merger madness

A popular term for the joining of two or more hospitals under the same corporate shield, which became a very common occurrence in the US in the 1990s, as finances demanded that academic health centres match the cost efficiency of non-research hospitals.
Pros
Mergers eliminate redundant administration and underutilised specialty/subspecialty services, increase institutional purchasing power, and reduce employee turnover, as there are fewer local market opportunities.
Cons
Research funds are often reduced.

单词	merger madness
释义	merger madness merger madness A popular term for the joining of two or more hospitals under the same corporate shield, which became a very common occurrence in the US in the 1990s, as finances demanded that academic health centres match the cost efficiency of non-research hospitals. Pros Mergers eliminate redundant administration and underutilised specialty/subspecialty services, increase institutional purchasing power, and reduce employee turnover, as there are fewer local market opportunities. Cons Research funds are often reduced.
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