The U.S. Hospital Management from a Strategic Management Viewpoint

Abstract

Historically, competition has toughened the U.S. hospital industry, while hospitals and managers have created innovative health care and treatments for their survival. This paper reviews interdisciplinary studies of hospital management and percolates them into a strategic management perspective, so hospital management in practice can grasp a big picture to lead their hospitals. Additionally, the paper is anticipated to be a guide for management researchers to re-examine hospital management and health care industry. Reflecting on the prior achievement of strategic management unveils that so far hospital management studies have not integrated the progress of fragmented studies of hospitals. Thus, this study suggests that strategic management researchers can further take this research opportunity to better build theoretical and empirical research model of how to increase success likelihood of innovation in the health care industry.