What Verizon can teach hospitals about coping with rapid market change
Hospitals can take some lessons from Verizon, the once “stodgy” utility company that is now seizing new business opportunities and reacting to meet new consumer demands.
The way the telecommunications and media industry is rapidly changing and the moves Verizon is making to position itself for the future has lessons for healthcare providers, according to an article by Kenneth Kaufman, chair of Kaufman Hall & Associates LLC, in Skokie, Illinois.
In telecommunications, the saturation of providers and lack of new markets have resulted in price-based competition and consolidation, says Kaufman in the Hospitals & Health Networks Daily piece. The same can be said for hospital markets in many regions.
Read the full article: FierceHealthcare