75 words with reference as response to post
Delivering the most advanced care and best outcomes is the motto of Product Leaders. Hospitals and health systems in this business model deliver the highest quality, most advanced care that generates predictable outcomes for one or more clinical outcomes, HRI explains. The organizations provide best-in-class care to their geographic region, as well as to patients who travel to receive care at the organization. Ensuring the hospital or health system has provider partners who can address the patients whole health needs is also critical to the Product Leader; they look at the patient as a whole and address all needs, not just the medical ones. Hospitals and health systems selecting the Experience Leader business model will place customer satisfaction at the top of their priority list. Emphasizing value through greater scale and scope is the aim of the Integrator business model. The Integrator is a hospital or health system with a multiregional or national reach. (LaPointe, 2018).
The increasing focus on the costs of care is forcing health care organizations to critically look at their basic set of processes and activities to determine what type of value they can deliver. A business model describes the resources, processes, and cost assumptions that an organization makes that will lead to the delivery of a unique value proposition to a customer. As the healthcare world begins to transform and looking into multiple different structures while preparing for value-based delivery, while understanding business model theories can redesign the overall process. (Alok D Sharan Gregory D Schroeder, 2016).
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