Partnerships health systems are exploring ‘for the first time’

Becker's Healthcare September 12, 2024
Alan Condon

Health system leaders face mounting challenges that require bold, innovative strategies to ensure long-term financial sustainability and operational efficiency. Rising costs, workforce shortages and payer challenges are reshaping how hospitals operate, with many rethinking traditional partnerships, tackling revenue cycle complexities and exploring new M&A models.

Consolidation and geographic diversification

Consolidation is not a new trend for hospitals, but the number of deals being announced or completed is on the rise after a brief decline during the pandemic.

“The trend of hospital consolidation will continue, and we’re likely to see it on a larger scale now,” Robert Broermann, CFO of Norfolk, Va.-based Sentara Health, told Becker’s. “Hospitals and health systems need to grow to stay healthy, but there’s a shrinking...

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