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Developing Competitive Advantage in the Private Medical Services Market. The Case of Romania

Author

Listed:
  • Simona BASTURESCU

    (City College)

  • Stylianos KECHAGIAS

    (City College)

Abstract

Health has been a top priority for a country’s stakeholders. The average health expenditure depicts an impressive variability worldwide, with Americans being the top spenders and South East Asia countries being at the bottom of the respective list. This study analyses the existing competitive advantages of the most important players in the private medical services market, in Romania. It traces their development and the factors that determine positioning strategic decisions. The competitive advantage of a business in the private medical services market is a result of a number of factors. The top three criteria of choice for a patient are doctors, medical technology and waiting time for accessing the service. The objectives of this research paper are: 1. to identify the key success factors (KSFs) and the drivers of change (DC) in the Romanian Medical Industry; 2. to propose a fine tuning in strategy as a response to changes in the macro and micro environment, 3. to re-evaluate existing business models and propose amendments that may lead to future sustainable competitive advantage and 4. to develop a proposition for growth strategies, business strategies and means of implementation that will lead to long term growth.

Suggested Citation

  • Simona BASTURESCU & Stylianos KECHAGIAS, 2014. "Developing Competitive Advantage in the Private Medical Services Market. The Case of Romania," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 2(5), pages 283-310, August.
    • Handle: RePEc:nup:jrmdke:v:2:y:2014:i:5:p:283-310
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