Industry Consolidation | Global Competition | Transparency | Barriers |
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What is Northshore University Health System?
Swedish Covenant was just bought out by this health system.
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What is Mexico?
This is the number one location where the US receives medical tourists from.
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What is Yelp?
This is an example of a review by a third-party.
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What is branding identity?
This means being well known and having a strong logo/ slogan.
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What is Aurora Health Care?
Advocate Health Care merged with this other health system.
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What is medical tourism?
Patients seeking care in different countries.
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What is CMS?
This is an entity involved in regular transparency.
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What is switching costs?
Costs from moving from one system to another. Ex, new technology and EHR.
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What is Aetna?
CVS is buying out this insurance company.
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What is domestic medical tourism?
Patients seeking care in a different state.
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What is Self-Motivated Transparency?
This is when hospitals provide data to the public for personal and competitive reasons.
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What is a certificate-of-need?
Historically in healthcare, approval by the state regulatory body via this document was necessary when a new competitor wanted to join the market with a specific technology or program.
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