In the News: What Healthcare Mergers Mean for Consumers

In the News: What Healthcare Mergers Mean for Consumers
6
May

Sharon Lurye of PhillyVoice recently spoke to Dr. Stephen Klasko, President and CEO of Thomas Jefferson University and Jefferson Health, about its recent partnerships with Abington, Aria, Kennedy Health and Philadelphia University.

The plan, he explained, is to bring Jefferson research and care out to where the people are, instead of bringing them into the main center city hospital. “Greater access and greater quality at lower cost,” Dr. Klasko said.

While some healthcare economists remain skeptical, other experts are optimistic.

“Patients sometimes benefit tremendously from provider consolidations,” said Dr. Stuart Fine, former CEO of Grandview Hospital in Bucks County for 25 years who currently teaches health-care management at Temple University’s Fox School of Business. “Mergers can bring to a community financial stability, increased opportunities for employment, and a more expansive set of available healthcare services.”