Value Proposition in Patient Care
For this assignment, you will assume that your are the new hospital administrator and you have been tasked with improving the service value of the hospital. The administration has not done this process since the hospital began operating in the year 1995. The investors are not familiar with the value proposition strategies of hospitals in current-day America.
Note: You may create or make all necessary assumptions needed for the completion of this assignment.
Write a 4–6 page paper in which you:
Articulate the meaning of value-added service as it pertains to patient care services, and argue the major reasons why it matters to add value to patient services. Justify your response.
Outline a system for identifying the functional areas in which changes might be necessary in order to improve the hospital’s service value. Recommend the key methods that you would use to acquire the information necessary to identify the specified functional areas.
Specify four specific areas where you believe the administration can add value in Paradise Hospital, and argue the most significant reasons why such a value proposition would improve the value of services to the patients.
SAMPLE SOLUTION
Value Proposition in Patient Care
Value-added services provide employers and health plans with an array of choices, such as, adherence and disease management programs, reimbursement assistance, and data products for payers and manufacturers. Today’s value-added services cover a wide scope. They can be as simple as lifestyle management programs that encourage people to participate in exercise protocols intended to help management symptoms of Rheumatoid Arthritis [RA], or as complex as hands-on, day-to-day management of hepatitis C patients so that they take their prescribed dose of antiviral medications. Although their working mechanisms may be very different, the promise of every proposed value-added service is simple: improve patient outcomes, and consequently, save money.
