For healthcare organizations eager to stabilize revenue and capture long-term efficiency, less is more. In the battle to improve patient outcomes and guarantee the longevity of their organizations, hospitals and health systems don’t need to be everything to everyone.
One of the most strategic steps healthcare leaders can take is to regularly evaluate their service line portfolio, constantly looking for opportunities to shed — and monetize — non-core or unprofitable assets.
Weighing Your Transaction Options
One healthcare organization’s underperforming business unit could be another company’s market expansion play. In the current economy, there are multiple paths healthcare leaders can pursue to reposition non-core service lines: