Business Research Project Part 1: Business Problem and Research Questions Belen MacKenzie, Daniel Ivy, Kari Stormoen, Latoya Hill, Siead Hasan QNT/561 University of Phoenix April 14, 2014 Andjelka Srdic Running head: BUSINESS RESEARCH PROJECT PART1: BUSINESS PROBLEM 1 BUSINESS RESEARCH PROJECT PART1: BUSINESS PROBLEM 6 Introduction The organization chosen for this assignment is Pomona Valley Hospital Medical Center (PVHMC) in Southern California. It is a public, nonprofit acute hospital facility in addition to four offsite facilities. PVHMC serves two neighboring counties of Los Angeles and San Bernardino County. The mission of PVHMC is to provide high quality, cost effective health care services to residents of the greater Pomona Valley. Over the next five years, the hospital will complete construction of a new Outpatient Pavilion and expanded Emergency services to better meet the needs of the community. Products and Services Provided PVHMC offers a wide range of products and services related to healthcare. In addition to having an emergency department, some of the services provided are oncology, women and children’s care, cardiac and vascular care, kidney stones, physical therapy, robotic surgery, and sleep disorders. Specific to women’s health, PVHMC has specialized equipment to create 3D mammograms. The robotic surgery utilizes a state of the art console that operates four robotic arms allowing for precise surgical incisions. A state of the art cardiac rehab program compliments cardiovascular services offered (Pomona Valley Hospital Medical Center, 2013). Addressing Problems with Research According to the American College of Healthcare Executives, one of the problems or dilemmas that healthcare facilities face daily is financial challenges. This has been an issue for the past five to ten years. PVHMC struggles on a daily basis with figuring out how the facility will gain profit. This is a problem that management and personnel can address with research by researching grants that will help support some of the programs and healthcare the facility needs to care for the people. There are other concerns that PVHMC must address with research, competition and the latest products. It is important the company keeps up with its competition in which giving the best care to patients is important. There is so much that goes into that concern as well with the highest level of customer service to pair with the hospital’s healthcare. Also, the products play a part in helping to cure pain and diseases. Hospitals must be competitive with the latest technology, equipment and treatment plans for patients. The best way to do this is through market research. Market research would provide the hospital with the knowledge needed to make informed decisions to achieve the overarching strategic plan. The quest for cutting edge medicine creates a major dilemma. The high cost of delivering care has been culprit to several hospitals closing its emergency ro ...