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Joint operating agreements: a new integration model
1McDermott, Will & Emery, Washington, DC, USA.
Summary
Healthcare systems often face integration challenges due to conflicting goals. A joint operating agreement offers a new model to balance integration benefits with organizational autonomy and risk management.
Area of Science:
- Healthcare Management
- Health Services Research
- Organizational Studies
Background:
- Healthcare systems integration presents inherent contradictions.
- Organizations desire integration benefits but resist loss of self-governance, asset control, and liability assumption.
Purpose of the Study:
- To introduce and evaluate a novel integration model for healthcare systems.
- To address the challenges of balancing integration with organizational autonomy and risk.
Main Methods:
- Analysis of a new integration model: the joint operating agreement.
- Examination of how this model addresses common participant concerns.
Main Results:
- The joint operating agreement model shows potential to resolve contradictions in healthcare integration.
- It allows participants to gain integration advantages while retaining control and limiting liability.
Conclusions:
- Joint operating agreements offer a viable solution for complex healthcare system integrations.
- This model facilitates cooperation without compromising essential organizational interests.