Urgent care facilities continue to rise in popularity as an efficient and affordable alternative to hospital emergency room treatment. Since 1919, Summit Health has been a pioneer in the concept of multispecialty coordinated care, including urgent care. As healthcare facilities transformed into full service centers of care, Summit Health paved the way and remained patient centric. A pending $9B deal with Village MD, backed by Walgreens Boots Alliance and Cigna health services subsidiary Evernorth, is scheduled to finalize in early 2023. This acquisition will likely transform the future landscape of coordinated healthcare.
Quality of Care
The patient care experience is at the forefront of virtually every healthcare forum today. Consumers want convenient, efficient experiences that are also cost effective. Online patient portals allow referring physicians and specialists to communicate and share information electronically regarding patient health and treatment options. Patients no longer have to worry about obtaining referrals or insurance preauthorization before a medically necessary procedure.
Another benefit of healthcare giants and multispecialty facilities is the ease of setting appointments. With well over 300 facilities, Summit Health offers many convenient locations with days and hours that fit even the most hectic schedule. Patients gravitate to Summit Health for the exceptional service and treatment options available. They remain loyal to the brand because of the efficient and effortless patient experience.
Partnerships Expand Service Capacity
Summit Health is no stranger to the merger and acquisition process, having merged with CityMD in 2019 to revitalize healthcare in the New York Metro region. Although Summit Health is primarily an independently operated, physician owned organization, they certainly understand the benefits of strategic partners.
The model of care and business operations strategy provide support to both patients and physicians. Specialists from multiple medical subsidiaries have joined Summit Health to offer their unique skill sets as needed. A well organized administrative process supports physicians on a variety of important levels such as HIPAA compliance, insurance verification, and patient billing services.
Potential for Growth
The upcoming merger between Walgreens Boots Alliance and Summit Health offers an inherent opportunity for even greater profit earnings for the newly conjoined organization. After some expected growing pains are settled, the multibillion dollar company has the potential to share their ever growing footprint with other national and global healthcare providers. Once perfected, this multiservice medical organization can develop other organizations in the field of coordinated care.
Although no potential plans to expand the organization have been published, there is certainly a demand for the service so the likelihood of continued growth is highly anticipated. Evaluating the potential growth requires the help of experienced industry professionals. Our team offers more than three decades of experience in appraising medical equipment and real estate.