Community Standard Marketplace Technology of Hospital

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Table of Contents

Assessing Community Standard of Care Competition
Assessing Available Marketplace Technology
References

Assessing Community Standard of Care Competition

The assessment of community standard of care competition based on the results of the conducted needs analysis in the selected healthcare facility should be performed with regard to the principal characteristics of this area. They are primarily related to the quality of rendered medical services because these indicators serve as evidence for compliance with general adopted principles or the lack of thereof (Wager et al., 2017). From this perspective, the failure to keep up with them means the existence of problems in this respect. Thus, the efficiency of treatment and patient satisfaction in the competitive environment are higher than in concentrated markets, which means that less favorable outcomes contrasted to other clinics’ successes imply the need for readjusting operations (Croes et al., 2018). In other words, the consideration of people’s feedback and readmission rates can help demonstrate the current position of the facility.

Another aspect of the matter is the costs of medical assistance in the hospital setting, which clearly speak of their correspondence to community standards. According to Ghiasi et al. (2018), manipulating prices in the field of healthcare is one of the main issues when examining both the efficiency of operations and their economic results. Therefore, the confirmation of challenges in this respect is accompanied by the analysis of developed policies and their consequences for both patients and providers. From this point of view, the lack of influence of the formation of prices on the market and the absence of issues in accessing the required instruments for maintaining regular operations are critical (Ghiasi et al., 2018). In addition, the availability of data concerning the correlation between price and quality will be crucial for making conclusions about the competition and its effects on the community. Further improvements will depend on the initiatives to eliminate the revealed problems in terms of quality and pricing.

Assessing Available Marketplace Technology

The needs analysis will also be advantageous for assessing available marketplace technology for the future development of the hospital. The revealed issues concerning inefficiencies in operations and patient care alongside increased costs can be reflected through the lens of clinical and economic evaluation (Mulligan et al., 2020). The inclusion of these two parameters corresponds to the requirements of paying attention to both prices of instruments with their dynamics and the actual benefits for healthcare facilities (Mulligan et al., 2020). In this situation, an optimal decision is to examine the correlation between the increased costs, as it was established in the course of analysis, and the efficiency of applied tools. Consequently, it is necessary to compare them to corresponding indicators over the previous periods in order to see a clear picture of progress.

Another method of assessing marketplace technology is to focus on the evidence received from the manufacturers. According to Mulligan et al. (2020), they tend to provide comprehensive information about clinical and economic outcomes, and it can be used for the mentioned objective. Thus, the engagement of stakeholders and the process of price negotiations will be the data, which are suitable for showing the technological conditions of present-day healthcare facilities. In the case of a single hospital, the comparison of general indicators with the results of its recent activity will be sufficient for making further predictions. As a result, an improvement solution for this area will be the elaboration of long-term measures on the basis of a synthesis of current marketplace factors and the facility’s efforts.

References

Croes, R. R., Krabbe-Alkemade, Y. J. F. M., & Mikkers, M. C. (2018). Competition and quality indicators in the health care sector: Empirical evidence from the Dutch hospital sector. The European Journal of Health Economics, 19(1), 5-19.

Ghiasi, A., Zengul, F. D., Ozaydin, B., Oner, N., & Breland, B. K. (2018). The impact of hospital competition on strategies and outcomes of hospitals: A systematic review of the US hospitals 1996-2016.Journal of Health Care Finance, 44(2).

Mulligan, K., Lakdawalla, D., Goldman, D. P., Hlávka, J., Peneva, D., Ryan, M., Schaeffer Center Staff, Neumann, P. J., Wilensky, G. R., & Katz, R. J. (2020). Health technology assessment for the U.S. healthcare system. USC Schaeffer.

Wager, K.A., Lee, F. W., & Glaser, J. P. (2017). Health care information systems: A practical approach for health care management (4^th ed.). Jossey-Bass.

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Community Standard Marketplace Technology of Hospital

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