Healthcare Ecosystems Task 1
Healthcare Ecosystems Task 1Baptist Health, headquartered in Louisville, Kentucky is the largest not-for-profit healthcare organization in the state. The vision of this HCO is to be nationally recognized as a healthcare leader in the state of Kentucky. Baptist Health was originally founded in 1924 as a single 120 bed hospital in Louisville, Kentucky. Expansions in 1953 with the addition of Western Baptist Hospital in Paducah, Kentucky and in 1954 with the addition of Central Baptist Hospital in Lexington, Kentucky created the foundation for the HCO known today as Baptist Health (Welcome to Baptist Health hospitals and clinics in Kentucky, 2013).
Baptist Health has expanded on this foundation to become the largest HCO in the state with seven owned hospitals and two managed hospitals. Along with the hospital initiative, Baptist Health has begun to employ physicians, their practices and assets. By doing so, the HCO is positioning itself for increased competition in the Louisville market and across the state. This economic trend will take Baptist Health into the future and continue its vision to be nationally recognized as a healthcare leader in the state of Kentucky.
With national health care reform driving the way that healthcare is delivered to patients, Baptist Health with its acquisitions of hospitals and physician practices the HCO will be able to meet the national regulations and still deliver quality patient care. At the end of the fiscal year 2011 Baptist Health employed 230 physicians in 67 separate practices (Welcome to Baptist Health hospitals and clinics in Kentucky, 2013). This initiative allows the HCO to streamline management, reduce costs, apply technology and reinforce its mission statement.
The Baptist Health mission statement is "MISSION: The mission of Baptist Health is to exemplify our Christian heritage of providing quality healthcare services by enhancing the health of people in the community we serve". The Baptist Health value statement is "VALUES:...