Memorial Sloan Kettering Memorial Sloan-Kettering Cancer Center impacts communities in New York, New Jersey and globally by providing information on cancer prevention, patient care, education and research (Vance & Hollis, 2015).
In preparing a SWOT analysis of the external and internal forces faced by this organization include, strengths which includes the organizations ability to connect and provide information regarding cancer treatment, prevention and research that impacts the community locally and globally. As I mentioned previously MSKCC experienced issues with recruitment to child care and housing barriers. If these barriers were not addressed and corrected through benchmarking the end results could of attributed to negative factors …show more content…
In order for on organizations financial success it is imperative that continuous quality improvement measures are taken on a consistent basis. Quality and marketing strategies are extremely important and go hand in hand with the overall financial success of an organizations financial management …show more content…
Reimbursement within the healthcare system is changing consistently and many issues and concerns can arise with those changes. Memorial Sloan-Kettering Cancer Center receives reimbursement from a variety of payers on a state, federal and private pay level. An example of one of the types of reimbursements used at Memorial Sloan-Kettering (MSK) is “Fee-for- service reimbursement”. With this type of reimbursement providers receive payment for each service that is made (Hagland). There are advantages to this type of method such as independence to policy holders and some disadvantages are the risk of uncertainty and high copays and deductibles for patients. Examples of a “fee-for-service” reimbursement are managed care and self-pay. There are a wide range of insurance companies that provide coverage at Memorial Sloan-Kettering. Some of the more common insurance companies that provide for and pay for services at MSK are Aetna, Blue Cross Blue Shield, CIGNA, HIP Medicaid, TRICARE, and United Healthcare. In addition to the various insurance companies that pay for services MSK also provides financial assistance for those without health insurance or to those individuals covered under an insurance that is not listed under MSK insurance companies (Insurance and Assistance,
In preparing a SWOT analysis of the external and internal forces faced by this organization include, strengths which includes the organizations ability to connect and provide information regarding cancer treatment, prevention and research that impacts the community locally and globally. As I mentioned previously MSKCC experienced issues with recruitment to child care and housing barriers. If these barriers were not addressed and corrected through benchmarking the end results could of attributed to negative factors …show more content…
In order for on organizations financial success it is imperative that continuous quality improvement measures are taken on a consistent basis. Quality and marketing strategies are extremely important and go hand in hand with the overall financial success of an organizations financial management …show more content…
Reimbursement within the healthcare system is changing consistently and many issues and concerns can arise with those changes. Memorial Sloan-Kettering Cancer Center receives reimbursement from a variety of payers on a state, federal and private pay level. An example of one of the types of reimbursements used at Memorial Sloan-Kettering (MSK) is “Fee-for- service reimbursement”. With this type of reimbursement providers receive payment for each service that is made (Hagland). There are advantages to this type of method such as independence to policy holders and some disadvantages are the risk of uncertainty and high copays and deductibles for patients. Examples of a “fee-for-service” reimbursement are managed care and self-pay. There are a wide range of insurance companies that provide coverage at Memorial Sloan-Kettering. Some of the more common insurance companies that provide for and pay for services at MSK are Aetna, Blue Cross Blue Shield, CIGNA, HIP Medicaid, TRICARE, and United Healthcare. In addition to the various insurance companies that pay for services MSK also provides financial assistance for those without health insurance or to those individuals covered under an insurance that is not listed under MSK insurance companies (Insurance and Assistance,