Motivating and retaining employees, reimbursement and new payment models, and developing integrated networks. These are just some of the challenges today’s hospitals face. Becker’s Hospital Review spoke with an expert about how hospitals are staying competitive in an era of consolidation.
“A billion dollars won’t make you competitive with the most prestigious healthcare organizations. They have intangible assets you can’t buy.”
Consolidation in healthcare is rampant, as hospitals and health systems make deals to help ensure their success in a shifting healthcare environment. As an owner and co-founder of Healthcare Transaction Advisors — a national healthcare-focused M&A advisory services firm — Nicholas A. Newsad knows the ins and outs of business deals between physicians, hospitals and other types of healthcare organizations, as he and his business partner Kyle Tormoehlen have been involved in more than 600 of them. Mr. Newsad along with Mr. Tormoehlen are also the authors of a new book that shares their observations during those hundreds of deals and shares the “linchpins” that are holding the American healthcare system together.
