Which of the following is a key component considered in value creation?

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Prepare for the CPHRM Exam. Study with comprehensive quizzes, flashcards, and multiple-choice questions, each with insights and explanations. Get ready for your healthcare risk management certification!

Value creation in healthcare organizations is primarily focused on the balance of both market share and financial viability. This emphasizes the organization's ability to attract and retain patients while also ensuring it remains financially sustainable.

Market share refers to the portion of the marketplace that the organization occupies relative to its competitors, and having a strong market share often indicates that the organization is effectively meeting the needs of its community. Financial viability is crucial as it ensures that the organization has the resources to operate effectively, invest in new technologies, provide quality care, and improve services.

In contrast, the other options, while they provide useful information about the organization's operational aspects, do not directly relate to the core concept of value creation. Employee turnover rates can impact organizational efficiency but are a factor within the broader context of human resource management rather than a direct component of value creation. The number of audits performed pertains to compliance and risk management rather than value generation itself. Similarly, legal disputes historical data may inform risk management strategies but does not directly contribute to creating value for the organization in terms of patient care or financial success.

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