Steward Health Care System Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Steward Health Care System Case Solution

This means that these two parties wanted to make a deal that is based upon venture capital features instead of PE. Since Cerberus provides funding to the organization by looking into its current state, the party knew that the firm had the potential to perform better in the market. Likewise, caritas wants the funding to prove its state and confidence. The decision was based on the basis of venture capital, which means that the Cerberus was only providing subsidizing to the firm based on the arrangement made between the two parties rather than giving the Physical education. This would help the Caritas in proving its abilities and performing better and faster in the market on its own through the capitals provided by the Cerberus.

Question-3

Steward Strategic Vision’s

Steward fundamental mission was to make a strategy that offers some incentive to its patients as far as cost, quality, access and care. Steward fundamental center was to improve the nature of patients and upgrade customer's positive experiences, i.e. to give the essential quality clinical consideration offices to local people by cutting and diminishing the absolute clinical costs and making a framework that fills in as a fruitful model for the business affected by government medical care change. The value of the company was based on the fact that the Steward’s patients were its top-notch priority.

In order to differentiate steward from other medical services framework, the Steward and its supervisory crew and other pioneer programs had supported the Innovation Center in further developing information quality, yet the slack in claims information remained. The second year investment funds installments were because of increment, yet de la Torre was centered on building the model's establishment and not consumed with equaling the initial investment in the initial three years.

Question-4

Recommendations

In choosing whether to stay in the Pioneer ACO model it is very important to understand the features on which the ACO model lies and hinges. The success of ACO model hinges on the strength of IT, EHR data and integrated claims.

Since the robust IT structure is crucial to the ACO model amplification, so it is important for the organization to improve the IT structure in order to remain successful in the compliance of ACO model.
One more proposals recommended for the association was to focus on the utilization of “Electronic healthcare record (EHR)” and execute “Meditech 6.0” to get a data system that supported assortment, sharing, and utilization of patient EHRs.
It likewise put forth an objective of accomplishing EHR use among all essential consideration doctors. This will help the firm to apply for the significant incentives from the “CMS incentives program”
Another recommendations suggested to steward is to use the innovative technologies in order to enhance the quality and reduce risk. For instance; usage of live video streaming, remote data monitoring techniques,“electronic intensive care unit (eICU)” , robotic surgeries etc.
The goal is to improve the quality of the services and to innovate further advancement.

There is no doubt that ACO model provides the extreme improvement in the firm. So it is significant to stay with the pioneer model and focus on the above factors, so that the company could achieve success and improve further in order to remain sustainable in the market and to fulfil all of its visions and goals.............................

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Steward Health Care System Harvard Case Solution & Analysis