A new trend is sweeping across the nation as hospitals are being picked up by a wave of mergers, resulting in supersized hospital systems. Changes are happening faster than predicted, as Mount Sinai Medical Center in New York City (one of the country’s oldest and largest private non-profit hospitals) is buying the parent of Beth Israel Medical Center, St. Luke’s and Roosevelt Hospitals. Booz & Company, a consulting firm, predicts that 1,000 of the nations roughly 5,000 hospitals could seek out mergers in the next five to seven years. The consolidation of hospitals has the potential to reduce costs in back-office activities but skeptics agree that is poses a risk of increasing healthcare costs.
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