How to Choose Partnership Options, Involvement Levels

When hospitals consider a potential partnership, there are numerous options and levels of involvement — operational, clinical and philosophical — to consider. In an upcoming webinar Jan. 30, Community Hospital Corp. will discuss the potential downsides and upsides of different partnerships.

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Mike Williams, president and CEO of Community Hospital Corp. in Plano, Texas, and Glenn Robinson, CEO of Hillcrest Health System in Waco, Texas, will present on the following topics:

• Market position assessment: Know your market clout; it provides a position of strength when having conversations with potential partners and physicians.
• Finance, profit assessment: The more money you may need, the less control you will have in your local governance.
• Industry transformation: Educate the local board and hospital management about inevitable industry changes such as increased regulatory scrutiny and declining reimbursement rates.
• Clinical services: Understand the hospital’s clinical strengths, areas that can be expanded and what is lacking to appropriately serve area populations.
• Infrastructure: Explore shared infrastructure, the areas where the hospital needs guidance and what the hospital is willing to give up.

The webinar is Jan. 30 from 12 p.m. to 1 p.m. central time. To register for the webinar, click here.

More Articles on Hospital Partnerships:

13 Recent Hospital Mergers & Acquisitions
LSU Board Approves Public-Private Partnerships for 3 Hospitals
Ely-Bloomenson Community Hospital to Pursue Partnership

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