Mergers, Acquisitions, or Strategic Partnerships in Healthcare

Mergers and Acquisitions
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Mergers and Acquisitions
What are your thoughts on hospitals (or healthcare systems) going through mergers, acquisitions, or strategic partnerships?
Hospitals going through mergers and acquisitions or strategic partnerships is an acceptable and sought-after aspect that presents various benefits to these healthcare institutions. Trends indicate that this aspect allows them to save a significant proportion of their money on products such as supply chain, information technology, back-office overhead, pharmaceutics, lab operations, and physical plant management, among other things. Other benefits of mergers and acquisitions comprise the storage and delivery of medical goods under a single system, including reduced rates on more significant purchases and the ability to save a substantial amount on administrative costs. Furthermore, information technology costs demonstrate why going through these processes presents unprecedented opportunities because hospitals benefit from advancements that would have taken significantly longer to achieve. Training on Electronic Health Records (EHRs) such as Cerner and Epic and the mechanis...