Ascension Aims for a Smaller Footprint, Citing Changing Healthcare Landscape

Ascension Aims for a Smaller Footprint, Citing Changing Healthcare Landscape

Lower reimbursements, regulatory challenges, and increased competition are among the factors moving Ascension to reduce its “footprint,” according to a new article in Modern Healthcare.  CEO Anthony Tersigni told employees that the company would be restructured from its current model as a hospital system “to one that’s focused on outpatient care and telemedicine.” Ascension saw revenues drop 27% last year compared with 2016 (though nonoperating income increased by $1.31 billion). It’s noteworthy that inpatient and …

Read More
How Urgent Care Cultivates Competition in Healthcare

How Urgent Care Cultivates Competition in Healthcare

Urgent message: U.S. healthcare has been a monolith of inefficiency, limited access, and untenable costs for decades, due mainly to a lack of healthy competition. Today’s healthcare landscape, however, spurred by converging market forces, is rapidly evolving into a competitive marketplace, with urgent care being one of the key catalysts for this welcomed and long overdue change. Alan A. Ayers, MBA, MAcc is Vice President of Strategic Initiatives for Practice Velocity, LLC and is Practice …

Read More