Access the latest news in the nonprofit sector.
Traditionally healthcare foundations kick off their fundraising with a special event, which acts as the main driver of their philanthropic revenue. As organizations pay more attention to increasing revenue sources, many have started focusing on enhancing and building major gift programs. The goal is to diversify donation sources and decrease reliance on special events.
There were 98 mergers and acquisitions (M&A) among hospitals and health systems in 2013, up 3 percent from 2012, and more than 50 percent from 2010, according to a survey by Kaufman Hall. According to the Healthcare M&A Watch, a Modern Healthcare report, the deal volume in hospital mergers has shrunk while the value per deal has risen in the first quarter of 2014.
The recently released Giving USA 2014 report describes broad trends in healthcare philanthropy. Total giving reached $335.17 billion in 2013, a 4.4 percent increase in current dollars and a 3.0 percent increase in inflation-adjusted dollars.
As baby boomers are moving on and letting their heirs take over, all eyes are on their investment behavior. Where does philanthropy fall in the millennials’ strategy and is the healthcare fundraising community ready to cultivate the new generation of donors?
The health care market has been going through considerable changes including many physicians shifting from having their own private practice to salaried jobs. According to the American Medical Association (AMA) about 60 percent of family doctors and pediatricians, 50 percent of surgeons and 25 percent of surgical subspecialists are already employees rather than independents. That number is predicted to grow.
The Chronicle’s latest report on giving marks the reemergence of big gifts.
The recently released Giving USA 2013 report describes broad trends in healthcare philanthropy. Here, we break down important trends from the report and make broad recommendations for healthcare organizations as they build their fundraising programs. We welcome your thoughts and questions; please don’t hesitate to contact Adam Wilhelm at firstname.lastname@example.org.
Hospitals are waking up to a new fundraising landscape. The environment has been challenged by the recent recession as well as changing healthcare mandates. Both are creating sweeping changes in the business of healthcare. As a result, philanthropic operations are becoming more strategic, and the role of philanthropy is increasing in stature as it becomes a more dependable source of consistent revenue for its institutions.