For one, when put into comparison with other healthcare financing systems, Singapore has proved to be above average. It functions well; the equity and problems are balanced out, thus drawing a lot of attention internationally (Abeysinghe et al.). As mentioned earlier, Singapore’s healthcare policies are well developed in maintaining the economic stability. Singapore has been channelling less than 4% of its GDP to healthcare. On the contrary, the global health expenditure average is 8% of the GDP (Financing Health Care).
P&G has changed their strategy to a large extent. They went from a company that was focused on brand management to a company that focuses on category management. Instead of relying completely on branding, they decided to concentrate on customer satisfaction to drive sales by restructuring SKU 's that were tailored to customer 's needs. The shift from buyers to category managers positioned P&G to identify higher selling products in each category and maximize revenue generation by demonstrating to the retailer 's that P&G brands generated more profit per unit of shelf space compared to other products in the same category. The Sale of the CRP system to IBM was a major strategic move by P&G to standardize the industry as a whole, which in turn allowed P&G and its customers to improve internal processes and
The advantages that HCG commands over other international cancer care establishments are: 1. Hub and Spoke model – This is a unique structure which gives HCG tremendous advantage in cost, revenue, quality and ease of access as compared to other centres which are either full scale standalone centres or work as a JV embedded in a hospital as a department. This restricts their expansion and the control and quality of treatments. 2. Centralised Hub rationalizes talent requirement – With a shortage of skilled specialists and nurses across the world, the requirement for a large number of personnel is reduced due to the hub.
Threat of new entrants Over the years, P&G has dominated the consumer goods industry in the world. However, in the recent past, there has been a notable increase in the number of investors in the industry. When these new competitors get into the market, they usually come with new technologies and that has allowed P& G to cede some market share. The thereat of substitutes; the presence of a larger pool of substitutes to the products that the company produces is a source of threat to the operations of the company. In this regard, a number of consumers are presented with an array of options from which to choose their goods.
But, these three companies does not offer pension scheme for their employees. The four companies have the advantages or disadvantages in their different compensation policy. From the society’s perspective, different people had their different demand, and they cannot determine which company has the good design of the compensation of EPF or pension
Additional benefits: Besides some of the generic benefits we have mentioned earlier, there are some additional benefits both of these products boast. For example, you can order each of these without the hectic of arranging a prescription, they can give you multiple benefits apart from the expected ones, each can be delivered worldwide, come with money back guarantee, have amazing discounts on bulk purchases and what not. Hence, on the basis of additional benefits, none of these lack points from the other. Effectiveness: If we compare both the products on the scale of effectiveness, GenF20 plus has a five star rating while HyperGH 14X has three and a half rating. Hence, we can say that GenF20 plus is a better, or say, more fruit bearing
They offer operating capabilities to their customers by adding value, convenience, and increased accessibility by allowing their brands to be found in more locations and supplying convenient and quick health clinics. Also, to their investors with growing revenue and increased growth rate, as well as, value to their employees through employee discount and by providing a healthy and promising work environment. CVS’s competitive advantage adds great value and some rarity in their industry. As far as imitating goes, Walgreens and Rite Aid have already made great strides in this direction. Rite Aid being the only other company to have PBM since Walgreens’s was recently acquired back in 2011.
Advantages of Medisave Amidst the rising healthcare costs, healthcare services remain affordable as Medisave helps Singaporeans to save up for future medical bills instead of spending their money somewhere else (Wolf, 2010). Hence, when the need arises, Singaporeans are able to tap on their Medisave account to pay for their medical bills instead of large ‘out of pocket’ payment which may be difficult for those financially strapped such as the low income groups (Abeysinghe, 2014). Medisave also
Managers who wholeheartedly invest in P2PC repeatedly report back about the wealth of previously untapped knowledge that they have discovered within their people. To paraphrase, it often sounds like this, “Who knew these people were so brilliant? Why didn’t they ever tell me this stuff before?” How is this a different benefit than the others listed so far? Managers grow in the faith and belief they have in their people: they expect more so that they themselves feel released and babysitting and micro-managing steadily disappears. The quality of delegation also improves dramatically.
Next, “3M” (Medisave, Medishield and Medifund) system also emphasized by Singapore’s MOH in order to nation improves personal responsibility towards healthy living. Lastly, the government has to keep the health-care costs down by controlling the supply side of the health-care services and providing heavy subsidies at public health-care