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.

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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