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Branding and its effect
Branding and its effect
Branding and its effect
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Huntsville Hospital (HH), located in Northeast Alabama, part of the Huntsville Hospital Health System, originating in downtown Huntsville, Alabama in the late 1800’s. As the not-for-profit, public hospital system developed, HH became the second largest employer in Madison County, Alabama with an estimated 7000 employees, 2000 nurses and 1000 physicians. In 2010, the passage of the Patient Protection and Affordable Care Act (PPACA) initiated reforms between healthcare and healthcare providers. For example, Huntsville Hospital Health System developed as smaller healthcare providers sought refuge under Huntsville Hospital’s larger umbrella. Nine separate campuses, among the North Alabama area, constitute the Huntsville Hospital Health System …show more content…
Branding the health care facility as high technology with compassionate staff will benefit the health system in establishing relationships with the consumers and eventually loyalty (McPherson 2008). Huntsville Hospital Health System strategically branded the providers and facilities as top in the country with various modes of certification and accreditation such as Blue Distinction, Top 100 in Spine Surgery, Top 100 Best Places to Work, Advanced Technologies, and Joint Commission Accreditation. All these brandings assist our system to promote the caring, safe environment to enjoy in the wellness programs or when healthcare is necessary (Ingram …show more content…
For example, different departments focus on specific consumers groups in order to sell specific services like the HH providing advertising by way of the sports clubs in town to target and educate Moms and Dads while promoting the pediatric, orthopedic, and other services attempting to create relationships (Perkins 2015). Secondly, as HH Health System develops and possess state of the art technologies, focus shifts to the higher level professionals employed in Huntsville on Redstone Arsenal and NASA as well as advertising heart healthcare and services. Challengingly, healthcare providers must be able to relate to today’s consumer especially in the area of social media and mobile accessibility. HH Health system lagged behind in the ability to communicate with the “healthy” generation, consisting of people ranging from 18 to 40 years of age (Ingram 2015) Accordingly, in 2014, HH Health System contracted with Red Sage Communications to create a friendlier mobile design including all aspects of social
In this case, the reader learns that liquidity is a better than average. The ratio and cash on hand have been better than 2013 from the past years. Moreover, it shows that the hospital has a higher ability to meet its cash obligation because it has more security compared to other hospitals. Funding allows hospitals to control funds and limit investments. Not-for-profit organizations help provide more services and margin of safety. Therefore, creditors look for a margin of safety so that the community that financed a small portion of total financing can be returned to the owners by leveraging. Capitalization ratio measures the funds that were borrowed and the assets that have been used. The coverage ratio measures the number that time they fixed financial charges. The time's interest earned ratio shows the ability of the hospital to meet
I attended the Saturday Lab 1 session discussing the Denison Specialty Hospital case study. In our session, we had a through discussion into the different budget terminology. I learned about the difference between accrual and cash accounting methods, which is based on the timing of when the revenue and expenses are recognized. I also learned about responsibility centers as an organizational unit under the supervision of a manager, who is responsible for its activities and results. In addition, the manager is accountable for the budget of the department that they head. Therefore, a centralized form of management in developing the budget because it makes easier to because the information for the department budget is located
Springfield General Hospital (SGH) is committed to high quality healthcare for patients, and providing tools to support physicians, nurses and pharmacists. SGH leadership approved the computerized physician order entry (CPOE) system as a solution to reduce prescription errors, and the results of the CPOE project are disappointing. The data show increased prescribing errors after implementing the CPOE; resulting in increased costs for adverse drug events, rather than the planned cost reduction (Spector, 2013). This change management plan provides the SGH board of directors and executive management team pragmatic steps to increase quality for patients by assessing the root issue of hospital
Grady improves the health of the community by providing quality, comprehensive healthcare in a compassionate, culturally competent, ethical and fiscally responsible manner. Grady maintains its commitment to the underserved of Fulton and DeKalb counties, while also providing care for residents of metro Atlanta and Georgia. Grady leads through its clinical excellence, innovative research and progressive medical education and training.
General Practices Affiliates is considering an offer from Titus Lake Hospital to join under a provider leasing model. Under a provider leasing model, Titus Lake Hospital is purchasing General Practices Affiliates’ services. The practice will retain control of personnel, management, and practice policies. Titus Lake Hospital submitted financial reports to assure transparency during the lease agreement process. The following analysis will discuss whether Titus Lake hospital is a viable financial partner for General Practice Affiliates, possible implications of the lease, and recommendations.
The cost of Medical equipment plays a significant role in the delivery of health care. The clinical engineering at Victoria Hospital is an important branch of the hospital team management that are working to strategies ways to improve quality of service and lower cost repairs of equipments. The team members from Biomedical and maintenance engineering’s roles are to ensure utilization of quality equipments such as endoscope and minimize length of repair time. All these issues are a major influence in the hospital’s project cost. For example, Victory hospital, which is located in Canada, is in the process of evaluating different options to decrease cost of its endoscope repair. This equipment is use in the endoscopy department for gastroenterological and surgical procedures. In 1993, 2,500 cases where approximately performed and extensive maintenance of the equipment where needed before and after each of those cases. Despite the appropriate care of the scope, repair requirement where still needed. The total cost of repair that year was $60,000 and the repair services where done by an original equipment manufacturers in Ontario.
Henry Ford Hospital (2016) is also affiliated with Wayne State University Medical School. The hospital is recognized for clinical excellence and innovation in several fields including: cardiology and cardiovascular surgery, neurology and neurosurgery, orthopedics and sports medicine, organ transplants, and treatment for prostate, breast and lung cancers (Henry, 2016). Marketing is a key aspect of any organization. Marketing is defined as the activities and processes for creating, communicating, delivering, and exchanging offerings for clients, customers, partners, and society as a whole (Rooney, 2009). Specifically, Henry Ford Hospital is a nonprofit organization. Non-profit marketing is defined as a management process of exchanges undertaken by NPOs, and aimed at generating a social benefit to a more or less wider group of society (Garcia & Gonzalez, 2013). Current challenges in marketing that the hospital has will be discussed, as well as how segmentation and target marketing are applied at Henry Ford Hospital. Lastly, how the organization’s services are positioned to meet the demands of the target market will be
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.
Stanford Medical Center has the opportunity to develop a co-branding arrangement with the government of Saigon, but prior to making a decision – they must consider the risks and benefits. The health care market is continuously evolving; in which America is well-known for its advancements in technology and medical interventions. The co-branding strategy has been successfully implemented by the Mayo Clinic, the Cleveland Clinic, and John Hopkins with other countries across the globe. Therefore, the benefits of this proposal clearly offset the risks involved in working with the Vietnam
Outstanding healthcare facilities try to compensate patients for economic and non-economic losses. They ensure the patients have their time and concerns addressed. They make sure that the patient experience makes them feel good.
On March 23, 2010, President Barack Obama signed into law the Patient Protection and Affordable Care Act (PPACA), a piece of legislation that seeks to improve the American health care landscape in a variety of ways. The PPACA strives to increase access to affordable insurance coverage while working towards structural and other changes that will keep future healthcare costs under control. The common goal, and the one concept that is unanimously accepted is the aspiration to improve the quality of care for all citizens across the United States at the highest of standards.
It is important for all individuals to be knowledgeable in health care law, which governs the legal relationships of patients, physicians and other medical professions, and health care insurers to one another. Being familiar with health care law will help individuals as they make important and difficult decisions about their health and care. Two important ones to review below are the Health Insurance Portability and Accountability Act of 1996 (HIPAA0) and the Patient Protection and Affordable Care Act (PPACA), which is more commonly known as Obamacare.
Patient Protection and Affordable Care Act (PPACA) is a U.S. federal law passed by President Obama in March 2010. Under this act physicians and hospitals was to transform their practices financially, clinically to produce better health results, and lower health costs. The ultimate goal for PPACA was to change and improve the existing health care insurance industry, expand coverage and access to care, improve the quality of the health care delivery system, and control the cost and start new revenue sources to pay for PPACA initiatives. There are three main departments that regulate PPACA such the Internal Revenue Services, the Department of Labor, and the Department of Health and Human Services.
The Alliance for Health Reform October 2010. Enactment the Patient Protection and Affordable Care Act (PPACA) was enacted by Congress on March 23, 2010. The three federal agencies people of interest were the Department of Health and Human Services (HHS), the Department of Labor and the Department of the Treasury. When making rules for health care plan one of the three types of rulemaking policy procedures are used which include formal, informal and negotiated. Informed rulemaking was more likely used in planning policymaking decision in the health care policy
The Patient Protection and Affordable Care Act (PPACA) was signed by President Barack Obama and passed by the United States legislative March of 2010. This Act was created in order reform the current health care system. The Affordable Care Act covers a multitude of individuals including: low income individuals, disabled, children, terminally ill, and employees. This law focuses on expanding insurance coverage, controlling the cost of health care services, treatments, bills, etc., and improve the access of health care to these individuals. Preventative health care is a major concern in the American health care system and the PPACA helps promote prevention. This Act allows for easier access to preventative services within communities and health