FORD HEALTH SYSTEM

Henry Ford Health System

Abstract

The analysis of this study tries to explore Henry Ford Health System in a holistic context. The main focus of the research is on Henry Ford Health System and the major services offered by this healthcare organization. The research also enlightens the core competitors of the organization and the analysis of the study explores different dimensions of the healthcare market in the United States in order to evaluate the possibility of company's growth and success rate in the market. The study presents the analysis of the hospitals and healthcare systems initiated by Henry Ford Health System; in addition, the study also analyzes the innovative services provided by the organization. Finally, the research describes the cost of healthcare services in the United States and the environment they create for the organization.

Table of Contents

Introduction4

Discussion5

The Products and Services of Ford Health System5

The Competitors of Ford Health System6

Analysis of Healthcare Market in the United States6

Ford Health System: Hospitals and Health Systems7

Innovative Services Offered by Ford Health System8

Cost of HealthCare Services in the United States9

Conclusion12

References13

Henry Ford Health System

Introduction

The healthcare system of United States is the most expensive system in the world. The spending of United States on health system is more than any other industrialized country - both in absolute terms and relative to gross domestic product (GDP) per capita. Thus, only in 2007 the U.S. spent on health care 2.26 trillion dollars, which amounts to 7,439 dollars per person. According to recent estimates in the U.S. for medical care consumes about 16% of GDP. The forecasts suggest that, the share of GDP devoted to health in the U.S., will increase and by 2017 will amount to 19.5%. However, over the past 30 years, increased spending on this sector is mainly due to government programs that could seriously undermine the financial stability of the country.

Ford health system is a healthcare management company that is a subsidiary of Ford Group. Ford health system provides laser-based metal fabrication services by supplying precision components for use in a range of medical specialties, including cardiology, neurology, orthopedics, gynecology, ophthalmology and urology. Ford health system primarily operates in the U.S, where it is headquartered in Detroit, Michigan and employs around 27 people. The company recorded revenues of $8.4 million in the fiscal year ended June 2011, as compared to the revenues of $0.3 million in 2010. Ford health system's operating loss was $1.5 million in fiscal 2011, as compared to an operating loss of $4.8 million in 2010. Its net loss was $7.1 million in fiscal 2011, as compared to the net loss of $5.4 million in 2010. Ford health system offers an array of surface treatment options to meet medical device manufacturers' specific design requirements such as electro-polishing, passivation techniques and grit-blasting.

Discussion

Henry Ford Health System is a non-profit health care enterprise governed by community leaders engaged in providing health care services. It provides financing and health care delivery, including acute, specialty, and primary preventive care services. It owns and operates hospitals and nursing homes, including ...