Case Study: Healthcare Ecosystems

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------------------------------------------------- Healthcare ecosystems LTT1 February 27, 2014 April Morris Western Governors University February 27, 2014 April Morris Western Governors University In 1908, Dr. Nils Johanson, a surgeon, had a dream of providing his community with a first-class non-profit facility. He convinced ten people to invest in $1000 bonds to open Swedish Medical Center. By 1910, his dreams became a reality and to date has become the largest non-profit facilities in the greater Seattle area. Swedish Medical Center consists of five hospitals, two ER specialty centers and has a network of more than 100 Primary care and specialty clinics. They employ 11,000 people along with 2,800 physicians and 1,700 volunteers. In 2000, Swedish joined with Providence Health Systems, which is a not for profit organization and employs over 53,000 employees. Providence consists of 27 hospitals, 214…show more content…
For instance, the healthcare reform, an aging population that relied on Medicare and Medicaid and state deficits, and the need for updated technology had impacted Swedish dramatically. By 2011, Swedish Medical Center was losing an estimated $250,000 a day. Swedish was in the midst of opening a new facility in an outlining area of the Seattle. The losses were not a reflection of the opening of a new facility but rather the changes in Medicare and Medicaid reimbursements and the decline of health insurance. They had predicted a loss for the new facility within the budget but they were not able to predict the economic downturn. The new facility is located in an area where individuals have better insurance and younger population base so, the speculation is the revenue generated would be more profitable, unlike the facilities in Seattle that have a higher population on Medicare and Medicaid. (Facts and Figures,
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