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Summary AMT2 KMM1 TASK 1.pdf AMT2 SERVICE LINE DEVELOPMENT WESTERN GOVERNORS UNIVERSITY AMT2 KMM1 TASK 1 SERVICE LINE DEVELOPMENT In all industries, competitiveness is highly apparent most especially in healthcare. From quality markers and patient satisfac$7.49
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Summary AMT2 KMM1 TASK 1.pdf AMT2 SERVICE LINE DEVELOPMENT WESTERN GOVERNORS UNIVERSITY AMT2 KMM1 TASK 1 SERVICE LINE DEVELOPMENT In all industries, competitiveness is highly apparent most especially in healthcare. From quality markers and patient satisfac
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AMT2 KMM1 TASK AMT2 SERVICE LINE DEVELOPMENT WESTERN GOVERNORS UNIVERSITY AMT2 KMM1 TASK 1 SERVICE LINE DEVELOPMENT In all industries, competitiveness is highly apparent most especially in healthcare. From quality markers and patient satisfaction scores to the medical services available; th...
amt2 kmm1 task 1pdf amt2 service line development western governors university amt2 kmm1 task 1 service line development in all industries
competitiveness is highly apparent most especially in
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AMT2
SERVICE LINE DEVELOPMENT
WESTERN GOVERNORS UNIVERSITY
AMT2
KMM1 TASK 1
SERVICE LINE DEVELOPMENT
In all industries, competitiveness is highly apparent most especially in healthcare. From
quality markers and patient satisfaction scores to the medical services available; the healthcare
industry continues to strive in making improvements to meet the needs of its customers. While
Trinity Community Hospital’s reputation is reasonably good, it is not known for excellence in
any specific service and is being given a chance to grow and develop by formulating a strategic
plan targeting on building an Orthopedic service line. The team was given the task to list both
the advantages and disadvantages of either building, buying, or leasing a space for the new
orthopedics service line.
BUILDING ADVANTAGES
Building a new space for a new service line have its advantages. Renovating an
existing facility will allow the team to be involved in the layout of the area. The team can plan
and reorganize the different parts of the build for a smoother and more efficient patient flow and
transition of care and services.
Since the build is within the hospital, the team can expand existing services from
ancillary services such as dietary, linen, security, equipment, and central supply to name a few.
Given the limited information provided between the CFO and CEO’s emails,
building within the hospital is the most cost-effective with the construction cost of $600,000
versus the price of buying and building the lot adjacent to the hospital that cost $700,000.
The $100,000 difference can be utilized to purchase necessary equipment for the new
service line.
, BUYING ADVANTAGES
Similar to building advantages; buying, and building will also give the opportunity for the
team to plan and reorganize the different parts of the build for a smoother and more efficient
patient flow and transition of care and services without any possible limitations of any existing
walls or infrastructure that may get in the way.
Having a new facility build will enable you to design it with the latest technology and
upgraded designs that can adapt to the changes of the future. The new building can also be
planned and constructed to be open for further expansion such additional levels and floors that
will promote growth and development of other services that the hospital can offer in the future.
Finally, purchasing of the adjacent lot is an investing activity that the hospital gains as an
asset. It promotes growth and commitment to the surrounding community. Since it will be an
acquired asset, the organization will have the option of selling the property or can have other
service line options if the new orthopedic service line was not successful.
LEASING ADVANTAGES
Though there is not a lot, leasing a property has its advantages as well. The budget is
usually low and is set for tentative improvement that can offer original space configuration and
construction model that will work best for the new service line.
Leasing a facility also offers great options and opportunities of having the best and
suitable location for the service line.
If the business is not profitable, the organization has the option of not renewing the
contract lease after the end of the term.
When planning projects and future organization growth plan, it is always a good practice
to look at not only the advantages of all the options available but also weigh in the disadvantages
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