Advantages Of Twinning In Healthcare

Partners HealthCare is a non-profit, health system located in Boston that created a data based transformation (Davenport, 2013). It integrated a new system that aligned the participating organizations to cohesively run as one and to help shape the future of the organization. The system didn’t stop there as it was responsible for bettering the patient financing experience and the delivery of healthcare information to other organizations (Davenport, 2013). The initial goal of the organization was making patient care more affordable and accountable by providing integrated, evidence based, patient-oriented care.

In 1997 University of California, San Francisco (UCSF) merged its two public hospitals with Stanford’s two private hospitals. The two separate entities merged together to create a not-for-profit organization titled UCSF Stanford Health Care. The merger between the health systems at UCSF and Stanford seemed like a good idea due to the similar missions, proximity of institutions, increased financial pressure with cutbacks in Medicare reimbursements followed by a dramatic increase in managed care organizations. The first year UCSF Stanford Health Care produced a profit of $22 million, however three years later the health system had lost a total of $176 million (“UCSF-Stanford Merger,” n.d.). The first part of this paper will address reasons

Founded in 1946, Seattle’s Group Health Cooperative was created by doctors and community members who believed that there needed to be a health care program that was affordable, member centered, and held principles of social justice. This cooperative was one that had been successful for many years, but just recently was acquired by the not for profit Kaiser Permanente health-care company on February 1, 2017 for 1.8 billion dollars. Although Group Health is a cooperative and Kaiser Permanente is a nonprofit healthcare company, they have similar views on how they run their companies because both have missions to put their members and employees first. This is something that the articles stressed because this merge is going to affect thousands of members and employees. I plan on focusing on the process Kaiser Permanente had when wanting to take over Group Health Cooperative, the pros and cons of the final decision to merge the two healthcare programs, and ultimately how Group Health’s marketing and management strategies will be implemented in the merge. (12)

We inspected seven groups where Ascension Health teamed up with other wellbeing net suppliers and associations to accomplish better medicinal services comes about for patients. Taking after a five-stage show, every group set up framework to track the utilization of administrations, grow their limits, coordinate care, and energize the financially savvy utilization of suppliers. These endeavors have accomplished prominent additions, for example, in Austin, Texas, where an expected $5.50 is returned for each dollar spent on asthma care. Challenges remain, including supplier rivalry, insufficient support by clinicians, troubles showing effect, and absence of maintainable financing. Lessons gathered from these group coordinated efforts can be profitable as the country executes wellbeing change, and security net human services frameworks home in on outstanding access

The healthcare system in America started as a predominantly volunteer system where patients were required to pay little to nothing for treatment. Since it began, the healthcare industry has seen tremendous changes that have transformed it into a business entity which has operations like financial management, strategic planning and functional specialties to keep the industry viable. The industry is one of the largest in the country employing 15 million people with a projected increase of jobs with 3 million jobs annually. As the healthcare industry continues growing, services and personnel are changing, and various dynamics are coming into play to accommodate changes (Smith, Saunders, Stuckhardt, & McGinnis, 2013).

Health care administration is defined as the process through which a country, region, or organization mobilizes health care resources. The end goal of health care administration/management is to effectively delegate a limited set of resources (money, manpower, hours) to create an optimal result (positive health outcomes). While the broadest goal is singular across all regimes, the means to access them are divergent. In some countries, such as the United States, market based models have commercialized health care (Woolhandler, 2003). Like any other product, health care in America is to be bought and sold on the open market. While there were alternative options available for the poor and elderly (Medicaid/Medicare), health care access was determined purely by market processes (Woolhandler, 2003).

The state of Minnesota is faced with the challenge of increased health care cost. Budget analyses were conducted which clearly showed that the state of Minnesota needs to develop new strategies that will slow the growth rate of health care spending. Under the direction of the Minnesota Legislature, State Governor Tim Pawlenty requested that a full analysis of the public-private partnerships for Health in Minnesota be conducted. It is the hope that this analyses would lead to the development of an action plan for reformation. In order to complete this analyses as thoroughly as possible, the focus will encompass an identification of the issues, a study of the policy design and implementation, organizational behavior, leadership, principles of management, budget and finance, and economic factors.

The United States can boast of being the country with the best technology in the health industry, the best expertise and also the best infrastructures. However, these services are not readily available to all due to the relative cost and mostly lack of health insurance. In some situations, the health insurance may be available but coverage is limited and with tentacles of restrictive clauses. For years these have been the measure of our healthcare system and long overdue overhaul that became eminent via the Obama Care in 2010 also known as the affordable care act. The rapidly rising health care costs over the decades have prompted the application of business practices to medicine with goals of improving the efficiency, restraining

Through the Internet, massive amounts of information are just a click away. Healthcare professionals, media, and government agencies encourage people to make informed decisions pertaining to their health. Therefore, people may choose their hospitals through reported statistics. Governing organizations motivate hospitals by what they required to report. Hospitals are analyzing expenses to cut costs and improve the quality of care. Consequently, institutions inspire hospitals through financial awards or prestigious designations to move forward.

The United States healthcare delivery system is a uniquely developed system that involves various features, components, and services. The US delivery system is massive, with total employment in various healthcare settings of qualified medical professionals that provide key functions to delivering quality healthcare. The market-oriented economy in the United States attracts a variety of private entrepreneurs driven by the pursuit of profits obtained by carrying out the key functions of healthcare delivery (Shi et al. 2015).

Johanna Bellon, MS, CFA is a PhD student working at the University of Pittsburgh Health Policy Institute with Everette James. Prior to beginning the PhD program, Johanna worked as a financial consultant in the Healthcare Industry Group at Alvarez and Marsal. She consulted on a variety of projects, involving qualitative and quantitative analysis to achieve acquisitions, restructurings, and strategic realignments within large health systems. From this work she developed an interest in how healthcare organizations innovate and effectively achieve sustainable changes within a challenging and turbulent environment. She is currently working on four research projects within the National Center on Interprofessional Practice and Education that explore

Co-ordination of care Once a care plan has been agreed it is important that all the services that the resident needs are effectively co-ordinated. Many end of life care cases are complex and involve residents receiving care from many different professionals from many different agencies and organisations. A lack of communication and co-ordination can result in the unnecessary hospitalisation of care home residents in contradiction of their wishes to be cared for, and to die, in their care

This paper will focus on the health-tech business and takes a look at Philips’ strategic plan, capacity plan, and how it implements these into its portfolio management process. I will be going over the program management plan and how projects are managed as well as identifying any conflicts in cost, schedule, or quality and how to resolve them. Additionally, there will be a change management plan that focuses on managing organizational and cultural changes. I will also create a resource utilization plan to analyze and plan resources.

For several decades health care has been tied to the economy and with the current downturn we see continued efforts to control and reduce over-head costs. Health care organizations in their effort to become more efficient and address changes in the industry have altered their strategic business plans. Lee & Alexander (1999) researched organizational change in hospitals and their survival, in this paper I hope to discuss their findings and add other examples to validate their conclusions.

A major problem in the manufacturing world today is product recall. Some examples are food, automotive industries, and drugs, they risking the lives of many Americans and hurting companies greatly. Recently Samsung Electronics Co. has made a global recall of 2.5 million of their Galaxy Note 7 smartphones after many of their phones exploded while charging. This caused the company close to $1 billion. How do we stop this from happening? The answer is the Digital Twin. The Digital Twin is defined as a computerized companion of physical assets that can be used for various purposes. It uses data from the sensors installed on physical objects to show their near real-time status, working condition or position. With the information given it then can predict future behavior and performance of the physical product. Every manufacturing company should have this program to prevent recalls, save money, and speed up their production time.