Managing stakeholder loyalty.
The authors question the utility of relying on the conventional wisdom in healthcare that satisfaction is the proper measure of strategic health. They offer four reasons why "stakeholder value" is the more appropriate measure. They present a case of a large midwestern HMO that has evolved to a stakeholder value approach. They demonstrate the linkages among the different components of the Stakeholder Value Information System, how stakeholder assessments of value drive loyalty and other key measures, and how that system can be used to inform strategic and operational decision making.
Reidenbach
R E
RE
McClung
G W
GW
D001291:Attitude of Health Personnel; D001294:Attitude to Health; D003258:Consumer Behavior / Q000706:statistics & numerical data*; D003362:Cost-Benefit Analysis; D006279:Health Maintenance Organizations / Q000191:economics / Q000592:standards* / Q000706:statistics & numerical data; D006801:Humans; D007449:Investments / Q000191:economics / Q000592:standards; D008389:Marketing of Health Services; D015146:Midwestern United States; D017146:Models, Organizational; D010558:Personnel Loyalty; D010817:Physician-Patient Relations; D011785:Quality Assurance, Health Care / Q000379:methods*