dismiss

Our Clean Sweep Live Auction is coming up fast! Next Tuesday, September 26th at 9:30AM EST

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
SEARCH
Current Location:
>
> This Story


Log in or Register to rate this News Story
Forward Printable StoryPrint Comment

 

More Future Of...

The future of radiation therapy: Integrated MR guidance Insights from Joel Goldwein, senior vice president of medical affairs at Elekta

The future of medical device parts and service Chris Nowak, corporate director of Healthcare Technology Management at the UHS of Delaware, on the importance of investing in the right personnel

The future of breast density Tracy Accardi, vice president, global research and development, breast and skeletal health solutions at Hologic, on how artificial intelligence could be a game-changer for density interpretation

The Future of nuclear medicine: Driving value in expanded clinical use Kees Wesdorp and Kirill Shalyaev examine the ways scientific breakthroughs translate into lives — and money — saved

The future of imaging equipment service contracts Donal Teahan, senior director of practice development in the radiology department at NYU Langone Medical Center, discusses 'uptime contracts'

See All Future Of...  

More Voices

IAMERS European Meeting The Jacobus Report

Q&A with Brian Kavanagh ASTRO president Find out what to expect at this year's meeting and what plans are in place for the coming year

AHIMA, Information governance: An asset in the value-based care model Insights from Ann Meehan, RHIA, director of information governance at AHIMA IGAdvisors

Why data rules in the age of value-based health care Richard A. Royer, CEO of Primaris, on why financial success requires dedication to quality improvement

U.S. health care's image in the EU? The Jacobus Report

Access to proton therapy must improve for head and neck cancer patients Insights from Dr. Curtis Bryant, assistant professor of radiation oncology at the University of Florida

Monte Dube on the future of hospital mergers

by Lauren Dubinsky , Senior Reporter
From the May 2014 issue of DOTmed HealthCare Business News magazine

A wave of hospital mergers splashed across the U.S. in the 1990s and now, in a new era of health care reform, that wave has returned. Hospital merger and acquisition deals have increased from 199 in 2007 to 260 in 2013, according to Frost & Sullivan.

Changes in reimbursement incentives at the government and private payer level coupled with the quest to cut costs are spurring this interest from hospitals to consolidate.

Story Continues Below Advertisement

Connecting Vitals Acquisition at the Point of Care

Vital signs acquisition happens countless times a day, but disconnected processes and devices for gathering measurements leave a lot of room for improvement. See how a connected ecosystem helps improve accuracy and efficiency. Click to learn more>



“We’re going from volume to value and population health and it is rare, in my experience, [to see] a hospital in the U.S. who isn’t talking to another hospital or health system as we speak,” says Monte Dube, partner and head of the Chicago health care practice at the law firm Proskauer Rose LLP.

Dube sat down with DOTmed Health- Care Business News to discuss what lies ahead for hospitals.


From wave to tsunami
There’s no question that these mergers will persist and even accelerate in the next few years, says Dube. “I’ve been doing hospital consolidations for 30 years and I would say that the current pace and the likely future pace are unparalleled,” he says.

In mid-March, Northwestern Memorial HealthCare and Cadence Health announced that they were pursuing a merger, which would create one of the largest health systems in Chicago.

Cadence is far from a struggling system but they believe that joining a larger system, that’s also an academic medical center, will best-serve and sustain their mission into the future, says Dube.

But that’s not every hospital’s reason for merging. “I would contrast that with a lot of hospitals, which are struggling or who look around the corner and don’t believe that remaining a freestanding independent community hospital is a recipe for success,” says Dube. “I think that the pace is going to maintain and frankly, increase in the next five years.”


Concerns and controversy
There has been concern for some time that the Federal Trade Commission and U.S. Department of Justice have not been challenging the mergers enough. But that’s beginning to change with greater antitrust enforcement.
  Pages: 1 - 2 >>

Related:


You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2017 DOTmed.com, Inc.
ALL RIGHTS RESERVED