Hospital merger and acquisition activity was down slightly in the first half of 2014, compared with the first half of 2013, according to the latest analysis by Kaufman Hall, an independent management consulting firm.
Of the 43 transactions so far in 2014, 40 involved acquisition of not-for-profit organizations—33 by other not-for-profit organizations and seven by for-profit organizations. The total operating revenue of the acquired organizations was $10 billion. The transactions occurred across a broad range of acute-care segments, including not-for-profit, for-profit, rural, urban, and academic health centers, the firm reported. In the first half of 2013, there were 46 such transactions.
“Mergers and acquisitions continue to be an important method for healthcare organizations to achieve the economies, infrastructure, geographic coverage, and other attributes needed for a value-based delivery system,” Michael Finnerty, managing director of Kaufman Hall, said in a statement.
Grand Prairie, Texas-based Rainbow Children's Clinic was the victim of a ransomware attack on its IT systems in August, affecting more than 33,000 patients, according to multiple news media reports this week.
Healthcare organizations are once again urging U.S. Senate and House leaders to protect the Department of Health and Human Services’ Agency for Healthcare Research and Quality (AHRQ) from more budget cuts for 2017.
Accenture Federal Services (AFS) has announced two pilot demonstrations with the Office of the National Coordinator for Health Information Technology (ONC) to determine how patient-generated health data can be used by care teams and researchers.
Several researchers from the University of Pennsylvania addressed the ethics of behavioral health IT as it relates to “frequent flyer” icons and the potential for implicit bias in an article published in JAMA.