Strategic Transformations in Canadian Healthcare Organizations

Strategic Transformations in Canadian Healthcare Organizations Name Institutional Affiliation Instructor Course Date Strategic Transformations in Canadian Healthcare Organizations Introduction TELUS Health, a healthcare company leader in Canada, has undergone some reforms that have made it possible for them to adapt to the new trends in the healthcare market. TELUS Health, which emerged initially as a subset of TELUS Corporation, has benefited from its solid technological background to adapt to the constantly evolving healthcare funding and delivery modes. Recognizing the ever-growing role of data analytics and digital health solutions in the healthcare industry, TELUS Health has voluntarily redirected its attention to technological innovation and integration (Faro et al., 2020). This essay evaluates the importance and effectiveness of strategic adjustments to conform to the Canadian healthcare system’s needs. The work will provide an overview of the Canadian way of healthcare financing, followed closely by the effectiveness of TELUS Health’s strategic changes. Next, the paper will cover changes TELUS has undergone to provide suggestions for future management plans concerning the volatile healthcare financing and delivery models. Overview of Healthcare Delivery and Funding Models in Canada In Canada, the healthcare system is focused on a public healthcare belief, which ensures every Canadian has access to the primary medical treatment they need. Under such a system, the funding of healthcare services is carried out through the tax levy at the provincial and territorial levels. Moreover, the execution of the healthcare system comes down to each province. In the public model, the first crucial feature considered is broad hospital and physician services coverage, for most funding comes from the government (Marchildon et al., 2020). This strategy's key pillar is guaranteeing that everyone, regardless of their financial background, can afford quality medical services. This is done according to the standard of universal treatment. Moreover, Canada has private healthcare that works with the public sector. This sector offers services ranging from dental care to drugs and elective options. Individuals can pay for private medical services directly, through private policies held by their employers, or through additional private insurance plans. The private sector is an excellent addition for those looking for specialist or non-essential medical services (Chen & Decary, 2020). On the other hand, access to these services sometimes depends on one's finances or insurance and may lead to inequalities in care availability. The strategic direction of healthcare institutions in Canada has experienced massive changes due to the healthcare policy shifts and trends that have taken place in recent years. One of the critical trends that the COVID-19 pandemic has fastened is the current emphasis on telemedicine and digital health technologies (Petrie et al., 2021). One way to overcome health services accessibility issues is through telehealth infrastructure and virtual care platforms. Both government and healthcare organizations are investing in these technologies to better serve communities in remote locations. As an outcome of this, chronic diseases are also in the spotlight, and increased attention is being paid to community treatment, disease prevention, and health promotion. Therefore, healthcare facilities encourage patient involvement, innovation, and integrated care models to adjust to the population’s changing needs, which are brought about by these legislations. Strategic Changes Implemented by the Healthcare Organization TELUS Health, amongst other leading healthcare organizations in Canada, has introduced various strategic changes to respond to the prevailing landscape needs in the healthcare sector. Another change worth mentioning is a notable development in digital health and telehealth solutions platforms. This strategic decision corresponds to the increasing use of technology to enhance healthcare delivery, driven by various aspects, including the need for resource effectiveness, increased accessibility, and integration of medical data to achieve improved health results (Iyamu et al., 2021). The main objective of TELUS Health is to encourage patient engagement, optimize the healthcare processes, and make it possible to get healthcare services remotely at locations that could not provide them traditionally. This will be realized via digital health investments. Expanding TELUS Health's data analytics solution is another strategic shift the company has undertaken. Healthcare decision-making will be made by the company based on data only after sophisticated analytics tools are invested in the extraction of relevant insights from massive datasets (Hedden & McGrail, 2023). The outcome of TELUS Health implementin...