Community hospitals face pressures from economic uncertainty, healthcare reform, and the growing uninsured population. This can force some hospitals to consider partnerships for resources and survival. Community Hospital Corporation (CHC) helps hospital boards assess whether a partnership makes sense and what type through consulting. CHC first examines a hospital's finances and operations to identify cost-saving options or the need for a partnership. Partnership types range from affiliations that maintain independence to mergers or acquisitions that involve ceding control. CHC guides hospitals through finding suitable partners that provide needed resources while maintaining shared mission and culture.
SIP report on Recruitment and SelectionAnant Vijay
Hello everyone, my self Anant Vijay and I am from Kota(RAJ), and i am a student of MBA 2nd year with specialization in HR, and i am sharing my SIP report on Recruitment and Selection of Datt Engineering and Fabrication, I hope you like it and it may use full to you, Thank You.
Punjab National Bank Ratio Analysis and company AnalysisPraveen Reddy
Company review session on Punjab National Bank for Ratio Analysis on the company.This will be helpful to analyse the financials of the company and gibes benefits as learning in ratio analysis
SIP report on Recruitment and SelectionAnant Vijay
Hello everyone, my self Anant Vijay and I am from Kota(RAJ), and i am a student of MBA 2nd year with specialization in HR, and i am sharing my SIP report on Recruitment and Selection of Datt Engineering and Fabrication, I hope you like it and it may use full to you, Thank You.
Punjab National Bank Ratio Analysis and company AnalysisPraveen Reddy
Company review session on Punjab National Bank for Ratio Analysis on the company.This will be helpful to analyse the financials of the company and gibes benefits as learning in ratio analysis
A STUDY TO REDUCE EMPLOYEE ATTRITION IN IT INDUSTRIESIAEME Publication
The research project entitled ‘Reduction of Employee Attrition’ is an attempt to understand the opinion and attitudes of the various categories of employees of IT sector towards the reduction of employee attrition in the organisations. Employee attrition is a serious issue, especially in today’s knowledge-driven marketplace where employees are the most important human capital assets, attrition directly or indirectly impacts on organization’s competitive advantage.
100 marks topics for banking and insurance projectsbanking-insurance
Complete topics for 100 marks project for banking and insurance
http://www.managementparadise.com/forums/banking-insurance-final-100-marks-projects/16283-topics-100-marks-project-banking-insurance.html
A STUDY TO REDUCE EMPLOYEE ATTRITION IN IT INDUSTRIESIAEME Publication
The research project entitled ‘Reduction of Employee Attrition’ is an attempt to understand the opinion and attitudes of the various categories of employees of IT sector towards the reduction of employee attrition in the organisations. Employee attrition is a serious issue, especially in today’s knowledge-driven marketplace where employees are the most important human capital assets, attrition directly or indirectly impacts on organization’s competitive advantage.
100 marks topics for banking and insurance projectsbanking-insurance
Complete topics for 100 marks project for banking and insurance
http://www.managementparadise.com/forums/banking-insurance-final-100-marks-projects/16283-topics-100-marks-project-banking-insurance.html
Critical issues in hospital and health system m&a fall 2014Rex James Burgdorfer
Since the enactment of the Affordable Care Act, the pace of hospital and health system consolidation has accelerated to a level not seen since the late 1990s, when hospitals were reacting to the formation of HMOs. The year 2013 saw a total of 87 consolidation transactions, following 105 in 2012. This volume represents a significant increase over 58, the median number of transactions completed each year between 2001 and 2011. Unlike the last wave of consolidation, which was driven primarily by financial and reimbursement considerations, today’s hospital mergers are just as likely to be between financially strong partners as they are to be in response to challenged operations or economics. Hospital companies increasingly are turning to mergers and acquisitions as a tool to improve quality, manage risk, access capital and contend with the changing regulatory environment. The articles in this collection explore the drivers of the current wave of consolidation, address the causes of transaction failures and review the range of structural alternatives available in the marketplace.
How to Manage Population Health Effectively in Accountable Care OrganizationsPhytel
The Affordable Care Act authorized a Medicare shared-savings program for accountable care organizations, and private payers are also contracting with ACOs. To succeed, ACOs must learn how to manage population health effectively.
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Exploring Hospital-Physician Business Relationships: What Trustees Need to Knowjhdgroup
This monograph discusses the key role of the health care organization governing board in working with physicians to frame the value exchange between both parties in the context of the organization’s mission, goals and market position. Our findings and recommendations address:• Guiding organizations in moving beyond transactional relationships• Specific opportunities for hospital/physician collaboration• Building an infrastructure to enable collaboration
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As bottom lines shrink, payors and providers are beginning to see convergence, or vertical integration, as the path to growth, Panelists from Johns Hopkins Institutions, Buchanan Ingersoll & Rooney PC and Grant Thornton LLP share their experience.
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This document for communities and hospitals contains examples of successful partnerships, information about new models of care, and tips for making the case to hospitals for funding and support for population health work.
Running Head HEALTH CARE MARKETING ORGANIZATIONHEALTH CARE MAR.docxcowinhelen
Running Head: HEALTH CARE MARKETING ORGANIZATION
HEALTH CARE MARKETING ORGANIZATION
Healthcare Marketing Organization
Dakota Lupton
Southern New Hampshire University
09/02/2016
Health Care Marketing Organization
Health care organizations are meant to provide good health services to the public and ensure that the public's health status is good. Healthcare Corporation of America is one of those institutions that are aimed at improving the health situation of the residents of United States of America. HCA started back in the year 1968 by Dr. Thomas Frist, and it is located in Nashville. The organizations own some hospitals and other health care facilities that are run by professionals. HCA has been a place where most patients who need surgery go to since it is known for the services that it provides (Lorsch & Young, 1990).
Mission, Vision, and Goals
The organizations have its mission and vision and goals that are the driving force for the organization's success. HCA's mission is that they are committed to improving the life and also to care, and this is what enables them to provide high-quality and cost-efficient services to the community that they serve. The goal of HCA is to transform healthcare and help the communities thrive. HCA offers one of the best health care services regarding the surgery and the treatment that the patients receive from the organization. Apart from improving the health of the community HCA has also contributed to the society by donating some money to ensure that the community also benefits from the organization.
Existing Issue in the organization
HCA owns many hospitals and surgery centers which are to ensure that the residents receive excellent and affordable services. The group has experienced some challenges where the patients have complained that they are not being treated as they deserve. The organization has also been forced to pay some money owing to experiences of whistleblowing. The team has been accused of fraud as the party involved could not explain where HCA got its funding from.
Service Price and Placement in the Market
HCA was ranked number seventy-nine among the many healthcare organizations due to its best services. The agency profits from the services it offers and it also has shares that sustain the team. HCA has used its professionals to partner with some business groups to ensure that they provide health care services that are affordable to the residents. These institutions that have partnered with HCA has enabled the health care to grow and provide care to the nearby communities and thus improved the health of the nearby residents.
Cause of the challenge facing HCA
The challenge that HCA has faced is making the outsiders know that their money they get and use to provide excellent healthcare services is clean money. Outsiders believe that the organizations have obtained finances illegally from the residents and the government institutions, and this has caused HCA to ...
Running Head HEALTH CARE MARKETING ORGANIZATIONHEALTH CARE MAR.docx
Partnership Case Study
1. SOLUTIONS
The Situation
CHCCommunity Hospital Corporation
Healthcare organizations today face unprecedented pressures. Sustained economic
uncertainty, healthcare reform, the growing number of uninsured individuals and other
forces are causing smaller, community-based hospitals in particular to consider the pros
and cons of forming a relationship with a larger institution.
In some cases, there is no choice — surrendering independence in exchange for resources
is necessary for survival. But sometimes there are means by which a hospital can preserve
its independence while securing its footing, not just for the time being but for the foreseeable
future. This is where Community Hospital Corporation (CHC) can help. CHC through its
consulting division Community Hospital Consulting Inc., works with hospital boards to
assess whether a relationship with another institution makes sense, and if so, what type.
(over)
“Hospitals need to take stock
before seeking out partners to
identify their own strengths and
where resources and support may
be needed.”
~ Mike Williams,
President and Chief Executive Officer,
Community Hospital Corporation
Pondering a Partnership?
Community hospitals evaluate relationships as a pathway to financial vitality
The Solution
In some cases, hospitals aren’t in the best of health when they turn to CHC for guidance. But no mat-
ter the state of the hospital, CHC first checks all its vitals, so to speak, and then conducts a thorough
examination of the organization’s cost structure and operations.
“Hospitals need to look at the reasons for their financial challenges, and how things might look five
years from now,” says Mike Williams, CHC’s president and CEO.
Sometimes, cost-saving opportunities are identified that empower the hospital to adjust accordingly
and maintain total independence. Other times, a hospital can transfer management responsibilities
while maintaining its independence. And then there are times when partnering with another entity is
desirable or inevitable. In each of these cases,
CHC provides guidance to ensure the best pos-
sible outcome.
Even when a partnership is the recommended
path of pursuit, there are different types of part-
nership arrangement options available, short of
total acquisition. Generally speaking,
“The more money you want the other organiza-
tion to risk on your behalf, the less power and
control you get to keep,” explains Williams.
2. Community Hospital Corporation
5801 Tennyson Parkway, Suite 550, Plano, Texas 75024
Phone: 972/943.6435 Fax: 972/943.6401
www.communityhospitalcorp.com
“Hospitals need to look at the
reasonsfortheirfinancialchallenges,
and how things might look five years
from now.”
~ Mike Williams,
President and Chief Executive Officer,
Community Hospital Corporation
An affiliation agreement transfers neither risk
nor governance: The smaller organization main-
tains control, and should it fail, the larger or-
ganization does not take a hit. The benefit to
smaller hospitals of such an agreement is that
it allows them to leverage the larger organiza-
tion’s purchasing power and use its resources
and physicians.
A merger of equals occurs when the parties
combine assets to form a new company. This
type of partnership tends to work when both parties perceive that each will be made stronger by
coming together. Mergers also take place that afford a lesser ownership stake, such as 20 percent,
to the party that brings less to the partnership.
Sometimes finding a buyer vs. a partner is the only option. Acquisitions involve selling all assets and
ceding all control to the buyer, who gets to decide which services will be offered, discontinued or
downsized.
The Process
When partnering is the wisest course of action, CHC guides hospital boards through the process of
finding suitable prospects and preparing them to negotiate the relationship to their best advantage.
CHC also helps hospitals determine which resources are needed to ensure long-term success. A debt-
saddled hospital might need a partner to take on its debt, for example, or an aging hospital may need
guaranteed capital for facility upgrades.
At the same time, a hospital should identify and address which factors will attract or turn off prospective
partners before approaching prospects or distributing a request for proposal (RFP).
Then, CHC assists the hospital in finding a partner that is not only willing and able to provide the
needed resources but also has a shared mission and compatible culture. The goal is to bring about
the proverbial win-win situation, or at the very least to make sure community-based hospitals stay in
the game.
CHC owns, manages and consults with community-based hospitals. For more information
about our services, call David Domingue, FACHE, Director of Sales at 972.943.6451.