At the HLTH conference last week, MedCity News' editorial team interviewed 11 health leaders from a variety of organizations to get a sense of which areas within healthcare will see consolidation over the next 12 months.
Endless digital health solutions have emerged over the last few years. But eventually, they'll have to consolidate — and that's part of the cycle, investors said during a panel discussion on Sunday.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
As macroeconomic forces continue to negatively impact the healthcare sector, health tech experts predict that 2023 will be another slow year for the IPO market. However, they think consolidation deals will continue to be a constant, according to a new report.
About 73% of health insurance markets are highly concentrated, and in 46% of markets, one insurer had a share of 50% or more, a new report from the American Medical Association shows. The report comes a few months after President Joe Biden directed federal agencies to ramp up oversight of healthcare consolidation.
Independent physician practices are being gobbled up by hospitals, payers and private equity, and while some see it as a boon for the practices and industry as a whole, others believe it will raise costs and block access to care.
President Joe Biden's new executive order aimed at reducing anti-competitive behavior across industries includes directing federal agencies to revise guidelines for hospital mergers, enable people to comparison shop health plans on the ACA marketplaces and work with states to import drugs from Canada.
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
Though there has been a slew of failed merger plans in recent months, providers' interest in consolidation has not ebbed. Midwest-based Beaumont Health and Spectrum Health announced they are exploring a merger, as did Rush Health Systems and Ochsner Health, which are located in the South.
M&A activity in the healthcare finance technology is heating up, evidenced by large transactions such as Cedar buying OODA Health and R1 RCM buying VisitPay. Experts agree that this activity won't end anytime soon, and it will have a positive impact on providers and patients.
As a result of rapid consolidation, the 10 biggest health systems controlled 24% of market share based on patient revenue by 2018. The trend is expected to continue through the next decade, with health systems facing growing financial pressures and an increase in demand for new types of care delivery.
If the merger is approved, the combined health system would operate 70 hospitals and employ 89,000 people. Intermountain CEO Dr. Marc Harrison would lead the new system, estimated to generate about $15 billion in annual revenue.
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
The combined company will retain the Datica name and is headquartered in Minneapolis. Sansoro Health CEO Jeremy Pierotti will take on the chief executive role of the new company and former Datica CEO Travis Good will move to the position of chief technology officer.
In a Definitive Healthcare survey of more than 1,000 healthcare leaders, industry consolidation earned 25.2 percent of the votes and the title of the top healthcare trend in 2019.
McDermott Will & Emery partner Kristian Werling is co-chair of the firm’s robust Life Sciences practice. According to Krist, McDermott’s Life Sciences group has “all the tools in the toolkit to help life science entrepreneurs, growth-stage companies and large global companies achieve their patient-centered mission. Hearing patients, helping heal patients and everything in between.” About […]
Health insurance companies are right to think that there is some magic that can happen when the relationships between payers and providers are rationalized. However, it is far from clear that what is good for the conglomerate is good for the patient.
As large hospital systems like Sutter Health, Stanford Medicine and UCSF Medical Center gobble up doctor practices, they gain market muscle that pushes costs upward. But how are those higher costs being distributed?