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HELP WHERE HOSPITALS NEED IT ®

Community Hospital Blog

February 2013
CHC webinar recap: Evaluating partnership opportunities

A Jan. 30 Becker’s Hospital Review webinar presented by Mike Williams, president and CEO of Community Hospital Corporation (CHC), offered best practices and a case study for community hospitals looking for a partner. 2012 saw the most merger and acquisition activity among hospitals in two decades, Williams said, and the trend is expected to continue in 2013 as many community hospitals — faced with healthcare reform, decreasing reimbursements and other challenges — acknowledge the need for some type of partner.

 

The case study presented by Glenn Robinson, CEO of Hillcrest Health System in Waco, Texas, demonstrated how Hillcrest Baptist Medical Center saw significant improvements —including the strongest financial year in its history — after partnering with Scott & White, with guidance from CHC.

 

When considering a partnership, community hospitals first must assess their needs and potential gains in seven key areas:

  • Community need
  • Clinical service breadth
  • Physician alignment
  • Revenue
  • Managed care leverage
  • Compatibility of purpose or mission
  • Reputation

Read the entire Becker’s Hospital Review article here.

 

Download a recording of the presentation here.

 

Download the PDF version of the presentation here.

Tags: Hospital Board Advisory, Independence, Partnership, Strategic Direction

CHC in the Spotlight