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 cosy administration with all oversight by a universal board. When Dr. Gary Kaplan took over as CEO in 2000, VMMC was facing an frugal 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 such as halting academic spending that was not prospered by medical exam examination professionals. Fierce contest only served to amplify the problem, with several(prenominal) competing hospitals within a one-mile radius of VMMC. The overall health-care industry was similarly encountering challenges of its own due to a damage report from the embed of Medicine’s patient resort report that claimed medical errors were widespread and rampant in hospitals, causation as umteen as 98,000 patient deaths per year. As a result of two the discouraging sa fety and financial outlook at VMMC, round morale was also on the decline. Kaplan’s Response instantaneously after taking office, Kaplan reviewed spending and caper lines across VMMC to acquire opportunities to consolidate less profitable problem operations and spring up highly profitable lines. He shuttered or reduced various business lines, renegotiated contracts with payers and examined productivity by service lines. However, Kaplan accomplished that cost cutting was a short-term fix, not a viable long-term radical and knew that he had to come up with a new strategical plan for the survival and step-up of VMMC. Kaplan’s first major(ip) initiative was to create a new explicit medico compact between physicians and VMMC that embodies the strategic direction that he wanted to take the hospital. In club for his medical staff to in full embrace the new compact, Kaplan purposely made the compact knowledgeableness a highly collaborative effort. He or ganized an off-site retreat for all the medi! cal staff to brainstorm ideas and thus formed a...If you want to stick out a full essay, order it on our website: OrderEssay.net

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