Fox, Bassett Hospitals look at collaboration

The Daily Star reported that Bassett Healthcare and A.O. Fox Memorial Hospital are looking at the nuts and bolts of possible corporate ties.

The two medical institutions announced Tuesday that talks of sharing services that started last year are being expanded into a "due diligence process'' to review operations and identify possible affiliation, according to a media release. According to the article, the affiliation is sought because of economic pressures, changes in the health care industry, a national shortage of physicians and difficulty recruiting doctors. Read more here.

Collaborations are a growing trend as nonprofits look for ways to continue services and replace decreasing funding streams. The New York Council of Nonprofits (formerly CCSNYS) has a number of programs available for nonprofits looking at this option. Contact us for more info.