://buff.ly/47YVNDh
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5 Steps to Retain Ownership for Mid-Size Healthcare Organizations - HIT Consultant #Summary: This extractive summarization focuses on a blog post titled "5 Steps to Retain Ownership for Mid-Size Healthcare Organizations" from HIT Consultant. The post provides guidance for mid-size healthcare organizations to resist mergers and acquisitions (M&A) and retain their independence. The summary includes all headings from the blog post and uses specific hashtags related to each heading. The target audience is healthcare IT professionals. #Headings and Inline Hashtags: 1. Introduction: Mid-Size Healthcare Organizations and M&A Resistance #HealthcareOrganizations #MergersAndAcquisitions 2. Step 1: Assess Your Current Position #Assessment 3. Step 2: Define Your Strategic Vision #StrategicVision 4. Step 3 ai.mediformatica.com #health #this #healthcare #hospital #acquisitions #hospitals #medical #community #medicalgroup #mergersandacquisitions #news #sridharyerramreddy #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/3QykZcH)
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Founder of Law Offices of Scott Glovsky | Skilled trial attorney | Insurance Bad Faith, Catastrophic Personal Injury, Sexual Abuse, Healthcare Litigation
Consolidation of #hospitals means many patients pay more for hospital care. In the past 20 years, there were about 1,000 mergers among around 5,000 hospitals. And similar to private equity healthcare purchases, consolidation often leads to higher prices with little or negative change in the quality of care. #healthcare #medicalcosts
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A new survey of Q-Centrix hospital partners found nearly nine in 10 respondents who experienced a merger and acquisition said it changed how their facility manages its clinical data. Our latest white paper shares additional survey findings, plus leaders at Carle Health System and Corewell Health offer insights on prioritizing healthcare data integration while navigating M&As. https://bit.ly/3sGyZsI #MergersAndAcquisitions #ClinicalDataManagement
Prioritizing healthcare data integration during mergers and acquisitions
https://www.q-centrix.com
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Quality leader helping health care providers transform their clinical data that will impact patient care, drive better clinical outcomes and hopefully financially as well.
A survey of Q-Centrix hospital partners found nearly nine in 10 respondents who experienced a merger and acquisition said it changed how their facility manages its clinical data. Download our white paper for new insights on prioritizing healthcare data integration while navigating M&As: https://bit.ly/4bTDcez
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Hospital merger activity is set to surge in 2024 as the healthcare landscape continues to evolve. • Announced hospital deals spiked by over 50% through the third quarter, marking 53 proposed transactions compared to 35 last year. • Financial distress drove nearly 40% of the 18 proposed hospital deals in the third quarter. • Regional and cross-state mergers, like the creation of Charlotte-based Advocate Health and Kaiser Permanente's pending acquisition of Geisinger Health, along with primary care companies' growth, are fueling discussions among stakeholders. However, hospital consolidation is facing increased scrutiny from state attorney generals, which could potentially delay or deter health system combinations. Take a look at this article for more insights: https://lnkd.in/gfn5wUBz #HospitalMergers #HealthcareIndustry #HealthSystem #MergersAndAcquisitions #HealthcareTrends #ModernHealthcare
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I read with interest today about the merger being formalized between BJC Healthcare and Kansas City-based Saint Luke's Health System. The merger is a wise business decision. Candidly, the only strategy health systems have right now to work to control costs is the potential economies of scale that come with merging two organizations into one. Unfortunately, the merger, even if it does find economies of scale, does not address the fundamental issues facing healthcare today: rising healthcare costs, care team burnout, improved patient outcomes, and the fact that fewer people are entering the field of healthcare. Hospitals and clinics within the newly merged entity will continue business as usual. Corporately, the organization will seek incremental strategies to address the issues I outlined above, and they'll make some progress over time. But our healthcare system needs more than incremental change. It requires an entirely new way of thinking about the process. It needs a strategy where the payers and providers work together, not as adversaries. That is the only way we can lower costs, which will provide the breathing room to solve the other issues. A fundamental US healthcare fact is that health systems make money when people are sick, and health insurers make money when people are healthy. We need both entities to make money when people stay healthy. https://lnkd.in/dwNS9fzb
St. Luke's in Kansas City completes merger with St. Louis-based BJC Healthcare
kcur.org
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Our studies agree with much of what is pointed out around both vertical and horizontal consolidation .Practice , billing, referral and admitting practices often change as do shifts in site of service. On the other side we have seen instances where weaker health systems improve their capacity, capabilities and quality once they are acquired and integrated. There are a series of complex short and long term analyses and considerations , along with context, that should be considered for each instance .One size does not fit all.
Fascinating read from BenefitsPRO on how healthcare system consolidation harms consumers and how regulators are struggling to handle the continued M&A activity. https://okt.to/TSIUm7 #HealthCareCosts #healthsystems #Acquisition #DemandBetter
Where hospital mergers go, exorbitant medical bills follow | BenefitsPRO
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Fascinating read from BenefitsPRO on how healthcare system consolidation harms consumers and how regulators are struggling to handle the continued M&A activity. https://okt.to/TSIUm7 #HealthCareCosts #healthsystems #Acquisition #DemandBetter
Where hospital mergers go, exorbitant medical bills follow | BenefitsPRO
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Mergers and Acquisitions remain a reality for hospitals and health systems... 🤝 Sometimes, they are part of a long-term strategic plan. 🤝 Other times, it is more a matter of survival for a struggling hospital. Regardless, the actual transition can be challenging and carries with it the potential for financial strain and loss.
"Hospital and health system merger and acquisition activity increased 27% year over year in 2023, and 2024 is already off to a busy start." 🏥 Mergers and Acquisitions are extremely complex but they are realities of the current healthcare landscape. 🏥 We have partnered and continue to partner with hospitals that are going through the M&A process to help minimize financial leakage and maximize long-term stability. SpendMend #darkdata #healthcareleadership #hospitals #costcyclemanagement #supplychain #purchasedservices #mergersandacquisitions https://lnkd.in/ezuPHsDp
A flurry of health system M&A deals to start 2024
beckershospitalreview.com
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