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Organization of a Health Care Facility - Essay Example

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This work "Organization of a Health Care Facility" describes the advantages and disadvantages of practicing M&A of hospitals. The author outlines the aspects that include the feasibility of a profit or non-profit organizational status and a contract structure including necessary clauses concerning the inclusion of medical staff for offering quality healthcare facilities…
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Download file to see previous pages Contextually, it has been apparently observed that during the preceding few years, the hospital industry has also carried out numerous organizational transformations that include the introduction of pioneered technological advancements, improvements in infrastructures along with the widespread consolidation of hospitals through M&A (Project HOPE, 2013). In this modern-day context, the rules associated with healthcare have been identified as changing due to the rising concern of preserving sustainable growth in the future. In this similar context, the hospitals are paying much more attention to the aspect of M&A with the purpose of upholding sustainable advancement in the upcoming years for the medical industry (HealthLeaders Media, 2013).
Moreover, a suitable outline of a plan in order to appoint medical specialists for the clinic and justifying the decision to accept Medicare or Medicaid as potential pay sources for this exclusive clinic will also be depicted in the discussion henceforth.
Recent studies reveal that the perceptions considered regarding M&A have attained immense importance in this modern-day context for different business organizations, whether profit or non-profit. It has been viewed that the organizations enthusiastically embrace this imperative idea with the objective of attaining their respective business targets. In this connection, the hospitals have also been observed to follow the approach of M&A in order to accomplish their expected business goals. It is worth mentioning in this context that the advantages of M&A for hospitals have often been noted in terms of enhanced service quality, increased financial advancement, improved employment of valuable resources, better response towards community requirements. Moreover, the other benefits of M&A for hospitals encompass effective cost savings, the progression of human resources, superior harmonization of care, better synchronization of teaching as well as academic opportunities, and diminished waiting lists of the patients which further tend to enhance patients’ satisfaction substantially. The two decisive factors that include the increased level of globalization and the altering market conditions has also been affirmed as major contributors in driving the success of M&A for hospitals in the present day scenario. Additionally, the prime objectives of the hospitals following the approach of M&A have further been identified as gaining greater market share as well as profitability, enhancing bargaining power with controlled care entities, and lessening operational costs among others.  ...Download file to see next pagesRead More
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