Trends Reshaping Healthcare:
Mergers & Acquisitions
Consolidation has become the norm in healthcare.
According to the Healthcare Finance Management Association, hospital mergers have increased 15% each year since 2013, with a record $50 billion of these transactions in 2018. Health systems merge to scale hospital operations, reduce costs, and improve care delivery. But every merger brings with it more complexity, risk, and compliance challenges. With all the blockbuster deals taking place, more regulatory oversight is inevitable. This makes it more important than ever for merging health systems to centralize, standardize, and optimize all their business obligations, ensuring contract assets are positioned for success starting on day one.
M&A Drives Better Margins, Better Care.
Bringing healthcare organizations together benefits health systems and patients.
Mergers or acquisitions can scale clinical, financial, and administrative processes. On the clinical side, these deals expand provider networks and allow organizations to create more effective strategies for managing patients along the continuum of care. On the financial side, a merger gives health systems access to more resources to expand services or make new technology, staffing, or capital investments. On the administrative side, systems can develop shared service models that eliminate waste and generate more efficiency, creating better supply chain and revenue cycle management that leads to cost savings and improved care delivery.
The Blueprint for M&A Success.
TractManager’s solutions meet all the needs of healthcare organizations, from contract and provider management to strategic sourcing.
A successful merger or acquisition requires a shared vision that involves bringing together people, processes, and technology. With this level of change management, though, many organizations require outside help to drive organizational transformation.
At TractManager, we understand all the challenges health systems face before, during, and after a merger or acquisition. Our contract lifecycle management, strategic sourcing, and provider management solutions ensure organizations have the right tools and support necessary to execute their new vision. Taken together, these solutions enable merging organizations to pinpoint compliance risks, identify cost redundancies, and minimize disruptions to their revenue stream. The result? Smarter decisions that lead to better, more cost-effective care.
Measure It to Manage It: Beginning the Journey to Hospital Financial Wellness
The financial health of your healthcare organization needs to be your top priority. Analyze clinical, financial, and operational data to uncover opportunities to improve your processes, systems, and bottom line.