The Impact of Healthcare Mergers and Acquisitions on Patient Experience

The healthcare industry is abuzz with the increasing trend of mergers and acquisitions, with recent data showing a significant rise in these events. According to Kaufman Hall, there was a 13 percent increase in healthcare mergers in 2017 compared to the previous year. Additionally, PricewaterhouseCoopers reported 255 healthcare merger and acquisition deals in the second quarter of 2018.

While some industry professionals argue that healthcare mergers could lead to anti-competitive practices and limited choices for patients, others believe that these structural changes are necessary for survival in the evolving healthcare landscape. Proponents claim that mergers can improve access to quality care and help control costs for patients.

One of the key arguments in favor of healthcare mergers is the potential for reducing out-of-pocket costs for patients. A report from the American Hospital Association showed that between 2009 and 2014, healthcare mergers led to a cost reduction of 2.5 percent, amounting to nearly $5.8 million. However, critics argue that consolidation can lead to limited competition, giving healthcare organizations more bargaining power with insurers and potentially driving up costs for patients.

In addition to cost considerations, healthcare mergers and acquisitions can also impact patient care quality and access. While some argue that mergers can streamline protocols and enhance standards of care, others warn that consolidation may lead to a decrease in care quality and increase the risk of adverse patient safety events.

As the debate on healthcare mergers continues, it is crucial for industry professionals to consider the implications of these events on the patient experience. With mergers expected to persist in the healthcare industry, stakeholders must prioritize patient care and design deals that prioritize the well-being of those they serve.