Riverview Regional Medical Center: An HMA Facility -- Case Analysis
Identify the (6) stakeholder groups for Riverview Regional Medical Center (RRMC)
There are a number of players in the market that could affect or be affected by Riverview Regional Medical Center's -- RRMC's actions. These are the hospital's stockholders and in this case, they include competitors, patients, the facility's ownership (HMA shareholders), professional groups, the government and its various regulatory agencies, and employees. To begin with, RRMC's competitors include all those hospitals offering similar services mainly within Gadsden. Examples in this case include but they are not limited to Gadsden Regional Medical Centre (GRMC) and the Mountain View Hospital. Although located outside Gadsden, UAB could be considered yet another key competitor of RRMC. One competitor, GRMC, appears to have been traditionally more competitive than RRMC especially given that unlike RRMC, GRMC already has an approval from the American College of Surgeons for its cancer program. Further, GRMC (unlike RRMC) from the very beginning "offered neurosurgery, psychiatry, and obstetric services…." (Swayne, Duncan, and Ginter, 2008). Secondly, the facility's patients could also be regarded a key stakeholder group. The patients in this case include both outpatients and inpatients. In an attempt to show responsibility towards this key stakeholder group, Mr. Hayes, on assuming leadership position at RRMC sought to ensure that outpatient services were made more patient friendly. Further, he also championed the creation of a Chest Pain Center "in response to the number of patients entering the ED complaining of chest pains" (Swayne, Duncan, and Ginter, 2008).
The government given its regulatory function through its various agencies could also be regarded a key stakeholder in this case. Professional groups such as the American College of Surgeons and the Joint Commission on Accreditation of Healthcare Organizations could also be regard key stakeholders. Next, we have stockholders or shareholders. To identify some of the stakeholders of RRMC, we might have to take into consideration the ownership structure of HMA. Lastly, it is also important to note that RRMC has a responsibility to its employees. This stakeholder group comprises of all those the hospital hires to advance its agenda. The other equally important stakeholders I have not mentioned in detail in this case include but they are not limited to the local community and suppliers. While the local community comprises of all those who live around facilities associated with the hospital, suppliers are all those companies and entities that provide the hospital with various medical supplies. RRMC has a responsibility to all these stakeholders and in that respect; its actions must not be injurious to their interests.
2. Discuss the target markets of existing programs and identify gaps in RRMC's marketing strategy
RRMC's key market (in general) seems to be the nonurban market. The company according to Swayne, Duncan, and Ginter (2008) also extended its presence to Anniston in what should be regarded a strategy to further expand its scope. The government's contract for Tri-Care also gave RRMC's executives yet another reason to celebrate. The introduction of highly innovative programs such as the Heart and Vascular Center will also see the hospital continue to serve high growth markets going forward. Other highly beneficial programs that add significant value to RRMC in the eyes of its patients include but they are not limited to the "Nurse First" program. With its emphasis being on the hospital's commitment to patient care, the said program according to Swayne, Duncan, and Ginter (2008) targets potential patients.
When it comes to RRMC's marketing strategy, MedKey was according to Swayne, Duncan, and Ginter (2008) "a focused marketing strategy that used the patient database to promote RRMC facility utilization through membership incentives and rewards via discounts and extra services for MedKey members." As the authors further point out, Hayes was of the opinion that MedKey...
Riverview Regional Medical Center: An HMA Facility The Six Stakeholders Groups Stakeholders include varied groups with a stake in the organization. In this case, the clinic has employed about seven hundred professionals that incorporate the following stakeholders: housekeeping staff and nurses, medicinal lab experts, physicians, administrative staff, and the patient also because they are recognized as part of the RRMC stakeholder community (Gapenski, 2010). The target markets of existing programs and identify gaps
Riverview Regional Medical Center Over the last several years, Riverview Regional Medical Center (RRMC) has been going through a number of challenges. This is because there were transformations in how different services are: provided, perceptions about the facility's fiscal stability and reimbursements from government programs. The combination of these factors has created operational difficulties. This is from the intense competition they are facing from Gadsden Regional Medical Center (GRMC) and the
Healthcare Administration THE SIX STAKEHOLDERS GROUPS FOR RIVERVIEW REGIONAL MEDICAL The six stakeholder groups for the Riverview Regional Medical Center are as follows: clerical staff, medical laboratory technicians, nurses, housekeeping staff, patients, and physicians. The hospital is comprised of 700 people who all play as stakeholders for the hospital. TARGETS MARKET OF EXISTING PROGRAMS AND THE GAPS IN RRMC MARKETING STRATEGY An addition added to the RRMC is the Heartburn Treatment Center. A nurse
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