Sharp Healthcare is a large healthcare organization that has set a of goal of being the best place to work and the best place to get healthcare. They have accomplished a lot toward both of these goals by implementing their Six Pillars of Excellence. Sharp focuses on re-recruiting their employees, and use feedback with re-training for employees that are falling short of the company’s expectations. They also implemented patient surveys to acquire feedback from those receiving care so that they can improve the quality of care within their organization.…
Market Analysis for Pocahontas Memorial Hospital Rural Satellite Clinic For health care centers to remain competitive, it is important for them to conduct a comprehensive market analysis to properly understand important issues affecting their health care marketplace (Ginter, Swayne, & Duncan, 2012). An effective market analysis consists of the following elements: industry overview, target customers, market segmentation, competition and market needs, growth, and trends (CSU-Global, 2015). This paper discusses the components of a valuable market analysis and strategic thinking map for Pocahontas Memorial Hospital’s (PMH) that will help them when making strategic decisions and developing strategic alternatives for its’ proposed rural satellite…
Traditional business organizations for several years have witnessed the dynamic growth and success of digital organizations who have built their corporate strategy on a technology platform. They now understand the power of a technology based strategy and have started to build their own digital platforms that will become their new business strategy and a tool for competitive advantage to gain market share. A digital platform is a technology enabled business model that follows an innovative approach and creates immediate value. The benefits of a digital platform include revenue generation, cost reduction and supports innovation for new products and service development. The underlining strategic intent of Trinity Health growth-through-acquisition…
Health organizations are consolidating in order to create economies of scale which decreases the per-unit cost of care while increasing quality of care. More health organizations are forming health systems by becoming vertically integrated, which offer consumers a one stop continuum of care model (Shay et al., 2013). Vertical integration links services that are at different stages in the process of health care. By integrating a continuum of care health organizations are able to enhance quality of patient care and sustainability, in a highly regulated and competitive marketplace.…
Novant health UVA, Haymarket campus is a 501 c 3 non-profit organization with a 60-bed community hospital. The center is located in the Northern Virginia Region in the city of Haymarket. The Haymarket community and other surrounding communities depend on the center for their healthcare needs. Its mission is to improve the health of communities, one person at a time and its vision is the deliver the most remarkable patient experience, in every dimension, every time. The center target population includes individuals from the city of Manassas, Gainesville and Haymarket of all ages with wide range of health issues.…
Chapter six focuses on the need to have a culture of discipline. A Good to Great Company, has self-disciplined employees that work within a structured framework yet has the freedom and responsibility to make decisions within the framework. These individuals are extremely self-disciplined and do not need managing, they are willing to go above and beyond to meet their requirements. This discipline is from within the individual not a directive from the leader.…
The next type of physician/hospital alignment model is the clinically integrated models or CI’s. The basic idea of CI’s is that when multiple healthcare networks work together using measures and guidelines it influences various factors in a hospital. These factors including improving the care provided to patients, reducing costs, and adding value back to the market. The target market for this model after these various factors are reached is payors and larger employers. Health systems are the ones to initiate the first interaction between CI networks and payors.…
Case Analysis of Health Information Services After reading and analyzing the case study by Elizabeth Layman, titled “Job Redesign for Expanded HIM Functions” I will talk about how the principals of goal setting are applied in this case, how the principals of job enrichment are applied in this case and what the outcomes of job enrichment are. Lastly I will be discussing the impact of job enrichment on motivation and communication in the HIS departments. There have been many changes in the Health Information Services (HIS) Departments, such as electronic health records and the health care delivery system. All of these changes have caused employees of that department to work harder.…
The adaptive strategies offer an organization the basic methods of achieving its vision by adapting to the environment. A healthcare organization may apply adaptive strategies by allowing its staff to grow their performance more than its complexity grows. In contrast, a market entry strategy indicates the technique of applying adaptive strategies through internal development and cooperation to deliver services to a target client base. A better strategy for a healthcare organization would be whether to source products, invest in or control a certain market. Competitive strategies, on the other hand, ascertain the strategic posture of an organization and identify the basis for competition.…
This learned strategy will then create competitive advantage and bring long term value to the healthcare organization. As challenges increase today due to high population demand with new chronic disease I realized the importance on creating modernized tools to differentiate from others in order to stay in business. Create a culture of…
Strategic Alternatives Decision making, corporate strategies, and evaluating goals and initiatives in the healthcare industry are greatly influenced by the Affordable Care Act and other recent legislation passed during the last ten years. Not only did the number of insured individuals increase, organizations are now forced to contain costs while increasing the health outcomes and experiences of the individuals utilizing the services. While the overall goals are the same for each organization, how each organization reaches the goals is as different as each individual organization. This paper will discuss five articles related to the strategic alternatives in health care organizations and provide information on how the information may be helpful to an…
ASSIGNMENT 1- Da Vita HUMAR RESOURCE MANAGEMENT SEMINAR HMRT-887 Reshma Shivdasani- 1053319 I. Discuss DaVita 's business strategy in light of internal and external factors that we have been discussing in class, and be sure to do a SWOT analysis. The attached industry report and your own research may provide relevant data. Vision of the company: Building the greatest dialysis company the world has ever seen.…
The case, ‘Santander Acquires Abbey: The Jack Project’, applies a general strategic management focus to an analysis of the ‘Jack Project’, the Spanish banking group’s IT centric project to acquire Abbey.…
Due to the constant restructuring in the health care industry, organizations are embracing strategic management to keep up with competition and stay afloat. This has been possible due to organizations’ commitment to anticipate environmental changes. Health care organizations are thus using business strategies to ascertain how to compete in their individual markets. However, while trying to develop strategies, organizational strategists have to consider how to achieve the impacts of the strategies, expand such impact, as well as how to organize to get the strategy done and at what cost. 6.…
A total integration is required to create value and not only financial transfers or risk sharing. 3. Discuss the United-Continental merger from the perspective of the Competitive Advantage…