Health Care Alliances and Conversions: A Handbook for Nonprofit Trustees

by James R. Schwartz, H. Chester Horn Jr.

In the past two decades countless nonprofit community hospitals and health care facilities have combined with for-profit institutions, joined large nonprofit systems, or converted to joint ventures with for-profit chains. As we enter the next millennium, this trAnd is accelerating.Health Care Alliances and Conversions provides nonprofit directors with all the practical advice they need to plan for their institution's future and to create decision-making systems that will eliminate their risk of personal liability. This advice is particularly timely when it comes to nonprofit hospital conversions and alliances.Health Care Alliances and Conversions provides nonprofit hospital directors and senior managers with practical guidance for understanding the numerous forms of conversions including the most controversial type of transactions--joint ventures with for-profit chains. The book is filled with the information and tools health care leaders need to plan for the future of their institutions and effectively evaluate their strategic partnering options.In clear, concise, and non-legal language, authors James R. Schwartz and H. Chester Horn, Jr.--the nation's leading experts in the health care conversion field--explain nonprofit directors' fiduciary duties in these complex conversion transactions and offer practical advice that can help facilitate this difficult decision-making process. The book clarifies nonprofit directors' and trustees' responsibilities to the communities they serve and offers solid recommAndations on how to manage the conversion process without damaging institutions' or directors' reputations.The authors describe how to create marketing and valuation strategies that will meet the legal standards enforced by government regulators. They also reveal the steps for quickly closing a deal and provide the keys to avoiding pitfalls that can block approval. Step by step the book outlines how trustees and directors can protect themselves from

227 pages, Hardcover

First published November 6, 1998