Monday, December 13, 2010

The Year in Review 2010–Hospitals

Gary Levin M.D.

    A billboard commissioned by Hudson Valley, New York activists.

 

The last half and quarter of 2010 unveiled an explosion of mergers and acquisitions in the hospital industry. This is also occurring in the health insurance sector. 

Hospitals  have reacted to the Affordable Care Act, and the prospects of Accountable Care Organizations (ACO) with a flurry of activity to increase their size for multiple reasons. A major factor is the enormous investment of capital and human resources to obtain and implement HIT as mandated by ONCHIT and HITECH. The magnitude of the investment for HIT can only be well served by a larger organization.  Even large systems feel the threat of being unable to manage this aspect of technology.

In rather typical fashion the government by it’s action to reduce health expenditures and increase cost effectiveness and better outcomes has guaranteed further health care cost increases.

21 Recent Hospital and Health System Transactions

Health reform sparks hospital merger madness

by Anne Law, December 10th, 2010, Friday.

 

Aetna Acquires Medicity

Community Health Bids for Tenet

PeaceHealth to Merge with Southwest Washington Health System

Newton Memorial Hospital Merger with Atlantic Health System

Mega merger: CHI, Jewish Hospital and U of L in talks to create new regional system

Illinois' Loyola University Health Considers Merger

Shamokin hospital to merge with Geisinger

 

Jewish Hospital and St. Mary’s Health Care

 

This sector of the Year In Review is just part of the 2010 Health Train Year in Review.

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