Consolidation in the field of healthcare continues unabated, and hospital mergers continue to present interesting challenges for those responsible for hospital workforce management. One of the most prevalent of these challenges is the consolidation of float pools as two hospitals merge into one. Here’s a breakdown of the challenge and some information on what can be done to mitigate the issue.
Jul 5, 2017 4:46:38 PM
Jun 9, 2017 10:38:50 AM
In 2015 and 2016, the healthcare industry saw an unprecedented spike in mergers and acquisitions. With ever-tightening profit margins, healthcare companies are consolidating to gain greater economies of scale and increase purchasing power. So far this year, the record-breaking trend has continued with high profile mergers between large organizations like Baptist Memorial Healthcare and Mississippi Baptist Health, which merged to create one of the county’s largest nonprofits. Cardinal Health bought Medtronic’s Patient Care, Deep Vein Thrombosis and nutritional insufficiency businesses for $2.1 billion. OptumCare acquired Surgical Care Affiliates for an eye-popping $2.3 billion. While all this healthcare M&A activity may be good for the bottom line, it also opens the door to risks that could put these savings and efficiencies at considerable risk.