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RDP Task 1. Essay

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ACQUISITION MANAGEMENT AND STRATEGY 2 Introduction As an organization it is important that we grow to improve patient outcomes by providing an all-encompassing standard of care. Our hospital has re... cently acquired a multi-specialty practice that will add to our already high level of healthcare delivery. As with any growth, there will be obstacles and adaptation that require a strong strategy and implementation plan to achieve the highest comfortability for all our key stakeholders. Key Stakeholders-A1 There are several key stakeholders that will be impacted with this opportunity of growth. One is the physician owners whom previously led this practice. The physician owners will impacted by the importance of operational decisions being shared with our hospital leadership. This potentially could lead to creative differences that will ultimately lead to a better-rounded standard of care of all our patients. There is the potential for irreconcilable differences that could potentially lead to the loss of some physicians. It is important that we remain cognizant and understanding of these differences to minimize this loss. Another impact will be increased patient visits. In order to provide better post-admission care for our patients, the practice will take on more follow up cases. This will ultimately lead to higher patient satisfaction. The increased patient load could potentially lead to increased hours of operation that will require longer work hours from these physicians. In order to create a seamless experience for our patients, we will need to align our vision and patient focused strategy with the acquired practice. The physician owners whom had previously been accustomed to a more hierarchical decision structure could potentially not agree with the hospital’s vision. [Show More]

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