Webinar to Explore Future of Acute Care Hospitals

A Moody's Investors Service Healthcare Report noted hospital partnerships, affiliations, mergers and acquisitions will continue in 2021, extending the consolidation trend in both the not-for-profit and for-profit sectors. COVID-19 has taken a toll on smaller hospitals, which want to partner to gain access to clinical and financial resources and reduce supply and information technology expenses. What does this prediction mean for administrators and governing board members contemplating future strategies?

To provide up-to-date information on the healthcare market, MHA Endorsed Business Partner Juniper Advisory is offering a free webinar titled The Future of Acute Care Hospitals. Rex Burgdorfer, Juniper’s managing director, will outline examples of large-scale consolidation designed to optimize clinical services, population health capabilities and operational scale, ways neighboring hospitals are working together to improve efficiency in serving the same communities, and integrated affiliation structures that stop just short of an acquisition or consolidation. In addition, Helen Johnson, FACHE, president of Sparrow Eaton Hospital, will share her perspective on system integration.

The webinar will take place from 11:30 a.m. to 12:30 p.m. May 20. Chief executive and financial officers, health plan and network administrators, population health and clinical care services directors, and governing board members are encouraged to attend. The webinar is free to MHA members, but registration is required. Members with questions should contact Erin Steward at the MHA.

The Future of Acute Care Hospital is Focus of Webinar

In the initial months of the pandemic, the lack of a coordinated federal response stressed the nation’s healthcare delivery system. Market fragmentation was visible as hospitals dealt with staff and supply shortages and operating at capacity amid financial uncertainty. As surging COVID-19 cases diminished, it became clear that all but the most acute care was shifting out of the hospital setting. Therefore, hospital leaders and boards need to consider some new inpatient and outpatient strategies for the next several months.

To assist hospitals in developing these strategies, MHA Endorsed Business Partner Juniper Advisory is offering a free webinar titled The Future of Acute Care Hospitals. Rex Burgdorfer, Juniper’s managing director, will outline examples of large-scale consolidation designed to optimize clinical services, population health capabilities and operational scale, ways neighboring hospitals are working together to improve efficiency in serving the same communities, and integrated affiliation structures that stop just short of an acquisition or consolidation.

The webinar will take place from 11:30 a.m. to 12:30 p.m. May 20. Chief executive and financial officers, health plan and network administrators, population health and clinical care services directors, and governing board members are encouraged to attend. The webinar is free to MHA members, but registration is required. Members with questions should contact Erin Steward at the MHA.

New Guide to Hospital Partnerships Available to MHA Members

MHA Endorsed Business Partner Juniper Advisory has released a book providing a start-to-finish look at what it takes to create a successful hospital partnership. The book, “A Healthcare Leader’s Guide to Successful Mergers & Acquisitions,” includes articles from Juniper and leading partners in the healthcare field about partnership evaluations, transaction structures, legal considerations, communications and more. The book may be downloaded at no cost.

For more information about Juniper and its extensive work in Michigan, contact Rex Burgdorfer at Juniper Advisory. Much of the company’s work involves executive-level strategy advisory, including board retreats and educational sessions.

MHA-member work with the association’s Endorsed Business Partners supports the MHA and its member services. Questions regarding the MHA Endorsed Business Partner Program should be directed to Peter Schonfeld at the MHA.

MHA Service Corporation Board Discusses COVID-19 Resources and Response

The MHA Service Corporation (MHASC) convened a meeting of its board of directors June 24 to assess programs and services to support key initiatives in the 2019-2020 MHA Action Plan. Much of the meeting was dedicated to a discussion of the COVID-19 pandemic. The MHASC continues to focus resources during the COVID-19 response to assist members with unemployment, data analysis, workplace violence education, financial recovery, staffing, emergency preparedness activities and leveraging/expanding business partner relationships. The board discussed potential resources to address MHA priorities in the 2020-2021 program year, including national COVID-19 business partnerships, telehealth and multistate opportunities.

The board received a report from Juniper Advisory outlining the financial strain resulting from the pandemic and how it changed the merger and acquisition landscape, existing and emerging competitors growing rapidly in the telemedicine and ambulatory settings, and whether partnering with these disrupters should be contemplated. Juniper Advisory is an MHA endorsed business partner providing experienced and dedicated strategic advice to healthcare organizations and other multiproduct financial service companies.

The MHASC board welcomed David Leonard, chief legal officer, Spectrum Health, as a newly appointed board member with a term ending in 2021, which was approved by the MHA Board of Trustees at its last meeting. It also reappointed Brett Furst, founder and CEO, Foresight Ventures, and Dennis Smith, chief operating officer, Dickinson County Healthcare System, to terms expiring in 2023.

The MHASC provides critical support to the MHA in the form of nondues revenue through its Endorsed Business Partner program, Data Services, and Unemployment Compensation Program. Visit the MHA Business Services webpage to learn more about options available. Questions regarding the MHASC board should be directed to Peter Schonfeld at the MHA.