Healing Hands: community versus academic hospitals

Healing Hands Hospital is an acute care community hospital that serves a suburban community outside of a large city with two competing large academic medical centers. Both Healing Hands Hospital and the academic medical centers have a long history of service to the region, but their business and fundamental practices are different. Your manager, Ms. Woods, Healing Hands’ Chief Operating Officer (COO), is part of the task force working on the strategic plan for the hospital and needs to understand the fundamental practices of these academic medical centers. You have been tasked with providing this information for Ms. Woods in a 1-2-page paper that discusses the similarities and differences between academic medical centers and acute care community hospitals. Your paper should address each of the following prompts below: Permalink: https:///12465-2/ Explain the similarities and differences between the mission of an academic medical center versus the mission of an acute community hospital. Discuss the similarities and differences in the staffing and management structure of an academic medical center versus an acute community hospital. Note: You will want to consider what type of staff an academic medical center would have that a community hospital may not have. Explain the similarities and differences in the Reimbursement model(s) that are used in academic medical centers versus an acute community hospital. Consolidation has been one of the defining trends of the U.S. healthcare system in recent decades. Horizontal and in some cases vertical mergers between hospitals, clinics, insurers and pharmacies have changed how Americans receive care and what they pay for it. Major transactions such as CVS’ $69 billion acquisition of Aetna are just the tip of the iceberg. To see the real impact of consolidation, consider that in 2016, for the first time, less than half of physicians owned their own practices, with many instead working for large hospital groups. Between 2003 and 2013, the number of system-affiliated hospitals also jumped 10 percent, to 63.2 percent. These horizontal provider mergers have led to the growing integration of academic medical centers (AMCs) and community health centers (CMCs). Let’s look at how these two organizational types stack up and what their ongoing consolidation means for patients and providers, as well as for online MBA graduates considering career options in either setting.