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Community health markets: a portfolio perspective
Health Care Management Review
|March 8, 1979
Summary
A portfolio approach offers a practical framework for strategic planning in healthcare markets. This method aids both individual hospitals and regional health planners in making rational decisions.
Area of Science:
- Health services research
- Healthcare management
- Strategic planning
Background:
- Healthcare systems face increasing complexity in market dynamics.
- Effective strategic planning is crucial for hospital and regional health system sustainability.
Purpose of the Study:
- To introduce a portfolio approach as an analytical tool for healthcare market systems.
- To provide a foundation for rational strategic planning for healthcare entities.
Main Methods:
- Conceptual framework development.
- Application of portfolio theory to healthcare market analysis.
Main Results:
- A portfolio approach simplifies the analytical base for strategic planning.
- It offers a practical method for evaluating and planning within healthcare markets.
Conclusions:
- The portfolio approach is a valuable tool for healthcare strategic planning.
- It supports rational decision-making for hospitals and regional health planners.