Value Proposition in Patient Care The value proposition is a business or management term that denotes the benefits that are offered by an organization or a firm’s services or products. In other words, the benefits may entail profits or conveniences derived from the services or products. The subject of value proposition mostly concerns organizational behavior or strategies to address customer needs. Overall, the value proposition is the prediction or assurance of value to be delivered, and the belief customers have of experiencing and receive the intended value. The practice of value proposition is common among various industries (Hussey, Wertheimer & Mehrotra, 2013). In the recent past, the trend has been extended to the health care system thus prompting most providers to keep up with the pace. Most institutions have not adopted yet the modern value propositions methods that aim at improving care in the sector and increasing profits in most for-profit organizations and institutions. Therefore, it is against this backdrop that the paper seeks to examine and suggest best value proposition methods for Paradise Hospital. Subsequent paragraphs will cover the meaning of value added services, identify functional areas and identify specific areas where value can be added by the top management of the hospital. Health care system comprises of many players who are competing for patients and clients. In this light, providers strive to win over as many clients and patients as possible. To achieve this, providers in the sector employ various methodologies to help them stand out among their rivals. Businesses that stand out in the competition are said to have a stronger competitive advantage over the others. Mostly, the focus is always on clients and patients in need of health care services. Thus, studies have revealed that value proposition forms the basis of a strong competitive advantage. Additionally, Paradise Hospital should focus on improving and introducing new unrivaled practices in the health sector to lead the pack.
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