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Healthcare M&A Activity Elevates The Importance Of Provider Data Management

As seen in Health IT Outcomes: Written by Scott Friesen

Following a record year of healthcare mergers and acquisitions (M&A), there are no signs of a slowdown. In fact, according to data compiled by Bloomberg, in the first quarter of this year, M&A activity reached a record $156 billion. Philadelphia-based Einstein Healthcare Network and Jefferson Health announced their intent to merge. Meanwhile Grand Rapids-based Spectrum Health, one of Michigan’s largest not-for-profit health systems, and Lakeland Health, a three-hospital system based in St. Joseph, signed a letter of intent to merge. These are just two of many M&A examples.

While hospitals and health systems have gotten better at post-M&A integration throughout the years, one area continues to be overlooked — provider data management (PDM). When provider contracting and data management are not factored into M&A integration plans, hospitals and health systems put themselves in a costly financial position…
 
 
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Health IT Outcomes is the original producer of this publication.
 
 

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