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Insights and Trends

Hybrid Partnership Models: Strategies to Enhance Hospital Performance and Outcomes

Partnership has become a leading strategy to efficiently improve quality while meeting the needs of the growing medically complex patient population. However, every hospital and community is different, and a one-size-fits-all partnership strategy is not effective.

Read this infographic to discover hospital partnership models and structures that can effectively meet growing patient needs in your community.

Partnership models

Icon - Joint venture

Joint venture: This option allows hospitals to leverage the unique strengths, specialized expertise and resources of a national provider. All of which help the local hospital elevate its offering and expand patient access.

Icon - Contract management agreement

Contract management agreement: This allows hospitals to maintain full ownership while also tapping into the expertise of a focused partner. Contract management can also be a great place to start when considering a long-term partner – giving both parties time to confirm that the organizations are a strong fit before moving on to a joint venture.

Icon - Merger and acquisition

Merger and acquisition: This may be best for hospitals that lack the resources necessary to optimize complex processes – including revenue cycle, supply chain and productivity – or expertise in specialized service lines.

Partnership models

Partnership often leads to service expansion to meet the needs of the local community. But expansion can mean a variety of things and does not require extensive capital.

Three partnership structures to compound with the above models include:

Icon - Hospital-in-hospital (HiH)

Hospital-in-hospital (HiH): An HiH is a separate hospital that is located within the four walls of another hospital, or in one or more distinct buildings located on the same campus. The HiH, or co-location model, can mitigate the risk and challenges of high-risk patient transfers, and reduce length of stay by providing advanced care under one roof from multiple specialties.

Icon - Specialized care unit

Specialized care unit: A hospital unit is equipped with specialized resources, such as 24/7 physician oversight, registered nurses that specialized in treating complex patient needs and an interdisciplinary care team. Offering a specialized unit helps maintain care continuity, keeps patients within the hospital’s care continuum and minimizes transfers.

Icon - Freestanding hospital

Freestanding hospital: This method increases bed capacity and relieves strain on existing hospital resources. It also allows patients to receive timely care in a hospital specifically trained and designed to meet their unique needs. Adding a freestanding specialty hospital can substantially help expand community access to needed services.

Contact us to find our which partnership model can most benefit your patients and hospital.

You also may be interested in: Rehabilitation Staffing: 5 Advantages of Strategic Partnership

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