Economic uncertainty often stimulates industry consolidation — and in fact, analysts at both Bain and PwC are predicting that mergers and acquisitions in the healthcare industry will pick up in 2023.
But beyond financial considerations, these transactions have many other motivating benefits. As the American Hospital Association notes, M&A enables hospitals to expand service offerings, broaden networks and access to specialists, and improve quality of care to better serve patients, reports Health Care Dive.
But one often overlooked aspect of an M&A or partnership is the increased potential for security risks — a factor that is being investigated in at least one recent healthcare patient data breach incident. While speed and secrecy are typically essential to these sorts of deals, health organizations need to include a security expert on the core team from the very beginning — not just to analyze risks, but also to facilitate the complexities of the process itself. Read more.
