Nason Hospital CEO: Despite Fiscal Health, Staying Independent "Not an Option"
Altoona Mirror report.
Since August 2012, Nason Hospital and Altoona (Pa.) Regional Health System have been engaged in affiliation talks to create a new regional healthcare system. Altoona Regional is also pursuing a merger with University of Pittsburgh Medical Center, meaning Nason Hospital could eventually become an affiliate of UPMC as well.
Mr. Hoover told the Altoona Mirror that his small community hospital cannot handle the upcoming challenges of bundled payments, accountable care organizations and other payment innovations on its own and needs the resources and "economies of scale" that larger health systems can bring.
More Articles on Hospital Transactions:
© Copyright ASC COMMUNICATIONS 2015. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New from Becker's Hospital Review