A window of opportunity Essays

A window of opportunity Essays A window of opportunity Paper A window of opportunity Paper The increase in demand for MRI services opens a window of opportunity for putting up a provider-based delivery of such service which will serve as an additional source of revenue for our established orthopedic surgery practice. The fulfillment of such plans equates to addressing the population’s needs with the assurance of having a highly competitive and innovative technology that is the portable Magnetic Resonance Imaging device. A vision of a healthy population who is continually provisioned with the highest quality medical services that are reasonably priced. As the administrator, it lies in your hands to come up with a feasible plan for the business.   Several challenges have been identified which are to be later on discussed.   Due to such, it becomes a primary task at hand to justify and go beyond these challenges to see how this business will make it and flourish eventually.   Pushing through with this project and succeeding greatly lies in the vision that you have with regards to this opportunity.   And such vision would be to provide the highest quality medical services that other providers cannot compete with. The most effective leaders are the ones who are able to cascade their vision down to their subordinates.   Without such influence, the vision could turn awry in the future.   It is of utmost importance that the administrator be able to make all the people involved realize the significance of the opportunity at hand.   From there, he should be able to mobilize them towards achieving the vision through appropriate actions. People, policies, communication and coordination are the structures that will make up this organization. Management.   It is management’s responsibility to handle all administrative concerns of this organization.   As such, the formulation of all policies and guidelines with regards to the operations of this new business is their concern.   Management puts the vision into place and takes charge of executing it.   Management, therefore, makes the greatest impact on how this opportunity will progress. Staff.   As a provider of healthcare services, the business as a whole greatly relies on the skills of its staff.   The staff must therefore understand their role in the realization of the vision.   The failure to offer the highest quality services as envisioned would lead to the demise of this business. Policies and Guidelines.   Appropriate policies and guidelines should be put into place to ensure that measures for only the highest quality are in place.   These are to be strictly followed.   This anchors on the strength of the business as offering only the best of the best. Communication and Coordination.   Effective communication can be achieved with an open environment.   An environment that promotes positive and encouraging communication and coordination will keep the organization strong.   Such will also help identify areas of improvement and growth.   Having a reward system in place will also foster a healthy working experience for all staff that will definitely reflect on business revenue. The challenges at hand and those that lie ahead. As with any new business venture, risks are involved.   But one should be able to see beyond these risks and take them as challenges that need to be overcome.   Let us discuss these challenges one by one. Competition Service cost as a primary patient concern.   It should be noted that the population consists of both managed care and Medicare patients.   Identified as foremost of the challenges, therefore, are the reduced payments for MRI services given by managed care companies and also the increasingly stiff competition from other lower-priced MRI providers.   But we already have an answer for this. Being an established orthopedic surgery practice, it becomes a competitive advantage that only the highest quality medical services are being provided.   This then justifies possibly higher but reasonable costs.   We therefore see this as eliciting a benefit from a challenge.   This is something that the business could and should capitalize on. The Portable MRI A new technology.   Considering the higher demands for MRI services, upgrading the system of executing the treatment for the increasing number of people is necessary to cope.   We now take into consideration the portable MRI.   This becomes an asset since the use of which is not just limited to the hospital.   It is now possible to go directly to the patients who are in need of such service, most of whom do not have the capacity to travel considering the fractures etc.    We can also look at this as an expense reduction on the part of the patient with regards to transportation.   The ability to accommodate emergency cases also becomes an advantage.   It should be noted, however, that there will be a need to invest on such device.   Whether or not revenues will win over costs is for consideration. Employment Recruitment and retention of staff.   The recruitment and hiring process for this new business will need to be studied.   There is a possibility for difficulty with regards to finding an experienced radiologist and other highly-skilled qualified staff. Given that this is a new business on uncertain grounds, management needs to be able to assure applicants of a steady job and make them believe in the vision so as to find the qualified staff they need and then later on be able to retain them.   The reward system that has been mentioned above will also greatly help for employees’ high performance and retention.   Continuous training is also an option for less skilled hires.