WHO IS Med One Group?

Last October, I spoke at an Equipment Leasing and Finance Association (ELFA) breakout session panel for the 2019 Annual Conference regarding the differentiation that Med One Group brings to an OEM/Vendor program. During this presentation, I focused on the following key points about Med One:

Who is Med One Group?

(Chart #1) 3 Year U.S. Hospital Count Chart Showing the hospital count from 2017 through 2019. As you will see from the chart in 2019, there has been an increase in the number of total U.S. Hospitals, specifically within the For-Profit Community Hospital and Nonfederal Psychiatric Hospital figures. Although I would like to know the specific reasons for the increases, according to www.aha.org the American Hospital Association had a hospital classification methodology change in 2019 with no additional insight provided. With that said, it appears as though there is an upward trend for new hospitals.

(Chart #2) Top 20 – Health Systems by # of Hospitals Owned Anytime I look at a largest health system list, it amazes me that nationally no health system has more than 5% market share. With that said, although there is no material national concentration, many of the largest health systems do maintain a strong regional market share. Additionally, the Top 20 list is constantly changing with mergers and acquisitions. For example, Dignity Health and Catholic Health Initiatives merged and are now CommonSpirit Health, #3 on the list. In the future, we should expect mega-mergers to continue as health systems see consolidation as a path for improved efficiencies and scale. In the future, it is quite possible we will have a national health system with a market share greater than 5%.