As involving external stakeholders leads to better financial performance, although this is less clear as it is with internal stakeholders (Berman, Wicks, Kotha & Jones, 1999). 2009). Engaging key stakeholders is critical to the success of a Medicaid care management program. These stakeholders include patients, providers, payers, and policymakers. The quality of the Healthcare systems depends heavily on how mobilized and concerned these professional groups are in ensuring quality health services. The role of governance has a vital impact on the interests of the important stakeholders in a healthcare system. Identifying and managing internal and external stakeholder interests. Each stakeholder sees the company from a different view. Identifying and managing internal and external stakeholder interests. Their primary responsibility is to maximize stockholder wealth. Two of the stakeholders, pharmaceutical firms and insurance companies, are publically owned corporations listed on the stock exchange. Organizational Needs and Expectations. development of a strategy. The first stakeholder is the policymakers, ministers, or jurisdictional authorities for deciding the healthcare policies. External stakeholders A health care organization must respond to large number of external numbers of external stakeholders. Internal stakeholders are those who are involved in your company directionâtheyâre part of operations, employees, and management. The consideration of organizational needs and expectations has a positive effect on outcome of health care delivery programmes or systems. There are instances where these external stakeholders might intervene to champion for the welfare of the internal stakeholders (Jennings, 2012). The terms internal and external stakeholders come into play as well. Stakeholders are individuals who are involved in, have a vested interest in, or a âstakeâ in the success of an organization (Merriam-Webster, 2011), such as a hospital. For instance, the labor unions normally lobby for adequate employee welfare within organizations. As the healthcare market is even more complex than regular markets, Internal & External Stakeholders In Healthcare Assignment. different internal and external stakeholders that Dr. DoRight might have to deal with on a daily basis at the hospital. he role of governance has a vital impact on the interests of the important stakeholders in a healthcare system. Health Details: The role of governance has a vital impact on the interests of the important stakeholders in a healthcare system.Markwell, S. & Leigh-Hunt, N. (2016). Internal Stakeholders â those who operate within an organization, in this case generally Hospital staff. Markwell, S. & Leigh-Hunt, N. (2016). Internal & external stakeholders in healthcare - Elite . The U.S. Department of Veterans Affairs (VA) is expanding its focus on partnerships to create a more integrated network of services that can support Veterans' needs throughout their life. All stakeholders have duties and responsibilities. Partners and Stakeholders Office of Health Equity Partnerships. Internal organizational needs; External needs; Fairness and justice; The impact of prejudice and discrimination on individuals and groups; Answer. Involving stakeholders during the planning and designing stages can lead to early buy-in, successful program design, and establishment of long-term support for the program. By considering these differing views, the company can better evaluate decisions. Identifying and managing internal and external stakeholder interests. â¢ ACCORDING TO POSITION /WORK â¢ External stakeholders â¢ Interface stakeholders â¢ Internal stakeholders 9. Markwell, S. & Leigh-Hunt, N. (2016). Clearly the interrelationship among the stakeholders in the healthcare system is rather complex. External Stakeholders- stakeholders who are impacted or impact the Hospital, but are not employed by the Hospital (Fottle et al. They fall into three categories in their relationships to the organization.