An Organizational Analysis of Heartcare Midwest, S.C. Essay examples

2951 Words Sep 17th, 2006 12 Pages
HeartCare Midwest is central Illinois' largest cardiology practice consisting of nineteen physicians and more than two hundred nurses, medical technicians, and administrative staff in more than twelve counties throughout the state. Founded in 1994, HeartCare Midwest is the product of a corporate merger between the well-established practices of Cardiovascular Medicine and Illinois Heart Institute. Having more than two hundred years of experience between them, HeartCare Midwest physicians' hold medical and advanced cardiology degrees from such impressive universities as Duke, Harvard, Princeton and the University of California at Los Angles. HeartCare Midwest's affiliations with major medical centers in the area like Saint Francis, …show more content…
The fundamental ideas behind making such a radical change from a single entity practice to a multiple entity practice is simple. Market forces are driving health care prices drastically down and profit from treatments and services alone are no longer adequate for survival. In addition, insurance companies are beginning to dictate where their customers receive health care and also the price a provider is paid for services rendered. Most insurance providers are beginning to look for health care organizations strategically positioned to offer medical services at reasonable prices, diversified medical services under one roof, and demonstrate strong alignments with leading medical centers in the area. As a result, HeartCare Midwest must undergo a facelift to survive changes in the health care industry. Competitive Environment HeartCare Midwest's competitive environment is significantly reduced over a non-specialized practice. Cardiology, in comparison to internal medicine or gastroenterology, is in a far better position to shield itself from direct competition. Statistically speaking, one out of 500 people who become physicians will choose the field of cardiology. The field of internal medicine, however, has an inflow of physicians at a rate of one in 10. The American Medical Association (AMA) attributes this to the six
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