...Case Study: Partners HealthCare Systems Case Study: Partners HealthCare Systems Partners HealthCare is a non-profit, health system located in Boston that created a data based transformation (Davenport, 2013). It integrated a new system that aligned the participating organizations to cohesively run as one and to help shape the future of the organization. The system didn’t stop there as it was responsible for bettering the patient financing experience and the delivery of healthcare information to other organizations (Davenport, 2013). The initial goal of the organization was making patient care more affordable and accountable by providing integrated, evidence based, patient-oriented care. Problem Identified Partners HealthCare, which was created by major contributing hospitals and medical facilities in the Northeast, initially began as a way to focus on the patient needs; however, the company soon found themselves separating from their initial goal. There was more than one problem identified within the realms of the company. There are three main issues that this case study produced. The first outlying issue is called Alert/Warning Fatigue (Davenport, 2013). This derives from alerts that were placed in the system to warn doctors of notices that could be anything from mixing prescriptions to simple notifications that most doctors already knew or was not in their field of study. A second issue that requires resolution to create a successful working system is the sense...
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...9-206-005 REV: MAY 22, 2007 JOSHUA COVAL Partners Healthcare In May 2005, Michael Manning, the deputy treasurer of Partners Healthcare System, was formulating a recommendation to the Partners Investment Committee. He had been asked to analyze the role that different “real assets” could play in Partners’ $2.4 billion long-term pool (LTP) of financial assets. He was then expected, on the basis of that analysis, to recommend both a size and a composition for the real-asset portfolio segment within that LTP. Background Partners Healthcare System was the largest health-care network in New England, providing a range of primary, secondary, and tertiary health-care services to millions of patients from throughout eastern Massachusetts. The Massachusetts General Hospital and the Brigham & Women’s Hospital, two world-famous acute-care hospitals in Boston, had joined together in 1994 to found the Partners network. Both Mass. General and Brigham not only provided acute clinical care but were also research and teaching hospitals affiliated with the Harvard Medical School. Over the next few years, four suburban hospitals had also joined the network, as had dozens of physician organizations (practices with multiple numbers of doctors) across eastern Massachusetts. A variety of important staff functions, including treasury functions like asset management, had been centralized at Partners headquarters in downtown Boston, but all the clinical care and research took place...
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...Partners Healthcare Case Study Partners Healthcare is considering the introduction of real assets into the organization’s portfolio. The analysis will demonstrate the effects of having one risky asset and one risk-free asset in a portfolio. Our analysis will also show that the introduction of real assets can decrease the risk of the hospital’s portfolio. Each hospital in the healthcare system can determine the appropriate portfolio mix based on their desired expected level of return and risk they are willing to accept. In the case for a hospital it is crucial that it manages donated funds properly so the hospital can continue to operate even if its income from operations is negative. Using the STP (short term pool) that Manning had put together with his management team that overseen it, he had decided that to use this as the risk-free part of their holding, where the STP (investments averaging from 1-2 years in length) average return was 3.2%. With the LTP (long-term pool) they had investments in risky assets which were mainly different forms of equity which were overseen by more than 30 multiple asset management firms. While they also had a small fixed income segment in the LTP that had been invested in primarily high-quality long-term bonds. There are two ways the hospital can plan to invest, with a few different rationales behind them. The hospital can choose to invest, either very conservative and continue to operate while accepting minimal risk , where operations...
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...Launching HealthVine: Healthcare information management mobile service Time is of the essence when it comes to healthcare delivery. Maintaining valuable prescription is critical. Searching from piling medical records, prescriptions and bills is a hassle especially during an emergency It’s never too late when you have access to medical history, fast and updated. There is a need for healthcare information that connects patients, doctors and pharmacists. A new form of healthcare information management is yet to be tapped Who are in healthcare information management business today? (for diabetes management) (Good tie ups/network) (Allows you to store and manage all health information ) (Indian website connecting colleges, office & hospitals) Where’s the gap Increasing costs Decreasing platforms Blue Ocean Strategy Eliminate Raise Documentation & delays Portability Reduce Create Dependence on fresh reports Convenience partners (Travel, Insurance, Pharma cos can partner) The Solution HealthVine “Healthcare information on the move” Accessible Convenience Timely & updated HealthVine Portability Availability Relevant Vision To be a world class seamless and timely healthcare information management provider Scope of Business: Live Quotes • “There is a huge vacuum present in healthcare information resources in comparison to credible players like WebMD, Revolution health etc. in the US and thus people...
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...Partners Healthcare System (PHS): Transforming Health Care Services Delivery Through Information Management Harvard Case Solution & Analysis PARTNERS HEALTHCARE SYSTEM (PHS): TRANSFORMING HEALTH CARE SERVICES DELIVERY THROUGH INFORMATION MANAGEMENT Question 01 The Partners Healthcare System (PHS) faced a lot of obstacles in implementing the ERP system whose sole responsibility was to make the current processes as efficient as possible. In addition to this, once this information system is along with Computerized Patient Order Entry (CPOE) system then it would help the health care professionals in accessing patient complete profile from the scratch that is the patients’ first visit to the health practitioner. However, there was a lot of resistance regarding the system from the doctors. It is reported that two-third of the doctors had prior links to the hospitals and were hesitant to adopt the latest technology. In addition to this, the same number of doctors who had affiliations with the PHS hospital also met their patients at some other venues. The already established workforce lacked in its ability to use the advanced technology and was reluctant to this type of system. As they were trained to write prescriptions manually, hence they were not accepting this new mode of data reposition. In addition to a lack in ability to apt the latest technology, they also lacked the basic infrastructure or resources to finance this implementation. Moreover, if the technology gets implemented...
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...Integrating Theory and Research: Needs Assessment for the Patton - Fuller Community Hospital’s Compliance to Safe Medical Devices Act of 1990 (and its Amendments in 1992) Cliff Musimenta University of Phoenix Integrating Theory and Research: Needs Assessment for the Patton - Fuller Community Hospital’s Compliance to Safe Medical Devices Act of 1990 (and its Amendments in 1992) The Safe Medical Devices Act of 1990 (P.L. 101-629, Section 12, 104 Stat. 4523, 1990) was signed by President Bush on 28 November 1990. According to Samuel (1990), the law entailed seventeen timetabled sets of new regulations that can be grouped into the following four categories: premarket approval; post-market surveillance; penalties; and miscellaneous. According to Merrill (1994, p. 47), the Food and Drug Administration (FDA) “agency was given power to prescribe good manufacturing practices (GMP) requirements for devices, to ban worthless or dangerous products administratively, and to require notification, replacement, and/or refund by makers of defective products.” According to Swayze & Rich (2012) “a medical device is, simply defined, any item used to diagnose, treat, or prevent disease, injury, or any other condition that is not a drug, biologic, or food” (para. 1). In any health organizational set up, creating patient safety requires that the organization establishes a safe health environment that eliminates/minimizes all unintentional injury to ensure patient wellbeing. This set...
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...EXECUTIVE SUMMARY Situational Background The objective of this case study is to help our client, a pharmaceutical manufacturer to assess investment opportunities in a segment outside its core business of drugs and vaccines to enable a quick scale up. Problem Setting The problem setting can be broadly divided into Identifying investment strategy, investment segments, screening potential targets using a framework and conducting due diligence on selected targets. A framework is to be developed by which we can evaluate the companies shortlisted by the client for investment and help us determine the most attractive company for investment. Methodology Following is the methodology adopted by us to achieve the end result * Classify the companies into its respective segments based on the product/service offerings. * Using the Scorecard Method, the following parameters along with its assigned weights are evaluated and scored based on the data given in the case and the computed data in the appendix A. Evaluation Parameters | Weights (%) | Strength of the Entrepreneur and Management team. | 0-30 | Size of the Opportunity | 0-25 | Strength of the Product and Intellectual Property | 0-15 | Competitive Environment | 0-10 | Strength of Marketing/Sales/Partners | 0-10 | Need for additional rounds of funding | 0-10 | To help in assessing these companies, following are few of the assumptions and conclusions that were made to assign weightage for...
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...words (2 pages) excluding diagrams, illustrations or other addendum. You are not required to use APA formatting. I expect the response to immediately follow the question as follows: 1. Describe… Response 2. Discuss… Response And so forth… ---------------------------------------------------------------------------------------------------------- FINAL EXAM ABC HEALTHCARE CASE BACKGROUND Healthcare companies, like ABC Healthcare, that operate as for-profit entities, are facing a multitude of challenges. The regulatory environment is becoming more restrictive, viruses and worms are growing more pervasive and damaging, and ABC Heathcare’s stakeholders are demanding more flexible access to their systems. The healthcare industry is experiencing significant regulatory pressures that mandate prudent information security and systems management practices. Furthermore, the continued pressure to reduce cost requires that management focus on streamlining operations, reducing management overhead and minimizing human intervention. The regulatory focus at ABC Healthcare is on the Health Insurance Portability and Accountability Act (HIPAA) and Sarbanes-Oxley (SOX). Both pieces of legislation highlight the need for good systems administration and controls, but focus on different aspects of the business. The main focus of HIPAA is to protect personally identifiable health information while SOX is concerned with data that impacts financial reporting. Violations...
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...Partners Healthcare Case Aanlysis by az2311 | studymode.com Statement of Problem Partners Healthcare had established several financial resources pools, such as the short-term pool (STP) and the LTP, so that they can satisfy different needs of the several hospitals in the network. In more detail, the STP was invested with very high-quality, short-term fixed-income financial instruments. The average maturity of these instruments is about one to two years. STP is always treated as the risk-free part of the hospitals’ holdings. On the other hand, the LTP is thought as the risky part of holdings. It consists of different forms of equity and a smaller fixed-income part. In order to diversify the risks of the LTP, the Partners Investment Committee introduced a new type of assets, real assets, into the original LTP during the past years. Both of the assets’ performance turned to be excellent during 2004. As a result, the Investment Committee was considering expanding the real-asset segment of the LTP. Michael Manning, the deputy treasurer of Partners Healthcare System, was asked to recommend the size and the composition for the real-asset portfolio contributed to the $2.4 billion long-term pool (LTP) in the Partners. Facts and Analysis Due to the fact that different Partners Healthcare hospitals might have different acceptable risk levels for their investment portfolio then the most reasonable solution would be to invest both in risk-free STP and risky LTP. By choosing different...
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...Large pharmaceuticals who previously dominated the market have been forced to rethink how they discover, develop, manufacture, test, market, distribute, and seek regulatory approval for their products. However, given the range of factors influencing the business environment, this has also led to a diverse range of organisations competing for unique segments of the market ranging from niche biotechnology operators such as Alexion who are currently establishing a base for the global supply of treatments for severe and ultra rare disorders in Ireland and diversified global players such as Johnson and Johnson who operate across extensive consumer health, medical device and pharmaceutical sectors. PESTEL Analysis Below is an analysis of the macro environmental factors at play in the Pharmaceutical Industry using the PESTEL (Political, Economic, Socio-cultural, Technological, Environmental and Legal) model. The model seeks to identify the issues that impact the sector in a broad context and how these factors influence the strategy of the industry in...
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...EHR/CPOE Implementation Executive Summary This thesis follows the implementation of Computerized Patient Order Entry/Electronic Health Record (CPOE/EHR) system implemented by Partners Healthcare System (PHS) during 2002-2003 for all its constituent practitioners. It looks at the problems faced during implementation of the system and identifies new potential problems that the system may encounter. Particularly in consideration is the effort it takes to convince healthcare professionals to switch to CPOE/EHR, the cost of installing the system, the potential of automating redundancies in the system and the potential of healthcare professionals getting skewed data out of the system suggestions. It looks at the management challenges faced by the administration when bringing about CPOE/EHR to PHS and divulges in some techniques that were used for tackling these issues. It defines ways in which the system is being used to improve patient healthcare and save millions of dollars for the government, healthcare facilities and patients alike. This thesis also finds ways to combat the potential problems that may arise later and the system and looks at related government policies and statutes which apply to the implementation. Finally some metrics of success are discussed their effectiveness in driving a result. Problem Definition CPOE/EHR Implementation can face a host of problems that can hinder the process flow and the acceptability of the system by the people involved. The initial...
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...Therapeutic communication in its fundamental concept is providing a best treatment for patient based on patient-centre service. On the video case scenario, it is known that the woman is experiencing cerebrovascular attack. CVA or popularly known as stroke, needs a complex care as it involves plenty of communication barriers between patient and healthcare professionals, such as weakness, numbness, vision, and particularly, speech abnormalities (Grear & Bushnell, 2013). As stroke involves difficult communication, healthcare professionals need advanced skills of communication. For the purpose of the essay requirement, I will review how healthcare professional is conducting session with a patient from the therapeutic communication perspective. A patient is recently assigned to a hospital through emergency department. When paramedic team performs clinical handover to a nurse, he describes that the patient is 35 years old, 28 weeks pregnant and has history of hypertension. The nurse learns that she has difficulty in communication and gives a simple guideline. This is where the essence of therapeutic communication plays a great role. Anytime she shakes her head means affirmation and nodding means negation. Afterward, the nurse describes that there will be some other healthcare professionals visiting her. The first healthcare worker coming in after nurse is the radiographer. His intention is to inform and ask a consensual agreement of CT scan to the patient’s brain. The scanning procedure...
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...with the countries in which Tex-Mark operated. Tex-Mark was prepared to pay for four sessions each lasting one hour. 2. ‘Reading Assignments’. Three to four books (depending on region of assignment) on national or regional culture and/or doing business in the focal region. Accompanying spouses/partners had access to a similar library.‘Interviews and conversations’ with Tex-Mark employees with country experiences. 3. ‘Language courses’. Attendance at elective ‘survival level’ language classes. These courses last from eight to twelve weeks, with three course meetings a week. Tex-Mark will pay for spouses/partners as well. In-country training and development Upon arrival, Tex-Mark staff in the local operation will assist the accompanying spouse/partner with job search activities. They will assist with finding children acceptable schooling situations. Where possible, Tex-Mark staff will endeavour to provide a social support network. Repatriation Upon return all expatriates are required to go through a debriefing and career counselling session with HR staff. This should be held within two months of the person’s re-entry to the home location. v IHRM Case 1 – Spanning the Globe 3 Case 1 Activity In the role of Eric 1. Summarize your thoughts on the problems at hand, alternative solutions and your strategy on how to proceed at the forthcoming meeting. 2. How will your proposal solve the problems you have defined? 3. How can you defend your solution from budgetary concerns...
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...Case 1: Is It Permissible to Shut Off this Pacemaker? The following case is based on a real clinical dilemma that led to a request for an ethics consultation. Some details have been changed to preserve patient privacy. The goal of this column is to address ethical dilemmas faced by patients, families and healthcare professionals, offering careful analysis and recommendations that are consistent with biblical standards. The format and length are intended to simulate an actual consultation report that might appear in a clinical record and are not intended to be an exhaustive discussion of the issues raised. Case: Dorthea is a 69-year-old woman who was well and active until about five years ago when she developed diabetes. She was admitted to the hospital 18 months ago with recurrent fainting and was found to have an intermittent transient heart block1. She reluctantly consented to insertion of a permanent pacemaker. Three months ago her kidney function was found to be diminished to about 10% of normal, probably caused by her diabetes. It was expected that she would soon require dialysis. However, her kidney function has since improved so that dialysis will not likely be needed for some time. She has since said she would refuse dialysis even if it were needed, and she has refused treatment of her profound anemia. She did consent to a colonoscopy last month to see if she had cancer (malignant change was found in one small area, presumably cured)...
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...GENICON CASE 1.Evaluate GENICON international expansion so far. What are the main reasons it has been successful? GENICON international expansion has been successful because the international markets were expected to grow much faster than USA. This fact may seem unusual as the USA market of this kind of products is the largest all over the world. Another reason of the success of this firm was the transition of the European market for medical devices. These changes where produced because of the entrance of Tyco Healthcare, a global healthcare products company. This company sought favorable contracts with few distributors. The willingness to take GENICON's products increases and this fact helps the company success. Finally, another reason of success could be the strategy of the company, very focused of carrying out deep studies to choose the right countries. Factors as taxes, tariffs, regulations, exchange rates, etc. were taken into account. 2.Apply Country Portfolio Analysis (see Distance Still Matters) to the markets GENICON is considering entering. You may use the combination of industry statistics and country indicators (such as GDP per capita). Which country makes the most sense from this perspective? In order to study these countries we will focus on the GPD, GPD growth, GPD per capita, population and land. In the picture below we can see that China has the best numbers regarding GDP and its growth. Nevertheless, due to this large population the GDP per capita, data that...
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