Electronic Prescribing is a critical feedback loop that helps maintain master patient index along with routes inquires and allows enrolled pharmacies to route prescriptions to desired locations. The pharmacy receives the benefit of quickly receiving prescription status and is able to then communicate to the prescriber the prescription fill status as well as whether the medication is covered under the patient's insurance or if it must be paid for. Things like patient information, history, and eligibility are passed back and forth from the pharmacy to the pharmacy benefit manager to the prescriber. What would normally take longer now happens within minutes.
Patients remain satisfied with the service and get quick access to their medications. The loop exists from the communication that exists with the pharmacy and the prescriber. A doctor, nurse, or other healthcare professional licensed to prescribe medication, needs a continual pathway to send prescription information. This helps avoid confusion for pharmacies if pharmacies have questions for eligibility or change in dosage and allows customers the convenience of picking up their medications without having to worry about waiting or physically handing over the prescription. Organizations like the Mayo Clinic, implement strategies that reduce costs and promote higher quality care for patients. Electronically sent prescriptions help facilitate feedback and communication, letting the prescriber and the pharmacy know quickly if they made an error that warrants a remedy. Patients often demand convenience and less wait times. Electronic prescriptions facilitate this and allow patients to pick which pharmacies they want their prescriptions sent to. It also helps avoid illegal activities surrounding prescriptions as patients sometimes forge prescriptions in order to get other medications. A paper prescription can easily be altered so the prescription becomes for something else.
Although it is not a consistently common occurrence, it does exist and electronic prescribing reduces the likelihood of it happening. This is because the pharmacy knows immediately what the prescriber wants for the patient in terms of medication. The pharmacy also has the option of communicating with the prescriber in case of an error (or to confirm prescription). E-prescribing is set to grow in the next few years. "The electronic prescribing systems market is estimated to grow at a compound annual growth rate (CAGR) of 26% from 2012 to 2017, at which point it is expected to reach $794 million" (Leventhal, 2015).
Another critical feedback loop…
Business Feedback Loops and Organizational Learning at Whole Foods Market To remain competitive and responsive to internal and external pressures, firm need to observe and monitor the outcomes of their activities (Mintzberg et al., 2011). Feedback loops explain the way in which processes may be maintained, or change takes place. In line with other businesses, Whole Food Markets cannot avoid the presence of feedback loops. When the feedback loops are recognized, they
System Feedback Loops Reinforcing Loop Reinforcing Loop reflects the ability of one action to produce an outcome that influences more of the similar action thus resulting into eventual growth or decline (Bellinger, 2004). Reinforcing loop represents one of the foundational structures in relation to systems of thinking. Virtuous Cycle is the ability of reinforcing loop structure to produce desirable result in the process of its application. In the incidence of desired result,
System Feedback Loops of Whole Foods Systems model use two basic feedback loops, so-called Balancing and Reinforcing loops, to illustrate the relationships between growth and goals. This paper identifies one Balancing Loop and one Reinforcing Loop that are critical to Whole Foods Market's performance and success. An explanation of each of these feedback loops, including the causal factors and how they affect each other, is followed by a discussion concerning an
In these cases, Whole Foods will encourage executives and staff members to work together in helping to enhance the quality of life for everyone inside the communities where various stores are located. This increases favorable perceptions and it allows the organization to build upon the image it has established. This shapes their global behavior, by showing the way Whole Foods is taking into account the needs of the environment,
Nutrisystems and Feedback Loops Company Background -- NutriSystems, Inc. was founded in 1972 and is headquartered in Pennsylvania. It is a commercial provider of weight-loss products and services, until 1999 offering brick-and-mortar weight-loss counseling and products and then moving to a direct to the consumer model through the Internet, mail order, and phone. Since 2001, the products have been featured on the QVC shopping network and most recently (2009) in Costco
The goal in this loop is to improve the perception. Thus, more innovations are required. However, there is not a clear-cut reinforcement mechanism, if only because the industry is highly competitive and many firms are viewed as innovators. The perception of being innovative in the smartphone industry is more of a hygiene factor than anything else -- you need to be an innovator to even be in the market