The project that is the subject of this report was approved by the governing board of the national research council, whose members are drawn from the councils of the national academy of sciences, the national academy of engineering, and the institute of medicine. The merger implementation is the process where merger negotiation proceeds until. There are different ways of defining a merger or an acquisition. Yet despite the increasing number of evidencebased practices and the significant allocation of public resources towards them, clinicians do not consistently translate the evidence available to them into patient care. This included not just technical research and innovation, but also sociotechnical knowledge and change. Health care systems worldwide are faced with the challenge of improving the quality of care.
Kt involves interaction between knowledge users and knowledge producers and results in mutual learning through the process of planning, producing, disseminating, and applying existing or. Integrated knowledge translation ikt in health care. The activity has been dizzying among pharmaceutical companies, always in the market for a promising new drug or pipeline. While advocated as an approach for enhancing the relevance and use of research, ikt is challenging and inconsistently applied. With nearly half a million reach and 92,000 enewsletter subscribers holding a variety of positions in healthcare management, administration and it were focused on bringing the most relevant and upto. Few substantial new insights have become available in the last decade. Many terms have been used to describe the process of putting knowledge into action. The more broadbased and extended the downturn, the greater the opportunity for the right pharma or medtech company to create value through a merger or acquisition. Many healthcare organizations also intend to continue the merger and acquisition trend into 2016.
The field of knowledge translation kt has emerged as a response to this gap. Using everyday examples, it explains how to use research findings to improve health care in real life. How to improve healthcare mergers and acquisitions strategies. This process takes place within a complex system of interactions between researchers and knowledge users. At sickkids, knowledge translation is a top priority. Knowledge translation kt, also known as research utilization, and sometimes referring to implementation science is a dynamic and iterative process that includes the synthesis, dissemination, exchange, and ethically sound application of knowledge to improve health. The purpose of this paper is to provide conceptual tools and strategies for the growing number of managers, clinicians and decision makers. Health insurer merger mania musclebound competitors. The major difference between the two is that in acquisitions one of the parties is the controlling body with more power, while in mergers the. Ian graham, sharon straus and jacqueline tetroe have produced a primer on knowledge translation kt titled knowledge translation in health care. The knowledge translation program ktp works with researchers to develop a strategy to put knowledge into practice at both the clinical and policy level.
All translations will be performed by native speaking linguists with subjectspecific expertise in the healthcare field. A kt intervention is one which facilitates the uptake of research. A merger is a result of the consolidation of two companies, while an acquisition arises when one of the involved parties buys the other. The authors draw selectively on theories of learning and knowledge, which currently have received little attention from knowledge translation kt researchers, and suggest how they might usefully inform future development of the kt literature. The scientific literature on knowledge translation offers various theoretical approaches to understand what factors influence knowledge translation outcomes e. Providing evidence from health research is necessary but not sufficient for the provision of optimal care and so knowledge translation kt, the scientific study of methods for closing the knowledgetoaction gap and of the barriers and facilitators inherent in the process, is gaining significance. Historically, quality initiatives have been among the last to be instituted.
Kindred healthcare completes acquisition of gentiva health. This study sought to inform future ikt practice and research by synthesizing studies that empirically evaluated ikt and identifying knowledge gaps. The longterm sustainability of kt interventions is unclear. At the innovating health discussion on knowledge translation, discussion guide dr tamika heiden focused on a common understanding of knowledge translation. The translation of knowledge from the researchbench to the patientbedside is pivotal to public health 1, 2. The chasm between the bench and the bedside is partly due to. Patients also need to comprehend consent forms, postop instructions, dosing information and prescription labels. Simione healthcare consultants, llc has developed an unmatched history of successful transitions for both buyers and sellers in home care, hospice, and applied behavior analysis aba mergers and acquisitions. Health insurer merger mania musclebound competitors and a new cold war in health care robert laszewski contributor opinions expressed by forbes contributors are their own. Knowledge translation kt is a concept first used in 2000 by the canadian institute of health research cihr 17 to address the gap between research knowledge and its application in clinical practice in health 1, 2, 4, 5.
Working paper series cambridge judge business school. Planning from starting, growing and expanding your business to client acquisition health solutions can be of. Consider clicking here if you want to know more about our focus. A look back at hospital mergers and acquisitions in 2016. Americas health insurers have been in the mood for consolidation. The top 5 innovations in knowledge translation on health. The premerger planning is the phase where the whole merger strategy is being planned and formulated at the most comprehensive and practical manner. Employers now recognize that human resource issues are the primary indicator of the success or failure of a deal.
Yet while we can and do advocate for certain laws and policies, the ftc is primarily a law enforcement agency, not a regulatory body. How mergers may affect care, competition and bottom lines. Specifically, this current merger boom is characterized by. This book is a compilation of chapters, written by experts in a wide range of kt topics. This new second edition defines the principles and practice of knowledge. An acquisition on the other hand is simply a purchase. The process of knowledge transfer in mergers and acquisitions. Mergers and acquisitions are familiar phenomena in the business world. A concept analysis article pdf available in medical journal of the islamic republic of iran 281. Riley smith photography bridget pierce and sheri price at work on the be a nurse campaign site. Knowledge translation may best be viewed as the bridge that brings together continuing medical education, continuing professional development, and quality improvement in the hope of closing the researchtopractice gap. Health care companies in merger frenzy the new york times. In this post, regular guest blogger jay shaw looks at 5 key innovations that are. Acquisition and merger expertise within the healthcare industry.
Knowledge translation in health care is a practical introduction to knowledge translation for everyone working and learning within health policy and funding agencies, and as researchers, clinicians and trainees. Kt strategies and processes can help to create shorter transfer times and greater efficiencies while maintaining the best evidence and outcomes to ensure research is used in the real world. In the first six months of 2016 alone, kaufman hall identified 52 hospital and health system transactions, an increase of 6. Our vision is to ensure high quality evidence reaches patients, health care providers and decisionmakers by making sure effective strategies are used to improve quality of care. Knowledge translation kt origin, definition, and concept. Despite increasing interest in research on how to translate knowledge into practice and improve healthcare, the accumulation of scientific knowledge in this field is slow. Recognizing the different types of leaders throughout an organization and ensuring they are on board with organizational change can make or break integration postmerger. Our medical translation solutions will help you communicate with your diverse patients in the written form. Pdf merger of knowledge management and information.
But health care km raises different challenges and issues due to the own nature its knowledge. There is a frequent misfit between problems and approaches to implementation, resulting in the use of. Since that time, use of the term has grown dramatically, with a tenfold increase revealed by a search of medline from 19902006. A wave of mergers in the healthcare industries will have pros and cons for consumers. The national academies press 500 fifth street, nw washington, dc 20001. The term knowledge translation most readily appears in medical and health care literature and primarily pertains to. Kt is defined as the synthesis, exchange, and application of knowledge by relevant stakeholders to accelerate the benefits of global and local innovation in strengthening health systems and improving peoples health. Knowledge merger we are a bunch of young undergrad bloggers who are trying to merge various pieces of information, compile them and present our assessments and interpretations to help out people around the world. Interpretation and translation solutions for healthcare. Pdf in the last 10 years, the information and communication technologies icts revolution has redefined the structure of the 21st century healthcare. Knowledge translation and exchange in healthcare a number of models and theories have been developed to overcome the barrier of translating knowledge between research and practice grol and grimshaw 1999, graham et al 2006, nicolini et al 2007, kontos and poland 2009.
Knowledge translation kt closes the gap between science and practice. Knowledge translation for a new generation research findings are turned into a social media and webbased recruitment campaign aimed at presenting more accurate depictions of nursing. Leveraging intelligence for the benefit of our clients. Knowledge translation kt has emerged as a paradigm to address many of the challenges and start closing the knowdo gap. But executives who have been through the merger process now recognize that in todays economy, the management of the human side of change is the real key to maximizing the value of a deal. Healthcare leaders should evaluate the degree to which quality of care can be improved through a merger or affiliation.
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