Strategic and economic factors in the hospital conversion process.
Cost containment and managed care pressures are driving hospitals to consolidate. Affiliation proposals from not-for-profit and for-profit partners will offer fundamentally different solutions to governance and economic issues. A clear definition of goals; an open, conflict-free proposal process; and a good understanding of value are the key ingredients of a successful transaction and regulatory approval, especially in an environment of heightened political interest in conversions.
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D003159:Community-Institutional Relations; D016265:Conflict of Interest; D003363:Cost Control; D003659:Decision Making, Organizational; D005377:Financial Management, Hospital; D006273:Health Facility Merger / Q000191:economics / Q000458:organization & administration*; D006275:Health Facility Planning / Q000191:economics / Q000458:organization & administration*; D006754:Hospital Restructuring / Q000458:organization & administration; D006777:Hospitals, Proprietary / Q000191:economics / Q000458:organization & administration; D006788:Hospitals, Voluntary / Q000191:economics* / Q000458:organization & administration; D017146:Models, Organizational; D009935:Organizational Affiliation; D010067:Ownership / Q000191:economics*; D014481:United States