Strategy development is easy. Successful, timely execution is where health systems often stumble. Maybe you have a capable leadership team and know what you want to do but lack the pieces—the specific technical capabilities—to pull it all together. Building those capabilities from scratch could take years, and executing on your strategy cannot wait.
Fortunately, as a health system, partnering with other organizations to serve your community is second nature. You have vendor relationships for your EHR (Epic, Cerner), contracts with medical groups for hospital-based services (Vituity, TeamHealth), and perhaps equity joint ventures for your urgent care centers (GoHealth, FastMed).
Now you’re venturing into areas such as value-based care, hospital-at-home, and ambulatory surgery. How can you use partnerships to accelerate your strategy in these areas when you don’t possess the core competencies to be effective alone?
This article was originally published in the Governance Institute in September 2023.
