Pondering a Partnership? Community hospitals evaluate relationships as a pathway to financial vitality
Healthcare organizations today face unprecedented pressures. Economic uncertainty, the COVID-19 pandemic, the growing number of uninsured individuals and other forces cause smaller, community-based hospitals in particular to consider the pros and cons of forming a relationship with a larger institution.
In some cases, there is no choice — outside resources are necessary for sustainability. Community Hospital Corporation (CHC) provides help where hospitals need it. CHC through its management and consulting arm, CHC Consulting, works with hospital boards to assess whether a relationship with another institution makes sense,...