The application of Porter’s five framework to analyze the state of the market for primary care services

From your readings this week you may come to the conclusion that primary care is being besieged from many sides: a) patient consumerism, b) value based compensation and c) new competitors in the form of retail care, telehealth and home based care. You can also apply the Five Forces Porter Model to analyze the current state of market for primary care. (To refresh your past learning, a summary of this model can be found on https://www.isc.hbs.edu/strategy/business-strategy/Pages/the-five-forces.aspx (Links to an external site.)).
In this forum draw on all your assigned readings and synthesize your learning through the application of Porter’s five framework to analyze the state of the market for primary care services. The five forces are:

Power of the buyer/consumer (patient centered care, health consumerism, social media recommendations, etc.)
Power of the suppliers (health care insurance markets, health policy related incentives for value based care).
New entrants (competitive pressures from new primary care delivery models).
Existing competitive pressures
Threat of substitutes for primary care services.

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Week 5: Required Resources
Bindra, P. (May 2018). Chapter 5 – Clinical Integration. Health Administration Press. https://www.proquest.com/docview/2148553103/bookDetailView/307D869F450A42A7PQ/11?accountid=38129&goto_toc=true (Links to an external site.)

McMahon, L., Rize, K., Irby-Johnson, N., Chopra, V. (July 2020). Designed to Fail? The Future of Primary Care. Journal of General Internal Medicine. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7390445/pdf/11606_2020_Article_6077.pdf (Links to an external site.) Designed to Fail.pdfActions

Mintz, H., Flieger, S. (Aug 15, 2020). Primary Care Investment: Evidence Snapshot Urgent Care Centers. Tufts School of Medicine Center for Health Systems and Policy. https://sites.tufts.edu/chsp/files/2020/09/CHSP_Urgent-Care_2020.pdf (Links to an external site.) Prime Care Investment.pdfActions

Fong, K. (Sept. 2021). The U.S. Health Care System Isn’t Built for Primary Care. Harvard Business Review HBR Primary Care.pdfActions

Nakagawa, K., Kvedar, J., & Yellowlees, P. (2018). Retail outlets using telehealth pose significant policy questions for health care. Health Affairs, 37(12), 2069-2075. doi:http://dx.doi.org/10.1377/hlthaff.2018.05098 Retail Outlets Using Telehealth.pdf

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