Understanding the cost impact of healthcare consolidation
Posição atual:
> This Story

Início de uma sessão ou Registo to rate this News Story
Forward Printable StoryPrint Comment




More Magazine Features

A look back at the remarkable career of Ed Sloan Sr. Celebrating the life and career of the original parts vendor

The value of ISOs in an era of personalization and consolidation The unique value proposition of high quality third-party service

What to look for in an OEM service contract Communication the unique needs of your facility is key to getting the right coverage

The road ahead for breast density awareness It's been a good year for advocacy, here's what happens next

OB/GYN ultrasound: is the field ready to adopt new technology in the market? What do new capabilities mean for creatures of habit?

See All Magazine Features  

Business Affairs Homepage

Philips execs knew of alleged 2010 bribes in Brazil but did not act: Reuters report Whistleblower claims he warned company and was fired 'without cause'

Is Apple health team seeing some discontent? CNBC reports high rate of departures and 'tension' among members

Siemens to acquire Corindus Vascular Robotics in $1.1 billion deal Royal currently has a 12.8 percent stake in Corindus

Health Catalyst IPO — The Signify View The industry analysts share their perspective on the announcement

RadNet acquires Nulogix, opens new AI division Will develop applications for image interpretation

Carestream completes sale of IT business to Philips in most countries Now part of Philips in 26 of 38 countries where it operates

Siemens rises above $4 billion in revenue in third quarter Revenue rose by 5.8 percent compared to last year

Siemens diagnostics president to step down, new board member appointed CEO Bernd Montag will assume responsibility of the business unit

Four tips to creating greater efficiencies in your imaging department Insights from the data obtained by Definitive Healthcare

Hospital M&A revenue rose to $11.3 billion in Q2 this year Atrium Health acquiring Wake Forest Baptist Health was most notable

Understanding the cost impact of healthcare consolidation

por John R. Fischer , Staff Reporter
From the August 2018 issue of DOTmed HealthCare Business News magazine

In the last eight years, Randal Walker has held three different positions at three separate independent service organizations (ISOs). Appointed vice president of sales at Genesis Medical Imaging in 2011, the Tucson, Arizona resident found himself VP of CT and MR at BC Technical less than two years later, following its acquisition of Genesis. Fast-forward to 2018, and his title is now senior VP of imaging equipment sales at Alpha Source Group, a position he has held since the acquisition of BC Technical by Alpha Source last November.
Story Continues Below Advertisement

Servicing GE/Siemens Nuclear Medicine equipment with OEM trained engineers

Numed, a well established company in business since 1975 provides a wide range of service options including time & material service, PM only contracts, full service contracts, labor only contracts & system relocation. Call 800 96 Numed for more info.

For Walker, the impact of healthcare industry consolidation may be more personal than it is for others, but it’s plain to anyone that the trend is continuing to accelerate in the face of greater emphases on value-based care, changing regulations and declining reimbursements. These changes have forced a wide range of healthcare stakeholders – from providers to payers to servicers – to pool together their resources in waves of mergers and acquisitions in the hopes of expanding their portfolios to remain competitive.

Randy Walker
“I think everyone believes there is a solution in this space, and that they are smarter than the last guy,” Walker told HCB News. “They think there are more ways to make money, so they are looking to acquire as large as they can to exploit the areas they think they can drive some costs savings and ultimately, some profits. It’s been tried a lot. Very few people have been successful at it.”

But in the effort to save more cash and expand expertise, the question of patient welfare has come into play, with many figures throughout the healthcare community questioning whether or not mergers and acquisitions (M&A) activity truly brings about lower healthcare costs or simply creates monopolies with the freedom to set their own prices.

When costs change, services should change too
The primary reason for any merger or acquisition is to expand one’s customer base, offerings, and value in order to make a higher profit. One way that M&A activity helps enterprises achieve these objectives is by combining skill sets that expand their portfolios and enable them to streamline and simplify aspects of their operations such as their supply line.
  Pages: 1 - 2 - 3 - 4 >>

Business Affairs Homepage

You Must Be Logged In To Post A Comment