Mission, Vision, and Values Review
Methodist Health System is a significant US healthcare organization with over nine decades of experience serving the community. The system includes six hospitals, various clinics and primary care centers, and a nursing and allied health college. The mission of the Methodist Health System is to improve and save lives through compassionate and high-quality healthcare (Pai, 2022). The organization aims to become the healthcare industry’s leading expert via excellent treatment, wellness advocacy, and community health improvement. To achieve its mission, the organization follows honesty, excellence, creativity, compassion, and teamwork values.
Since Methodist Health System provides compassionate and high-quality healthcare to the community, its mission, vision, and values are admirable. The mission statement states the organization’s goals and unshakable commitment to saving lives. Healthcare firms need a clear mission statement to provide employees and stakeholders with direction and purpose. The vision and purpose are closely related and emphasize healthcare leadership, wellness, and community health. The values support the mission and demonstrate the organization’s commitment to ethical and compassionate treatment. Methodist Health System’s Mission, Vision, and Values (MVV) statement effectively conveys company goals and values (Pai, 2022).
Healthcare executives are essential in coordinating the division, department, and individual performance of the business with its mission, vision, and values. Leaders must first comprehend the MVV and successfully convey it to every employee to guarantee alignment. There must be constant reminders of the organization’s objectives and core values throughout this process (Constable et al., 2022). Supervisors should hold staff members responsible for following the MVV and include it in performance reviews.
Leaders should also set an excellent example for others to follow and make decisions that reflect the company’s principles. This will promote a culture of excellence and compassion among staff members and encourage others to follow suit. MVV and performance alignment also require effective communication and teamwork (Constable et al., 2022). To ensure that workers’ actions and choices are per the organization’s MVV, leaders must interact with staff members and include them in decision-making processes. In the end, successful leader alignment is essential to guarantee that the organization’s MVV is ingrained at all organizational levels and manifested in the performance of individuals and departments.
MVV Alignment to VBP
The selected article, “Value-Based Purchasing and Its Impact on Acute Care Hospitals,” shows that acute care hospitals struggle to adapt to VBP. The article shows how VBP improves patient outcomes and healthcare costs via monetary incentives and quality indicators. The paper also emphasizes that hospitals confront significant financial sustainability and adjustment challenges due to the transformation from fee-for-service to value-based buying (Constable et al., 2022).
Methodist Health System’s MVV is crucial to its VBP alignment. VBP prioritizes outcomes that match the company’s commitment to innovation and quality. The organization’s emphasis on compassion and collaboration shows its dedication to patient-centered care, a key component of VBP. VBP may need help financially due to its emphasis on cost control and financial sustainability. Methodist Health System may need to change its policies and processes to meet MVV and VBP goals while maintaining financial stability.
In conclusion, the organization’s objectives and Methodist Health System’s dedication to providing high-quality, compassionate healthcare are generally reflected in the organization’s mission, vision, and values. To make sure that the MVV is represented in individual and departmental performance, effective leader alignment is essential. The organization’s MVV may act as a guide in adjusting to this new reimbursement model and accomplishing its objectives of enhancing and preserving lives, even if VBP has its share of difficulties.
Constable, M., Mulkey, M., & Aucoin, J. (2022). Hospital value–based purchasing: How acute care advanced practice nurses demonstrate value. Journal of the American Association of Nurse Practitioners, 34(1), 12-17.
Pai, A. (2022). Health Harris Methodist Hospital, Cleburne.