Becker's Healthcare November 6, 2024
Hospital consolidation is accelerating as health systems navigate rising costs, staffing challenges and the need for scale to stay competitive .
The post-COVID landscape has highlighted stark differences between thriving and struggling hospitals, and nearly 40% of facilities are still operating in the red. Large systems with scale and stability seek opportunities to expand responsibly by acquiring distressed facilities and entering markets where other systems are exiting.
The high cost of technology is making consolidation a more practical move, helping larger systems spread expenses, enhance services and improve efficiency across their networks, and many systems see geographic diversification as a long-term benefit in the ongoing consolidation trend.
Here are three health system leaders’ insights on how hospital consolidation...
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