IS ANYONE GOING IT ALONE ANYMORE? CHALLENGES IN COORDINATING CARE IN TODAY'S HEALTHCARE ENVIRONMENT | Prominence
IS ANYONE GOING IT ALONE ANYMORE? CHALLENGES IN COORDINATING CARE IN TODAY’S HEALTHCARE ENVIRONMENT03/01/2015
AnalyticsCultureData GovernanceDeploymentEpic ServicesEventsRevenue Cycle All posts

Building fencesThe picture on the right is of my son “working” with the fence piece we were moving last summer. It takes a lot of work to move some fence, more than I’d realized.

Leveling a fence is also a multiple-person job. Fences are wobbly, and it’s hard to get a stable reading on a wobbly thing.

What’s this have to do with healthcare? Well, it’s all about collaboration. According to recent healthcare trends, working together to coordinate care seems to be primarily via the forced collaboration born from mergers and acquisitions. At least that’s the claim reported in this article by the New York Times. If you ask the FTC, the answer seems to be that, even if that is the best way to collaborate, it’s not an option.

This article focuses on the merger/acquisition trends, and certainly, we’re noticing that more and more. But healthcare organizations are under a lot of pressure from a lot of different places, all impacting how hospitals and physician groups do their business. It’s easy to make bold statements; the challenges are real and continue to challenge the industry. For example:

At Prominence, we’ve worked with organizations seeking collaboration both as part of strategic partnership without changes to the business entities and as part of a merger or acquisition. And we know that there are challenges to success with any complex path you take. At the end of the day, regardless of the pros and cons inherent in working together, our goal is always to improve care and outcomes for patients.

We’re interested in looking more deeply at the challenges and the outcomes of acquisitions and mergers, as well as the ways organizations have overcome their challenges with collaboration, so we’ll revisit this topic in future posts.

Recent Posts
Large healthcare organizations often struggle to provide the right data to the right users at the right time. This results in decisions being made wi…
We here at Prominence Advisors are dedicated to giving back to our community. Driven by our mission to create a healthier tomorrow, we’re committed t…
The BI world is rife with featureful, visually stunning, and well-marketed solutions designed to automate and simplify business intelligence. So why …
Cloud computing was nascent just 15 years ago. Now, it is a top priority due to the cloud being more cost-effective, more powerful, more reliably ava…
Unified payor and EHR data are creating game-changing insights for organizations focusing on value-based care. Unlocking this value and benefits can …
© 2023 Prominence Advisors, Inc, All Rights Reserved