Virginia Mason Medical Center (Vmmc)

Turn of the Century: VMMC and the Health-Care Industry Virginia Mason Medical taper (VMMC) is a nonprofit hospital run by an tea cozy administration with all oversight by a reality board. When Dr. Gary Kaplan took over as CEO in 2000, VMMC was facing an economical downturn for the first time in its history and losing tens of millions of dollars. In an essay to counter this loss, VMMC management started to trim costs much(prenominal) as halting academic spending that was not prosperous by medical exam examination professionals. Fierce disceptation only served to amplify the problem, with several(prenominal) competing hospitals within a one-mile radius of VMMC. The boilers suit health-care industry was similarly encountering challenges of its own due to a disconfirming report from the embed of Medicine’s patient arctic report that claimed medical errors were widespread and rampant in hospitals, create as umteen as 98,000 patient deaths per year. As a result of two the discouraging safety and financial learning ability at VMMC, round morale was also on the decline. Kaplan’s Response instantaneously after taking office, Kaplan reviewed spending and railway line lines across VMMC to acquire opportunities to consolidate less profitable blood line operations and spring up highly profitable lines.

He shuttered or reduced various business lines, renegotiated contracts with payers and examined productiveness by service lines. However, Kaplan accomplished that cost cutting was a short-term fix, not a viable long-term root and knew that he had to come up with a new strategic plan for the survival and step-up of VMMC. Kaplan&rsq uo;s first major(ip) initiative was to creat! e a new explicit doc compact between physicians and VMMC that embodies the strategic direction that he cute to take the hospital. In club for his medical staff to richly embrace the new compact, Kaplan purposely made the compact insertion a highly collaborative effort. He organized an off-site retreat for all the medical staff to brainstorm ideas and hence formed a...If you want to stick out a bounteous essay, order it on our website: OrderEssay.net

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