Virginia Mason Medical focalise (VMMC) is a nonprofit hospital run by an cozy administration with all oversight by a public board. When Dr. Gary Kaplan took over as CEO in 2000, VMMC was facing an economic downturn for the first time in its history and losing tens of millions of dollars. In an essay to counter this loss, VMMC management started to trim costs such as halting academic spending that was not favored by medical exam examination professionals. Fierce competition only served to amplify the problem, with several(prenominal) competing hospitals within a one-mile radius of VMMC. The overall health-care industry was similarly encountering challenges of its own due to a damaging report from the embed of Medicine’s patient safety report that claimed medical errors were widespread and rampant in hospitals, causing as umteen as 98,000 patient deaths per year. As a result of two the discouraging safety and financial outlook at VMMC, round morale was also on the decline.
Kaplan’s Response
instantaneously after taking office, Kaplan reviewed spending and business lines across VMMC to acquire opportunities to consolidate less profitable business operations and spring up highly profitable lines.
He shuttered or reduced various business lines, renegotiated contracts with payers and examined productivity by service lines. However, Kaplan accomplished that cost cutting was a short-term fix, not a viable long-term solution and knew that he had to come up with a new strategic plan for the survival and step-up of VMMC.
Kaplan’s first major initiative was to create a new explicit physician compact between physicians and VMMC that embodies the strategic direction that he wanted to take the hospital. In club for his medical staff to fully embrace the new compact, Kaplan purposely made the compact creation a highly collaborative effort. He organized an off-site retreat for all the medical staff to brainstorm ideas and then formed a...If you want to stick out a full essay, order it on our website: Orderessay
If you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment