Question

Review the following scenario:ABC Hospital is a small, privately-owned community hospital. It has been struggling to survive financially, as reimbursement rates have declined and consumers are being drawn to the larger state-of-the-art hospital facilities in urban areas that are perceived to have better quality. ABC Hospital was built in 1960 and has been operating in the same manner for many decades. The hospital meets legal and regulatory requirements but has not kept pace with some of the newer technologies and patient conveniences becoming more prevalent in the health care industry. Discuss the following with the class, providing specific examples to support your answers:

What strategies can the organization take to survive, improve its performance, and compete with other hospitals over the next 5 years?

What are some advantages or disadvantages of these strategies?

Answer 1

Privately-owned community hospital in the nation facing major financial challenges. Many health care facilities not expanded Medicaid make more financial pressure. For patient protection and the Affordable Care Act, Medicaid expansion was important. Due to increasing high-deductible health plans, many people can not use health care services. Community hospitals to become a larger system using marketing, technology, economies can deliver the best services with less cost.
Strategies to overcome these issues:
- Decreasing patient volumes in the community hospital they need to determine the market the place with competitors where they lose the patient. engagement surveys help with this community for a proper market survey for proving healthcare at less cost.
- community hospital needs to make significant technology investments like implementing an EHR system. Federal government offering some support to small community rural hospital for purchasing health IT products, health resources, and services. Their major percentage of capital allocation on technology can improve their investment. partnerships with larger systems can help improve sharing resources and avoiding more cost and local control.
- The investment will be the top option for understanding the cost of the care. IT system adoption for community hospital help monitors the cost in real time on a daily basis with less cost option like outsourcing.
- High-deductible health plans by avoiding unnecessary ER visits and improving billing practices can decrease bad debt problems because many patients they can not afford for health care services they receive they prefer Medicaid services they receive in an ER.
Advantages:
- Financial pressure can reduce
- they can achieve success in the market.
- There will expansion in equipment, resources, IT health, alliances.
-improve about competitors market level.
Disadvantages:
- the workload for employees increases
- Excess capacity makes problem in policy and technology.
- They can be low-quality care and customer satisfaction
- Lack of skills to managers cause outsourcing failed.
Disadvantages: