1. Identify some switching costs in healthcare. What could a healthcare organiza
ID: 246587 • Letter: 1
Question
1. Identify some switching costs in healthcare. What could a healthcare organization do to minimize the impact of switching costs?
2 What are the major substitutes for hospital care? How do these substitutes vary by hospital service?
3 Are insurance companies buyers or suppliers for hospitals? What about physicians? Why is this designation more difficult to make in healthcare?
4.How does product differentiation affect the level of rivalry in a market?
5.How can driving forces be used to envision the future?
Explanation / Answer
Switching costs come in a variety of forms and They include costs related to exit, search, learning, equipment, and installation. Some of the authorities would include non-financial costs in switching costs. These might include the psychological worry of changing from a tried and trusted provider to a new one. However for the purpose of this article, switching costs mean financial costs only. this is not to dismiss non-financial costs but rather to define terms at the start. Let's take the various types of financial switching costs 1 by 1
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.