Heard on the Street: Johns Hopkins takes different strategy
Johns Hopkins,the Baltimore-based health-care giant that's a nationwide competitor of Mayo Clinic,is taking a different route toward expansion.
The Baltimore Business Journal, as well as its affiliate the Minneapolis-St. Paul Business Journal, recently compared the two health systems, including a post with the headline "What Johns Hopkins can learn from Mayo Clinic."
"Mayo Clinic and Johns Hopkins each view forging partnerships with out-of-state hospitals as a growth strategy, but the big-name international health-care brands are taking different approaches to expand their reach," the article says.
Mayo has focused on building Mayo Clinic Care Network,a collection of affiliated hospitals around the country that can tap into Mayo's expertise. Mayo doesn't acquire hospitals that join its network, but does let members use the Mayo brand, the stories say.
Meanwhile, Johns Hopkins also is forming partnerships, teaming up with Allegheny Health Networkin Pennsylvania and Kaiser Permanentein Maryland. It's also expanding its primary-care network.
Johns Hopkins also faces one pressure that Mayo doesn't have to grapple with: The state of Maryland recently capped the amount of money hospitals can earn in a year, the article says. Out-of state revenue doesn't count.
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