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    Value Creation in PPP Projects Undertaken in the Turkish Healthcare Industry

    Source: Journal of Construction Engineering and Management:;2023:;Volume ( 149 ):;issue: 011::page 04023108-1
    Author:
    Eralp Yüksel Erk
    ,
    Cenk Budayan
    ,
    Kerim Koc
    ,
    Onur Behzat Tokdemir
    DOI: 10.1061/JCEMD4.COENG-13473
    Publisher: ASCE
    Abstract: Due to the capacity deficits of the healthcare sector, governments faced many difficulties when responding to the burden caused by the COVID-19 pandemic. Private sector involvement in healthcare facilities delivery enabled through public–private partnerships (PPPs) can play a crucial role in overcoming these capacity deficits. Although PPP projects can help to overcome infrastructure deficiencies, some are criticized due to the low value created for stakeholders. These include not only society in general, which uses the healthcare facilities, but also the project participants. Value generation for the latter is also an essential objective of PPP healthcare projects in a generic view, which is often neglected. This study aims to understand value creation in healthcare PPPs by developing a framework based on concepts related to the project value and eventually proposing a business model to maximize the generated value at the organizational level for all stakeholders. In order to achieve the study objective, insights are obtained from a literature survey, semistructured interviews, and focus group discussions. A value-creation model consisting of components and subcomponents of value generation and the relationship between these is proposed. The model demonstrates that the process component plays a central role in value creation, requiring sufficient assets of the parties engaged in and the appropriate governance of PPP projects. The value-creation model proposed here further highlights the driving role of a well-balanced legal framework and organizational learning. All the identified subcomponents are found to be interrelated, highlighting the importance of the proposed business model design in value creation. Overall, given the lack of healthcare facility capacity in many countries and the need to create value in healthcare PPP attempts, the proposed value-creation model is expected to help project participants develop a more value-centric way of managing, controlling, and operating these projects.
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      Value Creation in PPP Projects Undertaken in the Turkish Healthcare Industry

    URI
    http://yetl.yabesh.ir/yetl1/handle/yetl/4293459
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    • Journal of Construction Engineering and Management

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    contributor authorEralp Yüksel Erk
    contributor authorCenk Budayan
    contributor authorKerim Koc
    contributor authorOnur Behzat Tokdemir
    date accessioned2023-11-27T23:17:46Z
    date available2023-11-27T23:17:46Z
    date issued8/28/2023 12:00:00 AM
    date issued2023-08-28
    identifier otherJCEMD4.COENG-13473.pdf
    identifier urihttp://yetl.yabesh.ir/yetl1/handle/yetl/4293459
    description abstractDue to the capacity deficits of the healthcare sector, governments faced many difficulties when responding to the burden caused by the COVID-19 pandemic. Private sector involvement in healthcare facilities delivery enabled through public–private partnerships (PPPs) can play a crucial role in overcoming these capacity deficits. Although PPP projects can help to overcome infrastructure deficiencies, some are criticized due to the low value created for stakeholders. These include not only society in general, which uses the healthcare facilities, but also the project participants. Value generation for the latter is also an essential objective of PPP healthcare projects in a generic view, which is often neglected. This study aims to understand value creation in healthcare PPPs by developing a framework based on concepts related to the project value and eventually proposing a business model to maximize the generated value at the organizational level for all stakeholders. In order to achieve the study objective, insights are obtained from a literature survey, semistructured interviews, and focus group discussions. A value-creation model consisting of components and subcomponents of value generation and the relationship between these is proposed. The model demonstrates that the process component plays a central role in value creation, requiring sufficient assets of the parties engaged in and the appropriate governance of PPP projects. The value-creation model proposed here further highlights the driving role of a well-balanced legal framework and organizational learning. All the identified subcomponents are found to be interrelated, highlighting the importance of the proposed business model design in value creation. Overall, given the lack of healthcare facility capacity in many countries and the need to create value in healthcare PPP attempts, the proposed value-creation model is expected to help project participants develop a more value-centric way of managing, controlling, and operating these projects.
    publisherASCE
    titleValue Creation in PPP Projects Undertaken in the Turkish Healthcare Industry
    typeJournal Article
    journal volume149
    journal issue11
    journal titleJournal of Construction Engineering and Management
    identifier doi10.1061/JCEMD4.COENG-13473
    journal fristpage04023108-1
    journal lastpage04023108-15
    page15
    treeJournal of Construction Engineering and Management:;2023:;Volume ( 149 ):;issue: 011
    contenttypeFulltext
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