What is virtual vertical integration? How might this strategy lower healthcare costs and improve quality?
Ans.
Virtual Vertical Integration: Innovation through Supplier Partnerships. “Vertical integration is an arrangement in which the supply chain of a company is owned by that company…” ... The industrial revolution created giant corporations and an onslaught of innovation and patents.
An example of vertical integration is a retailer, like Target, which has its own store brands. It owns the manufacturing, controls the distribution, and is the retailer. Because it cuts out the middleman, it can offer a product like the brand name product at a much lower price.
Hospitals and practices claim vertical integration in healthcare will improve care coordination, eliminate redundancies, reduce waste, and improve care quality. For example, two independent physicians who joined Morris Hospital in Illinois explained that they made the decision for their patients.
Vertical integration in health services: theory and managerial implications. ... A vertically integrated health care system is an arrangement whereby a health care organization offers, either directly or through others, a broad range of patient care and support services.
What is virtual vertical integration? How might this strategy lower healthcare costs and improve quality?
o What are the benefits and challenges of growing through internal expansion? Acquisition? Network and alliance? o What is virtual vertical integration? How might this strategy lower healthcare costs and improve quality? o The promises of horizontal integration include improved efficiencies and greater market power. Which of these benefits is most easily achieved? Why?
Discuss the advantages and disadvantages of either vertical integration or virtual integration from both the aspect of the healthcare consumer and of healthcare providers. Respond to at least one other post that discusses the other integration pattern.
What is the vertical integration strategy and what are two main types of the strategy which of the two should a company choose when it wishes to match or beat supplier production affectively and quality?why ?
How does this HIMSS help to improve healthcare quality, access and healthcare cost?
What are 2 strategic advantages of a forward vertical integration strategy?
How does it improve the health service quality and future healthcare need?
How does telehealth improve the health service quality and future healthcare need?
CHAPTER 7: THE EXTERNAL ENVIRONMENT AND ITS RELATIONSHIP TO STRATEGY How is quality determined in healthcare?, and How is clinical quality different from service quality?
Vertical integration is becoming an increasingly common strategy in the broadcast and entertainment industries. What are the likely consequences of these trends over time?