Dresding Medical Since founding her company over ten years ago, Dr. Laura Dresding had never been either so anxious or so enthusiastic about the future of Dresding Medical (DM). The company had enjoyed considerable success, both financial and in terms of market share by designing, manufacturing and supplying a range of medical equipment to hospitals and clinics throughout the USA. Starting with cardiovascular devices, their range expanded to include neurological stimulators and monitoring diagnostic devices. ‘Success has come largely from our research and development culture. Although around 50 per cent of our total manufacturing is done in-house, our core competence is an ability to understand the needs of clinicians and translate …show more content…
Also, for the first time, we need some kind of logistics capability. I’m not sure whether we should deliver products ourselves or subcontract this. Manufacturing faces a similar dilemma. On one hand it is important to maintain control over production to ensure high quality and reliability; on the other hand, investing in the process technology to make the products will be very expensive. There are subcontractors who could manufacture the products for us, they have experience in this kind of manufacturing but not in maintaining the levels of quality we will require. We will also have to develop a ‘demand fulfillment’ capability which will be able to deliver products at short notice. It is unlikely that customers would be willing to wait the three months our current customers tolerate. Nor are we sure of how demand might grow. I’m confident that growth will be fast but we will have to have sufficient capacity in place not to disappoint our new customers. We must develop a clear understanding of the new capabilities which we will have to develop if we are to take advantage of this wonderful market opportunity. Who knows, it could become the first step in transforming the whole company. I see no reason why, eventually, we should not move into running health management clinics ourselves. We are already developing technologies that could monitor patients at a distance. We can even re-programme implanted devices, without
Art Beaumont, the newly hired president of MediSys Corp, created a core team in August 2008 in order to accelerate the IntensCare project. Team consisted technically competent employee in six areas: research and development, engineering, software design, production, marketing and regulatory affairs. Jack Fogel, a senior production manager was assigned the project leader. IntensCare project was very important to the success of Medisys but the team had very tight schedule. However, differences started to emerge soon after which obfuscated the future of IntensCare project.
these devices. In so doing it had extended the lives, and improved the quality of life, for hundreds of
2. After reading the reports by the Institute of Medicine, NLN “Excellence Initiatives”, and the IPEC “Core Competencies
In the healthcare industry, services provided by the healthcare staff are converted mainly by the inputs such as: Doctors, nurses, hospitals, medical supplies, equipment and laboratories. The processing involved in the healthcare industry includes: examination, surgery, monitoring, medication, and therapy. The output of the mentioned process would of course be healthy patients (Operations Management, 2004, p.6). Healthcare workers have a higher degree of customer contacts, for the customers are our patients that we provide comprehensive care to. Services, such as providing healthcare have a variable amount of inputs for a specific case. For instance, a critical care patient may need several nurses that need to attend to all of the needs for that patients, whereas, a telemetry patient may only need one nurse to provide care for. The measurement of productivity in healthcare services is also more difficult than the manufacturing of goods. In healthcare, it is rather difficult to measure the productivity of healthcare providers because healthcare is not quantitative. Less inventory is needed on hand in providing services (Operations Management, 2004, p.6 & 7). The scope of operations management in healthcare requires several different activities performed. Forecasting in healthcare may include ordering sufficient amounts of flu vaccines half a year ahead of time
Porter’s five forces analysis provides a methodology to evaluate the external markets. Its consideration of substitutes, threats and power of buyer and supplier assists with the development of an integration strategy. A thorough analysis can isolate attractive opportunities in support of building a profitable business model. These strategies can leverage vertical and/or horizontal integration of new business entities. These entities are designed to help with growing market share, increase efficiencies and/or reduce costs. During the 1990’s many hospitals pursued a combination of both vertical and horizontal integration. The goal was to create an integrated delivery network (IDN) designed to improve their economic performance.
in England a serious case review is an examination of all the evidence presented if a child dies as a result of suspected or actual abuse or neglect. Other parts of the uk have their own
Firstly, we will look to making a new product that will be useful in the same sectors of the healthcare industry. Given that we will have a flexible working process and reliable equipment; we will investigate the possibility of using the same ingredients. A possible product that will be a good fit for what we currently have is a biodegradable glove. Our team will also develop a survey to determine the customer preferences for this new and potential product. On the other hand, our team will consider expanding our products to relevant healthcare companies within the entire New York state. This will be relatively tough to achieve, but it is attainable by scaling up our manufacturing process very carefully, properly accounting for transportation costs or other similar logistical expenses, and adding all the new customers (the hospitals, nursing homes and potentially others) to our clientele with enough time in-between. A potential plan is to add the hospitals in Western New York first, then add those in Central New York about 1.5 – 3 months later before adding others like Long Island and the five boroughs of New York City after a similar time
We should look into the services that this other nearby hospital is providing in their wellness center, and we should extend our services to the ones they are not offering. Our wellness center should also include a retail store to allow the patients to purchases the products that we use on them. I know this will require a specially trained staff, and we will make sure that the staff is qualified with all certifications needed.
Most hospital CFOs IN ADDITION TO Health facts Managers are generally turning to outsourcing, which is another word regarding subcontracting. currently my partner and i face hard times with ever tightening budgets, unrealistic deadlines, AND ALSO vast quantities of information which might be obtaining further challenging to manage. your sole product or service seems for you to lie with outsourcing most of the tasks, similar to Medical Billing Services. Here are usually 10 signs giving an green code with regard to investing with outsourcing Medical Billing Services.
Their existing system and reputation have already set them apart as a market leader and has proven to be a profitable setup. However, there is still an unmet demand. Option 1 to add 50% more beds may not be beneficial if we don't also increase operation. Increasing the number of bed by 50% would not be advisable unless they would add more surgeons and operating rooms because the existing operating
Distribution: With the growth of medical IT, retailers need to include telemedicine products to keep up with consumer demand. Strong national distributors like Shoppers and London Drug have already established themselves as trustworthy suppliers of healthcare products and give strong brand equity to the products they stock.
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.
The vertical integration of J&J into health services was a win-win for the company, employers targeted as customers, and employees (Sarasohn-Kahn, 2008). The expanded growth capability through acquiring companies in the downstream will continue to help the organization offer more products and services. The current problem is that with various product offerings the quality and safety guidelines may have been overlooked. The product recalls have been a result of poor quality management and errors in the manufacturing process. The key benefits of backward vertical integration are: more control over the manufacturing of J&J products, advanced technology, and more trusted industry experience. If J&J has greater control over the upstream (selection of raw materials, production, manufacturing, marketing, and distribution) then greater stability and higher quality goods will be sent to retailers.
Michael Stefanic, director of cost management at Owens & Minor (O&M), a medical and surgical supplies distributor and Daniel Borunda, material systems manager at Virginia Mason (VM) Medical Center came together to try to battle healthcare costs and improve the healthcare supply chain. Virginia Mason, a private non-profit healthcare organization based out of Seattle, offered both primary and specialized care and developed the Virginia Mason Production System (VMPS). The VMPS was a modified version of the Toyota Production System that helped VM work towards its goal of being a quality leader, emphasized line-level employee teamwork, and fought for a zero defect rate. The components of VMPS included value-stream mapping
focus on a small client base of academic medical centers while perfecting the market positioning and