Northwell Health Invests in People, Robotics, and Infrastructure
Healthcare systems across the country are investing in core service lines, digital technology and data, and infrastructure. Northwell Health is investing in people, robotics, hospitals, and other areas to ensure they stay competitive in their region.
Northwell Invests in Primary Care and Alternative Medical Education Models
Northwell has been investing in their people, analytics, and primary care to help reduce turnover and the cost of care. Due to the intense competition for primary care physicians, Northwell is exploring different models of medical education, such as the European model, which is shorter than traditional medical school and residency programs. Additionally, there is an increased reliance on Nurse Practitioners and Physician Assistants to bridge the gap in primary care.
Kevin McDonough Discusses Diversification and M&A Activity in the Healthcare Industry
Kevin McDonough, a managing director with Vmg Health, discussed where health systems are investing and pursuing M&A activity. He spoke about systems looking to diversify in areas that have greater growth potential than traditional acute care, as well as how they can partner with other companies to expand services such as home health or ambulatory surgery. He also mentioned that many systems got excited about venture capital several years ago, but the ecosystem has since exploded.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to events@beckershealthcare.com
This panel was live on 04/03/2023 at the event listed here.
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