Below is a brief recap of the main topics discussed in the article. Click Here to read the entire piece on Becker’s Hospital Review, a leading source of cutting-edge business and legal information for healthcare industry leaders.
IDN M&As and policy management integration
The changing healthcare landscape brought by the Affordable Care Act and other factors has recently stimulated considerable merger and acquisition (M&A) activity.
As IDNs and chains of hospitals come together, there is a clear need to address the issues of policy management in the very processes of the mergers as well as for the future of the newly formed entities.
Through observation and direct involvement in a number of such scenarios, it is apparent that careful attention to the management of policies, procedures, and protocols with an eye toward possible standardization is an absolutely essential component of successful M&As.
However, at the same time, multiple case studies indicate that no “one size fits all” solution exists for every M&A process. By considering a number of examples we can see that while some sort of modern policy management system usually seems necessary, a range of options exists as to how it might be deployed.
Key topics included in the article:
- M&As make the need for policy management clear
- To standardize or not to standardize
- The trend toward flexible, hybrid solutions
Don’t miss: Case studies of the culture of policy management during M&As:
- Case 1: Encouraging But Not Requiring Standardization
- Case 2: A Gradual Multi-year Roll-Out
- Case 3: Overcoming Staff Resistance
Intrigued? Click Here for the whole article.
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