ESSAY QUESTION #3
Consolidation in health care has been increasing for some time and is now quite extensive in many markets. Some of this comes from mergers and acquisitions, but an important part also comes from larger organizations gaining market share from smaller competitors. Please discuss the impact of insurance consolidation, hospital mergers, and the economic impact this has on providers and consumers.
Report an abuse for product the impact of insurance consolidation, hospital mergers, and the economic impact this has on providers and consumers
In the last couple of year’s retail department, financial institutions and airlines have witnessed the amalgamation of competitive changes, regulatory, and market drive substantial consolidation within their respective firms. In many instances, market drivers encourages firm accomplices to buy, merge, or sell with other entities in order to access enhanced capabilities that could permit them to be effectively competitive. It is now evident that the health care industry is on the brink of the similar change. Insurance consolidation, hospital merges and economic dynamics are setting the stage for what may be an era of speedy consolidation among health systems and therefore this paper discusses the influences these factors have on consumers and providers.