From the PYA chart above you can see that a "Member Substitution" would potentially provide more autonomy for IRMC than an "Acquisition," and a Member Substitution has less integration than an Acquisition. (PYA is a nation-wide leader in healthcare consulting, audit & accounting, assurance, tax and business compliance.) A committee made up of trustees of … Continue reading Will the Indian River, FL Medical Center Enter into an “Acquisition” or a “Member Substitution” Transaction?
WE KNOW THAT A COLLABORATIVE COMMITTEE, CONSISTING OF MEMBERS OF THE INDIAN RIVER MEDICAL CENTER (IRMC) BOARD OF DIRECTORS, INDIAN RIVER COUNTY HOSPITAL DISTRICT (IRCHD) TRUSTEES AND BOARD MEMBERS OF THE IRMC FOUNDATION (IRMCF), RANKED THE IMPORTANCE OF STRATEGIC OBJECTIVES FOR IRMC. NO. 1 WAS PATIENT FIRST FOCUS. NO. 2 WAS TO MAINTAIN AND ENHANCE … Continue reading What We Know About the Current Situation at the Indian River, FL. Medical Center. And What We Don’t Know.
The future of hospital operations resembles an air traffic control tower. NO DOUBT YOU HAVE READ THAT A JOINT COMMITTEE OF INDIAN RIVER MEDIAL CENTER (IRMC) AND INDIAN RIVER COUNTY HOSPITAL DISTRICT (IRCHD) TRUSTEES, WITH FUNDING FROM THE INDIAN RIVER COUNTRY TAX PAYERS, HAS HIRED STROUDWATER ASSOCIATES TO HELP DETERMINE THE FUTURE OF THE STRUGGLING NON-PROFIT HOSPITAL. Will … Continue reading The Indian River County, FL Hospital District Hired a Consulting Firm to Strategize on Options for its Struggling Indian River Medical Center (IRMC). Does it have the Punch to Explore Having IRMC Become an Innovative Virtual Hospital?