Improving Service Value Hospitals.”Paradise Hospital, Inc., is a for-profit hospital. As the facility’s new hospital administrator, you have been tasked with improving the service value of the hospital. The administration has not done this process since the hospital began operating in 1995. The investors are not familiar with the value proposition strategies of hospitals in current-day America. The goal is to improve patient services by focusing on quality of care.Note: You may create or make all necessary assumptions needed for the completion of this assignment.Write a 4–6 page paper in which you: Explain the meaning of value-added service as it pertains to patient care services, and argue the major reasons why it matters to add value to patient services. Justify your response. Recommend a system for identifying the functional areas in which changes might be necessary in order to improve the hospital’s service value. Describe the key methods that you would use to acquire the information necessary to identify the specified functional areas. Describe four specific areas where you believe the administration can add value in Paradise Hospital, and argue the most significant reasons why such a value proposition would improve the value of services to the patients.”

Improving Service Value Hospitals

Value-added service refers to the additional benefits or improvements that a hospital can provide to its patients beyond the basic medical care they receive. These can include things like more personalized attention from doctors and nurses, greater convenience and accessibility, and a higher level of comfort and amenities. According to a study published in the Journal of Health Services Research & Policy in 2019, value-added services are an important factor in patient satisfaction and can lead to improved health outcomes (Tran et al., 2019). There are several major reasons why it is important for hospitals to focus on adding value to patient services. First, in today’s healthcare market, patients have more options and are increasingly seeking out the highest quality care. By offering value-added services, hospitals can differentiate themselves and attract more patients. Additionally, value-added services can help to improve patient satisfaction, which can lead to increased loyalty and positive word-of-mouth promotion for the hospital. Finally, providing value-added services can also help to reduce healthcare costs in the long run, as patients who are more satisfied with their care are less likely to require additional medical interventions or hospitalizations (Tran et al., 2019). Cont…