Hospitalogy

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Curious how AI, PE, and payer-provider strategies are reshaping healthcare? Join us at Medallion’s virtual Elevate conference, where you’ll hear from leaders at VillageMD, Clover Health, and more, diving into these very questions. 🗓️ Wednesday, October 30th | 9 AM - 4 PM PST Connect, learn, and swap insights on the industry’s most critical topics. And hey, you could even walk away with $2,000 for attending. Register now! https://lnkd.in/gEJxAfkS

If you've missed my recent Hospitalogy emails and announcements, I recently revamped my community offering - including better benefits and a tighter focus around health system and provider organization strategy. I'm looking to grow a community of great, intellectually curious folks working in health system strategy, corporate development and similar functions.   If that's you and you're a VP or Director working at a health system or provider organization, you will get a ton of value out of the community as the content, fireside chats, and conversations all revolve around the latest developments specifically curated and created by yours truly! Recent content includes: • Strategy and financial breakdowns of various health systems • What for-profit health systems are thinking about • The latest happenings in PE-backed PPMs • State of the ASC space • Interesting partnerships & emerging trends (AI scribes, ICHRA, virtual front door care delivery in health systems)   It's free to apply to and check out - and only pay if you want to (though it's a great value!). Apply to join here! https://lnkd.in/gqbbVq_W

Ascension had a crazy 2024. Between a cybersecurity event and a years-long effort to right-size their care delivery portfolio, the $26B nonprofit is redefining itself in late 2024 and entering 2025. Here's a summary of recent moves Ascension has made: 1. August 2024: Sold 3 hospitals and associated footprint to MyMichigan Health, exiting northern Michigan market. 2. July 2024: Sold 9 hospitals and associated footprint to Prime Healthcare, Prime’s largest acquisition to-date and reflecting Ascension’s further retreat from Chicago/Illinois market. 3. June 2024: Sold St. Vincent’s Health System in Alabama to UAB for ~$450M. 4. June 2024: Ascension Personalized Care (its ACA plan) exited Texas 5. May 2024: Ascension experiences system-wide cybersecurity incident. 6. March 2024: Sold certain Ascension Health senior care assets to Villa Investment Partners 7. February 2024: Transitioned Ascension Pittsburg to Mercy 8. February 2024: Transitioned Our Lady of Lourdes Memorial Hospital to The Guthrie Clinic 9. December 2023: Formed JV with Lifepoint Health to jointly own Highpoint Health System consisting of 3 hospitals & assets in Tennessee. 10. November 2023: Divested its 50% stake in Network Health to Froedtert Health giving Froedtert full ownership 11. October 2023: Formed a joint venture with Henry Ford Health System and contributed all Ascension southeast and mid Michigan hospitals to the JV. Ascension gets ownership % in HFHS. 12. October 2023: Sold Providence Hospital in Alabama to the University of South Alabama Health Care Authority. Why do these moves matter? A big theme of 2024 is market density, and portfolio realignment. We've seen Tenet sell hospitals to an extreme degree, and Ascension is right there with 'em with some rapid exits from the Michigan and Illinois/Chicago markets.   Not included above is Ascensions unwinding of its Amita Health JOA. It has been a long journey for Ascension. In fact the nonprofit probably would have swung from a $3B loss to profitable this year (including investment returns) had it not been for the May cybersecurity event stunting volume growth at a pivotal time.   If the signal isn't clear, it should be - these markets are unattractive, and Ascension didn't have the right assets, market share, or strategy to continue sustainable operations. Therefore remaining players either are firmly entrenched and/or have an uphill battle against poor market demographics and strong payor presence.

Last call for anyone who wants to join my virtual event TODAY at 11 CT! • Register here: https://lu.ma/1pybjvuo Here's a sneak peek of some of the slides and topics:

I've been digging into a company that's reshaping patient experience with its AI-driven platform: PEP Health. Their approach could have a serious impact on payors and risk-bearing organizations. At the heart of it, they're tackling a complex question: What is quality in care? I dive deep into their story and why their innovative platform is worth paying attention to—especially if you're focused on patient experience and quality scores. Curious how PEP Health could redefine patient experience? Read my deep dive here: https://lnkd.in/gAQhzcUC I’ll be curious to hear your reactions. Share in the comments! 👇

What’s the best way to scale as a health system? How are health systems responding to vertical integration? And how can they diversify revenue? Mercy’s Michael Englehart, Lumeris’s Rick Goddard, and I have the answers, and we’re hosting a virtual event on September 24 to share, with a Live Q&A discussion, and more. Our industry is changing everyday. Let’s talk about it. See you there! Register now: https://lu.ma/1pybjvuo

What’s the best way to scale as a health system? How are health systems responding to vertical integration? And how can they diversify revenue? Mercy’s Michael Englehart, Lumeris’s Rick Goddard, and I have the answers, and we’re hosting a virtual event on September 24 to share, with a Live Q&A discussion, and more. Our industry is changing everyday. Let’s talk about it. See you there! Register now: https://lu.ma/1pybjvuo

2024 has reshaped healthcare like never before. Want to know how you can prepare for the future of hospital and health systems? Join Lumeris’s Rick Goddard, Mercy's Michael Englehart, and me on Tuesday, 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟰 for a virtual event where we’ll be diving into: -Vertical integration dynamics and how health systems should respond -Health system revenue diversification and transformation -Effective, proven growth and partnership strategies for health systems Come for actionable insights and strategies, along with our takes for what’s next in 2025. Plus, bring all your questions because there's a live Q&A. You can register below, and I hope to see you there! Register now: https://lu.ma/1pybjvuo

Throughout September – Suicide Prevention Month – we’re sharing valuable resources to help healthcare organizations identify suicide risk early and prevent crises before they happen. The suicide epidemic is more widespread than many realize. Over 13 million people seriously considered suicide last year. Understanding who these individuals are and connecting them to care is mission critical for healthcare organizations. Blake Madden explores this further in a recent Hospitalogy Deep Dive, which features NeuroFlow’s innovative suicide prevention approach, and offers advice for early identification and support: https://lnkd.in/e6PYffay #suicidepreventionmonth #suicideprevention