Risk Taking: A Required Competency for Merger, Acquisitions, and Partnerships

Area of Science:

• Healthcare Management
• Organizational Change
• Nursing Leadership

Background:

• Healthcare agencies are increasingly involved in mergers, acquisitions, and partnerships (MAP) to gain market share.
• Stiff competition and a changing reimbursement landscape are significant drivers of MAP activity.
• The focus on care coordination and population health management further fuels the trend of MAPs.

Purpose of the Study:

• To highlight the prevalence of mergers, acquisitions, and partnerships (MAP) in healthcare.
• To identify essential competencies for nurse executives navigating MAP.
• To emphasize the importance of maintaining healthcare quality and patient safety during MAP.

Main Methods:

• This article is a conceptual piece, synthesizing current trends in healthcare.
• It emphasizes the need for nurse executives to develop specific leadership skills.
• It reviews the impact of market dynamics on healthcare organizations.

Main Results:

• Nurse executives are frequently involved in mergers, acquisitions, and partnerships (MAP).
• Risk-taking is identified as a critical competency for nurse executives leading change.
• The study underscores the necessity of prioritizing healthcare quality and patient safety.

Conclusions:

• Nurse executives must be prepared for ongoing mergers, acquisitions, and partnerships (MAP).
• Developing risk-taking skills is essential for effective leadership in healthcare.
• Maintaining high standards of healthcare quality and patient safety must remain paramount during organizational changes.