Virginia Mason Medical Center (Abridged) Case Solution
The strategic plan of VMMC includes the priorities of the patients, and reorganizing mission and vision. As far as value is concerned, the strategic plan includes, integrity, teamwork, excellence and core values. In order to bring improvement in the operations, the company decided that it would focus on its core strategic values and through that it would reduce the observations of the mental division and redefined its consideration on cardiovascular and cancer services.
In order to improve the services of the hospital industry and in order to improve the financial position, the management of the hospital applied TPS system which help greatly by improving the operations and by improving the financial position of the organization. Moving operations to TPS system would help the company to improve productivity and services of the system by reducing lean time, lead time, reducing inventory levels and reduce patient travel times, which would also helpthe hospital by savings of 10 million in capital budget and by increasing gain in productivity to 44% which also increases the number of patients also.
It is expected that the management of the hospital faced many challenges such as decrease in number of patients and revenue margin. In order to overcome these issues, the management of the hospital proposed new strategic system which is TPS and this system would help the hospital by improving its operation, financial and patientsâ€™ response. As TPS is a significant strategic shift and requires significant changes in structure of the organizations and behavior of its employees, how it could generate tremendous results, therefore TPS system could be replicated to other health care organizations in order to improve the performance of hospitals physicians, clinical staff and in order to provide more advance, timely and accurate services to patients…………….
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