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h1Becton Dickinson Case/h1
h4by aulona studymode.com/h4
Question 1br /
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span classtab/spanHow has the healthcare industry changed (pre-1983 to post 1983) What are the implications for BD How has BD managed to build up an 80 market share in this market Which many competitors bigger than BD have tried to enter without successbr /
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span classtab/spanIn 1983 the entire health care industry was affected by the changes that the U.S government made in how to reimburse hospitals for Medicare patients (40 of all hospital patient days). So, lets see how the situation was before and after these changes.br /
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Before 1983br /
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Hospitals had been reimbursed for all costs incurred in serving those patients. Hospitals were rewarded for efficiency.br /
The buyers at the hospitals were specialist, without purchasing skills or interests in negotiating for prices. Distributors were making great profits and not paying enough attention to costs.br /
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After 1983br /
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span classtab/spanUnder the new system, the payment to a hospital was based on national and regional costs for each DRG, not on the hospitals costs. Moreover, the national and regional averages were to be updated, so that if hospitals improved their cost performance, they would be subject to stricter DRG-related payment limits. Hospital admissions fell 4-the largest drop on record the average length of a patients...