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The statement in the pic is a student's explanation of whether Is it possible for a community general hospital to use both cost leadership and
The statement in the pic is a student's explanation of whether Is it possible for a community general hospital to use both cost leadership and differentiation method with separate services in the hospital.
What is your reaction or comment on the student's explanation? Do you agree or disagree
It is possible for a community general hospital to use both a cost leadership and differentiation method with separate services in the hospital. Let's look at NYC Health and Hospital, specifically Lincoln Hospital. Lincoln hospital uses a cost leadership method by monitoring the numbers of bed available in the emergency room, also their overall admissions and what kind of services that each patient will be having. Lincoln Hospital is able to achieve cost leadership through its ability to identify the consumers, the payers and other forms of reimbursement at comparable prices. (Hernandez, 2010) In 2016, Lincoln Hospital updated their implementation strategy to completing a Community Health Needs Assessment (CHNA) every three years. This is their documentation stating what community they serve and their needs. Since Lincoln Hospital receives governmental funds, they are required to submit a completed CHNA that addresses specific strategies and resources that will be used to address each consumer.and resources that will be used to address each consumer. Now looking at the differentiation method, Lincoln Hospital incorporated technical quality for patient care. This includes, check in kiosks for a faster check in process, also being able to receive results via emails or apps such as MYCHART. Also, as many people may know, Lincoln Hospital is located in a busy area, where parking is difficult. Lincoln provides a public parking lot that is available for use 24/7Step by Step Solution
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