Advisor Information
Erin Bass
Presentation Type
Poster
Start Date
26-3-2021 12:00 AM
End Date
26-3-2021 12:00 AM
Abstract
Compared to other high-income countries, U.S. healthcare has similar utilization rates but much higher costs, and with mixed results on quality measures (Papanicolas, Woskie, & Jha, 2018). These patterns have led to ongoing national discussions about how to make healthcare affordable for patients. A better understanding of industry dynamics involved in rising healthcare costs could be instrumental in creating realistic solutions to control them. However, consideration of healthcare spending tends to ignore how complex interrelatedness of healthcare industries contributes to the problem of healthcare cost inflation. The nature of these network connections has vital implications for industry commitment to solving the problem. Stakeholder analysis provides a way examine relationships between healthcare cost inflation and industries in the healthcare sector. While the stakeholder analysis model was first developed as a way of understanding the relationships of the firm with outside actors, literature review shows modern applications of stakeholder theory apply it to a wide variety of process outcomes and industry interactions. This research uses stakeholder analysis to answer the question: What is the network structure of power relationships among healthcare sector industries?
Mapping Pressure Points in the U.S. Healthcare System: A Stakeholder Analysis of Healthcare Industries and Healthcare Cost Inflation
Compared to other high-income countries, U.S. healthcare has similar utilization rates but much higher costs, and with mixed results on quality measures (Papanicolas, Woskie, & Jha, 2018). These patterns have led to ongoing national discussions about how to make healthcare affordable for patients. A better understanding of industry dynamics involved in rising healthcare costs could be instrumental in creating realistic solutions to control them. However, consideration of healthcare spending tends to ignore how complex interrelatedness of healthcare industries contributes to the problem of healthcare cost inflation. The nature of these network connections has vital implications for industry commitment to solving the problem. Stakeholder analysis provides a way examine relationships between healthcare cost inflation and industries in the healthcare sector. While the stakeholder analysis model was first developed as a way of understanding the relationships of the firm with outside actors, literature review shows modern applications of stakeholder theory apply it to a wide variety of process outcomes and industry interactions. This research uses stakeholder analysis to answer the question: What is the network structure of power relationships among healthcare sector industries?
Additional Information (Optional)
I will be in an exam for my surgical rotation (I am an MD/MBA student) until about 12:30 p.m. on the 26th. I am available to present 1 p.m. and after on that day.