1. Value-Based Care and Strategic Priorities
- Author
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Barbara Gold, Lebron Cooper, Steven D. Boggs, and Wendy L. Gross
- Subjects
Strategic planning ,business.industry ,Cost-Benefit Analysis ,Strategic Initiative ,media_common.quotation_subject ,Value based care ,General Medicine ,03 medical and health sciences ,0302 clinical medicine ,Anesthesiology and Pain Medicine ,Anesthesiology ,030202 anesthesiology ,Value (economics) ,Health care ,Humans ,Medicine ,Quality (business) ,Marketing ,business ,health care economics and organizations ,030217 neurology & neurosurgery ,Barriers to entry ,Quality of Health Care ,Strategic financial management ,media_common - Abstract
The anesthesia market continues to undergo disruption. Financial margins are shrinking, and buyers are demanding that anesthesia services be provided in an efficient, low-cost manner. To help anesthesiologists analyze their market, Drucker and Porter's framework of buyers, suppliers, quality, barriers to entry, substitution, and strategic priorities allows for a structured analysis. Once this analysis is completed, anesthesiologists must articulate their value to other medical professionals and to hospitals. Anesthesiologists can survive and thrive in a value-based health care environment if they are capable of providing services differently and able to deliver cost-effective care.
- Published
- 2017
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