Assess the wisdom of strategic affiliation
In this rapidly changing health care environment, your organization may find that the best way to remain financially viable and most effectively meet your community’s health care needs is to enter into an affiliation with a compatible organization. Or, you may find just the opposite, realizing that you can best meet local needs by remaining a stand-alone or independent hospital. Boards play a critical role in identifying the need for affiliating, evaluating and selecting a partner, and ensuring the partnership realizes its strategic objectives.
Resources for Strategic Affiliation
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Click on the video thumbnail at the top of the document to watch the video and answer the discussion questions about The Board’s Role in Mergers & Acquisition.
Financial pressure is causing many hospitals to consider some form of affiliation with another organization that can bring financial strength and resources to help them achieve their mission and vision. In order to determine the alternative that best suits a hospital, it is imperative for the hospital’s governing leadership to take a long-term view, and…
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