This essay focuses on Development of Competitive Priorities. By identifying core competencies, a company can develop processes such as customer satisfaction, product development and building professional relationships with stakeholders.
with third-party payer submission requirements but with gaps in accuracy or detail Does not analyze how healthcare organizations utilize financial principles for guiding strategic planning in ensuring compliance with third-party payer submission requirements 10 Third-Party Payment: Reimbursement Methods Recommends appropriate strategies for organizations to receive full reimbursement on claims and improve timeliness of reimbursement from third-party payer systems, justifying recommendations Recommends strategies, but they are not appropriate for organizations to receive full reimbursement on claims and improve timeliness of reimbursement from third-party payer systems or response has gaps in detail or relevant justification Does not recommend strategies for organizations to receive full reimbursement on claims and improve timeliness of reimbursement from third-party payer systems 10 Planning: Pay-forPerformance Makes appropriate recommendations for operational strategies to improve performance measures that will maximize reimbursement based on prior analysis of impact of case rates and management utilization data, providing support for recommendations Makes recommendations,
Core competencies are the strengths and resources within a company. While core competencies can vary by industry and business. they can include having well-trained staff, optimal business locations. Marketing and financial expertise. By identifying core competencies, a company can develop processes. Such as customer satisfaction, product development. Building professional relationships with stakeholders.
The development of competitive priorities comes from the creation of a corporate strategy, market analysis, defining core processes and conducting a needs analysis. To create competitive priorities
Firstly, an organization evaluates operational costs
Secondly, the quality of a product or service
Thirdly, the time it takes to develop and deliver a good or service
Lastly, the flexibility of a good or service with regard to variety, volume and customization.
Competitive priorities should include being able to provide a quality product or service at a fair cost that consistently meets the needs of a customer.