Strategies for Independent Community Hospitals to Remain Viable: Forging Alliances to Remain Independent
For some hospitals looking to remain independent and to compete with more consolidated hospitals and health systems in their markets, community hospital networks are an answer to the challenges of new economic and operational realities of value-based purchasing and population health management.
Not all community hospitals are interested in being acquired or taken over by a better-resourced health system or capital partner. One strategy that some community hospitals have begun to pursue over past few years is to form a regional or state-wide network of value-based hospitals and other providers to share the cost of developing the risk, care, disease, and utilization management infrastructure necessary to create the risk-bearing and coordinated health system of the future — and remain viable as independent community hospitals.
During this session, we will discuss:
- Why and where community hospital networks are forming
- A case study on Value Care Alliance, a seven hospital network in Connecticut
- Key structural, regulatory, and process considerations in forming and operating community hospital alliances
- Business opportunities for insurance products, group purchasing, and shared services
- Lessons learned about unique challenges and pathways to success in this endeavor
Speakers
- Patrick Charmel, President, Value Care Alliance and Griffin Hospital
- Nellie O’Gara, Principal, HES Advisors
- Michael L. Blau, Partner and Industry Teams Chair, Foley & Lardner, LLP
Foley & Lardner LLP will apply for CLE credit after the program, wherever applicable. Foley & Lardner LLP certifies that this activity has been approved for California MCLE credits by the State Bar of California in the amount of 1.5 General credits. Foley & Lardner LLP is a State Bar of California MCLE approved provider. Please note that participants must log in to both the teleconference and Adobe Connect portions on the date of the event; credit may not be obtained by viewing and/or listening to a program recording after the event.
