¶ … Medicaid and Medicare Value-Based Purchasing A value chain is defined as "a linked set of value creating activities that begin with basic raw materials coming from suppliers, moving on to a series of value-added activities involved in producing and marking a product or service, and ending with distributors getting the final goods into the hands of the ultimate consumer" (Wheelen & Hunger, 2009). The process of improving raw goods along a value chain until a product is ready to bring to market includes chain segments such as uphill and downhill, and the effective supervision and analysis of its value chains is paramount to a corporation's ability to grow and thrive. The center of gravity along any value chain is defined as "the part of the chain that is most important to the company and the point where its greatest expertise and core competencies lie" (Wheelen & Hunger, 2009). Speaking of the medical field specifically, an example of a value chain can be found in the Wharton School's Study of the Health Care Value Chain, which examined "three major players at various stages of the value chain: producers (product manufacturers), purchasers (group purchasing organizations, or GPOs, and wholesalers/distributors), and health care providers (hospital systems and integrated delivery networks, or IDNs)" (Burns, et al., 2002). The authors of this comprehensive...
This link is followed by Providers, (hospitals, physicians, and IDN's), Purchasers, (wholesalers, mail-order distributors, and group purchasing organizations), and the value chain concludes with Producers (drug manufacturers, device manufacturers, and medical/surgical equipment manufacturers).
Schneck Medical Center: The Baldrige Award Schneck Medical Center: Overview The Schneck Medical Center according to the National Institute of Standards and Technology -- NIST (2011) "is a 93-bed nonprofit hospital providing primary and specialized services to the residents of Jackson County, Ind., and surrounding communities." The facility as NIST (2011) further points out, offers a variety of primary care services including but not limited to cancer care, noninvasive cardiac care, and
Health Care Reform Federal Deficit The American Health Care Crisis and the Federal Deficit The United States spends more than any other country on medical care. In 2006, U.S. health care spending was $2.1 trillion, or 16% of our gross domestic product. At the same time, more than 45 million Americans lack health insurance and our health outcomes (life expectancy, infant mortality, and mortality amenable to health care) are mediocre compared with
Veterans & Retirees; Is Government Keeping its Promise This study aimed at exploring the experiences and perceptions of Veterans belonging to Lousiana and Mississippi about three variables; the accessibility of organization; the accessibility of benefits and availability and adequacy of the facilities being provided by government through VA. The respondents were also asked to suggest whether there is a need for improvement and what should VA do to provide benefits and
Organizational Leadership and Inter-Professional Team Development This paper aims at analyzing business practices, reimbursement impact, regulatory needs and patient centered care in health care units. In the modern society, patient-centered care has become prevalent and has been embraced by top providers in the industry, ranging from regulatory agencies, policymakers, research bodies and donors. This shift (from physician to patient-centered) can be traced back to the Institute of Medicine's report of 2001.
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