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Competition in the health care industry
Competition in the health care industry
Competition in the health care industry
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The board of trustees or directors, the community (if they have a say on the matter), and the employee union might influence the decision. If the financial difficulty is really severe, HSO might consider merging with another hospital in the area, if the other hospital is also struggling financially with their pediatrics unit or if the other hospital is ‘larger’. In both cases, the result will be more efficiency. This will be advantageous to my hospital and my hospital’s patients, for the bigger hospital might be better-equipped technologically. The merge itself does not need to be absolute; it does not require a complete consolidation of the other units/services. For example, it might be planned that the pediatrics services will be provided …show more content…
This plan is being questioned prospectively- in terms of its future effects. Positively, the goal of providing a range of quality service is practical. The pediatrics unit is costing the hospital a lot of money to maintain. With closing it down, the money and resources can be allocated to another unit or another service within the hospital. For instance, take into consideration the many hospitals in the Los Angeles area: White Memorial Hospital, Keck Hospital of USC, Huntington Hospital, etc. Having many hospitals with their various services offer a lot of choices for the patient, but is it really necessary? Furthermore, the competition between hospitals can be seen as to who offers the most services, because they can garner the most patients, which in turn makes more profit. Patient safety is not put at risk if the unit is closed, since there are other hospitals who offer the same service. The second objective is the effect on the resident doctors who are trying to specialize in pediatrics of the hospital. This objective would be hard to reach if the unit gets closed, because they would not be able to get their clinical experience. It should also be factored in that there is a shortage of doctors and that doctors are not allocated/distributed equally; this problem would be heightened even more once the unit is
Strengths Long-standing reputation Provision of quality healthcare Highest rank in patient satisfaction Recipient of Joint Commission accreditation Serving a diverse population Weaknesses Smaller than other four hospitals Decrease in net profit Increase in expenses Significant increase in long-term debt Not-for-profit status Opportunities Changes in government regulations Change in lifestyle Influx of patients due to higher patient satisfaction Cost savings Opening of some outpatient clinics and surgery centers Threats Too much competition
Kaiser Permanente’s mission is to provide care assistance to those in need. As a health maintenance organization, Kaiser Permanente provides preventive care such as prenatal care, immunizations, diagnostics, hospital medical and pharmacy services. Also, they take responsibility and provide exceptional training for their future health professionals for better clinical performance and treatment for the patients. The organization is to ensure fair and proper treatment towards their employees for a pleasant working environment in hospital and to provide medical services especially in a growing population in suburban communities, such as Tracy and Stockton in California.
There are several challenges that the key factors of the merger between Bournemouth hospital and Poole hospital bring:
The NHS change model has been selected for this quality improvement. The NHS change model consists of eight dimensions, which are described as a useful tool to enhance change. This model has been identified as being effective in health care organisations, encouraging the use of teamwork to implement systematic improvements.
This paper’s brief intent is to identify the policies and procedures currently being developed at Midwest Hospital. It identifies how the company’s Management Committee was formed and how they problem solved and delegated responsibilities. This paper recognizes the hospital’s greatest attributes and their weakest link. Midwest Hospital hired Dr. Herb Davis to help facilitate the development and implementation of resolutions for each issue.
I believe that all medical centers approach HRM and HIT the same way. This case is no different from the local hospital where I live. The doctors and nurses are understaffed
The Physician/Hospital alignment model is the teamwork between physicians and hospitals to achieve the common goal of providing quality care to patients (med synergies). Physician/hospital alignment opportunities have come into play more predominantly in recent years due to quality, financial, and regulatory aspects of healthcare reform. Physicians and hospitals are more motivated to align now because the new healthcare reform requires an improvement on key aspects such as quality, cost, and efficiency. Moreover, an increase in patient numbers, a decrease in reimbursements, and a shift among new physician goals and values have contributed to the drive for this alignment. Physician/hospital alignment can be characterized in the range of tactical to transformational. Tactical alignments can include joint ventures, co-management agreements, volunteer medical staff, etc.
The Brooklyn Hospital Center recognizes several goals within their strategic plan to assist them in achieving the highest quality patient-care and customer service, hiring the best possible employees, sustaining financial security, improving their research and education programs, and increasing patient accessibility to their services (The Brooklyn Hospital Center, n.d.). Their long-term goals include: achieving financial security to maintain their long-term viability; becoming the employer of choice within their com...
Fraschetti, R. L. & Sugarman, M. (2009). Successful Hospital-Physician Integration: Shared governance and decision-making help a California integrated health care network thrive. Pivot Health website. Retrieved February 21, 2011, from http://www.pivothealth.com/userfiles/pdf/090701%20Bob%20Fraschetti%20Michael%20Sugarman%20Successful%20Hosiptal-Physician%20Integration%20Trustee.pdf.
A merger is a partial or total combination of two separate business firms and forming of a new one. There are predominantly two kinds of mergers: partial and complete. Partial merger usually involves the combination of joint ventures and inter-corporate stock purchases. Complete mergers are results in blending of identities and the creation of a single succeeding firm. (Hicks, 2012, p 491). Mergers in the healthcare sector, particularly horizontal hospital mergers wherein two or more hospitals merge into a single corporation, are increasing both in frequency and importance. (Gaughan, 2002). This paper is an attempt to study the impact of the merger of two competing healthcare organization and will also attempt to propose appropriate clinical and managerial interventions.
Hospital Corporation of America (HCA). Staff Analysis Statement of Problem HCA, after following a conservative financial policy since its establishment, has entered the new decade preparing to make some changes in order to realign their financial strategy and capital structure. Since its establishment, HCA has often been used as a measure for the entire proprietary hospital industry. Is it now time for the market to realign their expectations for the industry as a whole? HCA has target goals that need to be met in order to accomplish milestones in the future.
...be beneficial for the hospital. The nurses are the front runners in patient care, and their input should be taken into serious consideration. Testing this plan, and revising it before it is fully implemented, can only have positive outcomes for the hospital and patient care.
...staff would not be required to put in the overtime to compensate for the lack of workers. Patients would no longer have to suffer the neglect of the staff because he or she was too busy. Making sure the patient gets the best quality care reduces the time spent for recovery. Reducing the time spent for recovery increases the organization’s finances. Providing a safe facility also reduces the expenses on the private hospital’s budget. Ensuring a patient is safe can reduce potential use of ongoing treatment and services. Hiring the appropriate nursing staff needed can save the organization money. Instead of cutting back on staff, more staff needs to be hired to fulfil the needs of the patient. In the economy today, private hospitals need to focus on the overall long term effects of each action opposed to quick reactions resulting in financial strain for the facility.
Healthcare administration provides leadership and managemnt to health care systems, hospitals, and private or public health systems. There are requirements for most professions in the health industry but with the proper education and certification, most entry-level careers are attainable. Healthcare administrators are leaders so one must be able to handle the responsibility of the job. There are characteristics that can be associated with being a health care administrator. I have learned over the course of the past few weeks that this the career path that I would like to follow and have set a few goals to help promote my career growth. My research has helped me learn many aspects of this profession and what it takes
So far, I have been able to learn more about the connective aspects of working in a hospital as I frequently interact with medical staff with many different backgrounds and specialties. I was more recently given the opportunity to sit in on rounds with infectious disease doctors and hear about patient cases and their laboratory results. This daily exposure that I got for a week served as a great way for me to get a feel for the types of conversations and collaboration that constantly occurs between physicians and lab staff. I have yet to reach out to a particular physician to ask about further opportunities to shadow, but I hope to have a chance to do so in the near future as my more extensive training is now coming to a close in the coming