The author of the post, Wesley Curry, MD, said the cooperation and coordination of different hospital departments will be similar to 18th century economist Adam Smith’s definition of “perfect competition.”
“In the theory of ‘perfect competition,’ there is no market entity powerful enough to set a price, just as in the acute-care continuum participants work in a collaborative setting without a singular, powerful entity setting the complete cycle of patient care,” according to the article.
More Articles on CEP America:
Scribes Take on Bigger Roles in Emergency Departments
How Can Hospitals Engage Clinicians in Value-Based Purchasing?
4 Hospitals Named as CEP America’s 2012 Site Award Winners
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
