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Mergers, Acquisitions, and Partnerships are a Major Factor in Modern Healthcare

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Mergers. Acquisitions. Partnerships. You’re going to encounter them as you look for a job. In fact, you may join an organization that is in the process of partnering with another organization. Or you may join a clinical group that has just been acquired by a larger healthcare system. Mergers can either lead to fewer positions at a hospital or more positions, depending on the nature of the merger. The reason you may even have the opportunity to apply for a job with a particular healthcare organization could be that the existence of the position was necessitated by the new partnership. Or the fresh merger. Or the recent acquisition.

Such is the state of healthcare in 2015. The question is, do you want to take a job with a hospital or a group that has just been acquired or merged with another organization or established a partnership with a nearby healthcare system?

Over the next few posts, we’d like to introduce you to an organization that first acquired the assets of a struggling facility and then partnered with another system to expand the services it could offer its community.

In so doing, you’ll see the positive outcomes that can result from mergers, acquisitions, and partnerships.

In 2013, College Medical Center (CMC) acquired the assets that had been Pacific Hospital of Long Beach, Calif. Pacific Hospital had served the workers-comp and spinal-surgery needs of the Long Beach patient population for more than half a century. CMC transitioned the organization to a true community hospital and established a unique partnership with Molina Healthcare to manage the acute-care side of the center.

I recently interviewed Joe Avelino, RN, BSN, MHSA, CPHQ, chief executive officer of CMC, for Healthcare Executive Exchange Magazine. Avelino was hired as the hospital’s CEO in August 2013, just as the organization was preparing to unveil its new hospital building on Oct. 9.

His first few months were hectic, as numerous deadlines had to be met in order to secure the proper licensing for operation.

CMC’s psychiatrist call panel was officially established on Oct. 18. On Oct. 29, CMC was issued its own CMS Certification Number (CCN) for Medicare funding. The state-required LPS designation came on Nov. 19, enabling the organization’s psychiatric emergency team (PET) to travel to other ERs, nursing homes, clinics, and hospitals to conduct psychiatric evaluation assessments.

We’ll pick up CMC’s story in our next post. In the meantime, as physicians and advanced practitioners who are looking for jobs, what are the pros and cons of being hired by an organization that has just participated in a merger, an acquisition, or a partnership?

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