They have been buying up the health care market to lead to their goal of an integrated continuum care system. Kindred Healthcare continues to be one of the largest post-acute care hospital systems amongst the united states. They have recently acquired Gentiva and still have more outstanding acquisitions. Kindred Healthcare continues to deploy strong market tactics to remain a top player in the healthcare
CMG continues to compete side by side these big/small business by standing by what they have always pride themselves in and that?s the quality food, cultural impact, tasty food, brand name, fast service, better pricing and consumer services (McGrath, 2013) CMG has many resources to help them remain competitive. They?re strategy to this is simple, they focus their time and energy to satisfying the customers and keeping them as a priority as opposed to making their competitors. Another resource they have available is the 1700 locations they have. This ensure that they are able to reach out to every customer they possible can. CMG intends to promote the significant Mexican culture in offering its products.
Over the past ten years, I’ve seen the merging or acquisition of many hospitals and healthcare facilities (i.e., Aria buying Frankford Hospital Systems), giving the joint venture the competitive advantage in the marketplace (Harrison, p. 188, 2016). Besides having a competitive edge, this model has increased innovation combined with shared expertise, technology, and collaborative research. The joint venture continuum of care aligns with the same strategy and vision, trust and values; subsequently, the operational and financial goals are in sync as well. However, the disadvantage to this is if the above characteristics do not have similarities, there is a chance that the joint venture has an increase of eventual breakdown or
A case study on Healthco The case study of private health insurance company, Healthco, addresses key issues related to bureaucratic leadership, weak organisational culture and insufficient communication. 1) One key issue Healthco face was the problem of bureaucratic leadership. The CEO of Healthco is well-respected in the healthcare industry. He had established Healthco’s reputation for its extremely competitive and aggressive approach towards price and expansion. These traits had allowed Healthco to be an organisation that is pragmatic, opportunistic and productive.
Accreditation of Cancer Treatment Centers of America The Cancer Treatment Centers of America (CTCA) are a network of five hospitals serving adult patients suffering from cancer. The CTCA is a non-profit organization offering an integrated treatment system ranging from physical approaches like surgery to genomic testing and emotional approaches, which are backed by evidenced-based therapies, that aim at improving the quality of life of the patients during and after the treatment. All CTCA hospitals are separately accredited. The accreditation process is usually a voluntary endeavor where external peer reviewers assess a health care organization by comparing it with already established performance standards (Cancer Treatment Centers of America,
The model of the Five Competitive Forces, developed by Michael E. Porter, is based on corporate strategy, industry structure and the way they change. Porter has identified five competitive forces that shape every industry and every market and they determine the intensity of competition and hence the profitability and attractiveness of an industry. We further look into how the strategy and industry structure is placed in the field of healthcare and hospitals and analyze the attractiveness of the overall industry. 2.2 Rivalry among competitors Industry Rivalry is one of the 5 forces used to determine the intensity of competition in the industry. Competition in health care is the potential to provide with a mechanism to reduce cost and hence accessible
Furthermore, this hospital also has inculcated the habit of solidarity in its working environment. It has generated single-minded dedication to the organization's mission and goals. This hospital has attained the prestigious JCI accreditation as a result of maintaining solidarity with respect to attaining objectives. It has helped this institution to become a more unified and patient focused organization, offering patients a consistent service and experience across all its facilities. The work roles are clearly defined in clinical policies and understood and everyone is encouraged to work for the overall good and everyone is held with high regard.
We might have to go so far deep into a crisis that we have to pay attention more, but the payoff could be incredible. As of now ¨Overall, the hub is helping to achieve better outcomes at less cost and the demand is finally being met. Now, primary healthcare practitioners are referring patients directly to the online therapies, which is improving the general mental health of the population with a minimal financial input¨ (Finland
Outpatient services “eliminates inefficient, ineffective or unnecessary processes in a hospital setting” (Grubem et al., 2013). Not only does this benefit the hospitals with expensive procedures but it also helps the patient with costs. This will also benefit the hospitals so they could have more room for patients who really need to stay in the hospital for more serious diseases or use the hospital beds for “community based emergency” situations (Torrens & Williams, 2008). Other forms or alternative medical care is also available to patients such as chiropractors, acupuncture, or other holistic medicine that can help in a person’s well-being. There are more and more people turning to alternative medicine especially to those who do not have health insurance or ones that cannot afford “conventional” therapy because it is too expensive (Shi & Singh,
This separation of ambulatory from inpatient care creates complexities as providers try to support patient comfort and recognize the need for some similar support structures that are costly to duplicate in multiple locations. Given changes in healthcare policy, diseases affecting the population, and economic factors, the ambulatory care centers of the future will be reflections of all the issues as a physical response. (Barker, Pocock, Hobbs, & Inc., 2015).” With the help of the Affordable Care Act, the goal of delivering and sustaining quality health care through the use of ambulatory services will help improve the current state of the American health care system by providing provider incentives and enable patients to make better lifestyle choices for