The market’s leading health systems continue to eye future expansion needs while providers brace for the financial impact of the COVID-19 pandemic. Novant Health has won a bid to expand its footprint across the state through a deal to partner with New Hanover Regional Medical Center in Wilmington as CaroMont Health moves forward with plans to build its second hospital in the market. Independent physicians, however, are struggling to maintain operations amid declining patient visits caused by the pandemic. Physicians who split from health systems to expand a Tennessee-based independent practice, Holston Medical Group, have recently joined Atrium Health as the group significantly scales back its Charlotte-area operations, citing financial difficulties. As COVID-19 takes a financial toll on the healthcare market, look for payers and providers to temporarily decelerate value-based care transformation.

Related Reports

Birmingham | Alabama | 2020 | Market Overview Brief

Birmingham, a statewide hub for specialty care, has historically been a slow-moving market from the perspective of value-based contracting. BCBS of Alabama is the power player and key driver of...

View Details

Portland | Maine | 2020 | Market Overview Brief

Consolidation is on the rise in Portland’s provider sector with a merger between MaineHealth and Mid Coast – Parkview Health, which has centralized decision-making about medical care an...

View Details

Kansas City | Missouri | 2020 | Market Overview Brief

Kansas City has traditional tendencies in healthcare delivery, with pockets of innovation in the payer space. HCA Midwest Health leads the health system sector, and the IDN has a fee-for-service ap...

View Details

Grand Rapids | Michigan | 2020 | Market Overview Brief

Healthcare in Grand Rapids is consolidating around Spectrum Health, Mercy Health, and Metro Health. Dominant insurer Blue Cross Blue Shield of Michigan continues to drive payment reform. The carrie...

View Details