5 new ways to look at generating revenue.
A healthcare organization's "strategic pie" has four pieces: physician retention, brand, patient retention, and patient acquisition. When allocating strategic effort among these pieces of the pie, leading hospitals are following the lead of other industries, focusing on concepts such as churn rate, downstream value, strategic halo, promotable products, and the relative power of different metrics. A risk-reward metric offers an important means of assessing factors that would influence how much you would be willing to spend for specific purposes, such as acquiring new patients.
Sturm
Arthur C
AC
SRK, Chicago, USA. asturm@srksolutions.com
D004465:Economic Competition / Q000191:economics / Q000458:organization & administration*; D004469:Economics, Hospital / Q000458:organization & administration*; D017060:Patient Satisfaction; D014481:United States