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Please answer the following questions in 250 words count in your own words. If using reference...

Please answer the following questions in 250 words count in your own words. If using reference please cite all and references. Add 5 relevant peer-reviewed academic or professional references published within the past 5 years.

A reputable hospital has high quality ratings from patient satisfaction surveys but is still losing market share. For many years, health care organizations, as well as traditional businesses, have been frustrated that high customer satisfaction scores do not necessarily lead to higher levels of profitability or sales. Prepare a report examining this phenomenon that addresses the following elements:

1. Assess price vs. quality of services as well as the impact of insurance or managed care contracts on a hospital's market share, regardless of patient satisfaction levels.

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Answer #1

Consolidation in health care increasing in many markets..consolidation vary by market.. the hospital increased prices but there is no quality of care..it is becoming more challenging environment for small hospital practices.. There is more pressure on payment rates.. Environment also challenging for small insurers..multi- state employees have contract with insurers throughout the country.. scale economies important for analytic capabilities that can help for managed care..insurer scale important for provider to contract the payment models..There is a need for public and private sectors initiatives in addition to anti- trust enforcement to foster greater competition on price and quality..insurance market, public exchange created under the Affordable care act ( ACA) and private insurance serve employers make foster competition in many ways... Exchange reduces fixed costs on insurer's product in front of potential customers.. Exchange make it easy access plans..This makes insurance market more competitive and helping consumers make choices that are better informed..fostering competition among provider is a higher priority due to lack of competition..under the part of ACA purchasers pay more for health insurance in market with out competition..

Anti-trust policy at federal level hospital acquisition not addressed by Physician practices..These acquisition make higher prices to Physicians than small practice Physician..multi- market system make higher rates in more hospitals..people expecting more information about organization important for public and private sectors.. Transparency oversold the foster competition in health care provider market..copays with coinsurance insurer covers most of the price difference..Due to more Hospital stays and out of pocket payment included in incentives..

Network strategies have the potential to be more effective.. Because insurer acting as a purchasing agent for enrollees..These made high priced providers to low- priced providers, it that money can be saved..network strategies also create more opportunities for integration of care.. public and private exchange use ideal environment for limited network plans.. potential market for tiered network more but in many market providers blocked this offers of tiered network..network approaches for fostering competition in market consolidated facing challenges and that has been addressed.. customers need more information about their plans for care..Medicare taken steps for requirement in medical practice contract as ACOs..private Insurers supporting electronic medical records into their practices.. payment reform having major capacity to reduce costs and increase quality.. steps to be taken to foster competition for control the cost .

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