Strategic shifts in anesthesia amid healthcare consolidation
The healthcare sector is consolidating rapidly, and one of the hottest segments is anesthesia consolidation. These consolidations are not only changing the way that anesthesia practices function, but also the way that hospitals and surgical centers are securing dependable anesthesia services. Through consolidation, anesthesia groups can extend their geographic coverage, leverage administrative services and increase their panache in negotiation with payers.
Financial stability and operating efficiency often lead to mergers between anesthesia practices in many states. Higher costs, more regulations, and bigger caseloads are driving independent practices toward consolidation to assure both survival and growth. Merged entities also can better afford the investment in new technologies, including electronic health records, anesthesia information management systems and more sophisticated patient monitoring devices.
Anesthesia mergers are driven by other significant factors as well, and one of them is the move towards value-based care. Access to care providers who are board-certified in anesthesia is in demand by systems that are interested in efficiencies, safety, and reducing the cost of care. Large groups are frequently better prepared to meet these goals because of standardized protocols, quality improvement projects, and more resources for training and education.
By the end of the day, the anesthesia mergers represent the tip of an integration iceberg, one that’s forming in some healthcare segments and already has grown in others. Although the process of consolidation involves the difficulties that come with cultural alignment and business process reengineering, it also has the potential to bring better service and long-term viability. On a human level, these mergers are literally changing the future of perioperative care for providers and patients.
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