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Create a 6 page essay paper that discusses The Strategic Management of Healthcare Organizations.The researcher states that Pitney Bowes believed that when the employees are healthy, there will be less
Create a 6 page essay paper that discusses The Strategic Management of Healthcare Organizations.
The researcher states that Pitney Bowes believed that when the employees are healthy, there will be less time spent outside work when the employee is out there looking for health care or attending to doctor appointments. Because of this realization, it decided to increase the number of funds that are allocated for the employee healthcare management with the aim of reducing the overall overhead cost that is incurred when the employee is away from work due to health issues. At Pitney Bowes, the employee health management strategy is basically made up of four components. The first component is the heavy investment in the employee health management staff. The firm has spent a fortune in the employee management staff. The second component is the use of data to shapes its plan, benefits, and programs. The organization relies on healthcare data to be able to come up with plans, benefits, and programs which will effectively serve the intended purpose. The third component is the focus on preventive care. Preventing the health-related issues is cheaper than curing the conditions. The firm strives to prevent the conditions before they occur. The fourth and final component of this strategy is offering choices and flexibility. This has gone a long way in ensuring the intended goals of the plans are achieved. The management at Pitney Bowes has taken an aggressive approach when it comes to health management. The main objective has been the reduction of cost while at the same time improving outcomes. Data over the years appears to show the effectiveness of the strategy that has been used by this firm. It has enabled them to reduce the cost associated with treating employees and also eliminating expenses that are incurred due to absenteeism from work. This has therefore positively added value to the firm. As indicated earlier, the health plan selection and plan design are based on four main components which are heavy investment in staff, focus on preventive care, use of data to influence design and flexibility. Pitney Bowes believes that the upfront investment in the analysis of the plan design is much more offset by the overall healthcare cost. It utilizes large health employee management staff coupled with a data-driven approach to effectively offering the required and effective health management, design plan.
