Not only are hospital and health system acquisitions and mergers on the rise, but the value of those deals is increasing as well. The average size of a seller by revenue has grown nearly 14 percent annually since 2008, reaching a new high of $409 million in 2018. iv With these major deals, many organizations are expanding into new markets and significantly altering their clinical and operational demands.
Technology solutions are a significant investment, particularly for a health system network or growing healthcare organization. During merger and acquisition activity, it can be cost-prohibitive to implement a new framework with each major organizational change. Rather, focus on establishing a strong IT foundation that offers scalable architecture to accommodate change such as adding or removing a facility from the system.
Similarly, smaller hospitals face unique challenges and tighter budgets. A technology solution that offers cost-effective options without sacrificing scalability is a smart investment. These flexible solutions should grow and respond to change while reducing the server footprint. The right data collection and analysis resources then measure and compare key performance indicators as staff levels fluctuate, providing a consistent stream of metrics and insight to support decision making.
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