Pondering a Partnership? Community hospitals evaluate relationships as a pathway to financial vitality
Healthcare organizations today face unprecedented pressures. Sustained economic uncertainty, healthcare reform, 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 — surrendering independence in exchange for resources is necessary for survival. But sometimes there are means by which a hospital can preserve its independence while securing its footing, not just for the time being but for the foreseeable future. Community...