What market-specific factors are likely to shape the organization’s planning and response to this news from the government?
Readings: essentials of strategic planning in healthcare. Author: Jeffrey p. harrison. chapters 11 & 12. setting value-based payment goals: HHS Efforts to improve U.S healthcare.Here’s quote from the Vox explainer in the background readings related to the big news this week regarding the federal government’s goal to significantly increase value-based payments to physicians in the next few years. ” Big hospital systems with more resources to map out strategy plans and purchase software to track patients health may have an easier time adjusting to the new strategy”.The discussion question is to consider the quote above and then explore how ONE large health system of your choice could react to this news in light of their existing strategic plans.Do you see evidence in their plans of being prepared for this development? If so, where?If not, what areas of their plan will they need to revisit (immediately and in the health systems next planning cycle)?As best as you can determine, what market-specific factors are likely to shape the organization’s planning and response to this news from the government? Ihave identified four different strategic plans of health systems for you to choose from below, but you may select another and report on it if you’re able to find (and link to ) information about its plan (e.g, UPMC or Highmark/ Allegheny Health Network).
Penn Medicine Strategic plan (2013-2017)
UCLA Health System Strategic Plan (2011-2015).
WVU Healthcare Strategic Plan (2012-2017)(pdf)
Henry Ford Health System Strategic Planning Process (.pdf).
Another more resource on how hospitals are being affected by the various value-based payment models in 2015 is here: Advisory board map How Pay-for-Performance Programs May Affect U.S Hospitals in FY 2015.
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