Canada Illustrates How P3s Can Work in Healthcare

By Nolan Miles
P3 Kentucky Staff Writer

Canada’s healthcare P3s are thriving, a trend that is picking up ground in the United States with new infrastructure projects. The healthcare market is another industry that can benefit from the public-private partnership model, evident by Canadian P3 successes.

The United States has plenty of opportunities to grow and capitalize on P3 opportunity, according to a report by the Wharton School at the University of Pennsylvania. With a few states devoting offices to review and administer P3 contracts, the U.S. is well behind the Canada in terms of P3 usage.

CHUM, the Centre Hospitalier de l’Universit de Montreal, is a recent Canadian P3 that connects a private energy provider, Veolia, and the hospital together in one cohesive agreement. The two partners not only share the financial risk, but also the energy assets.

“In the U.S., we have a different flavor, with both government and private hospitals can be either for-profit or non-profit,” according to Ashley Swanson, assistant professor of health care management at Wharton. “Private hospitals are certainly not a failed model. With P3s, there’s an attempt to leverage the comparative advantages of both the private and public sectors.”

For the full story, click here.

Join P3KY Newsletter

Join our Mailing List