The impact of perceived value on patient satisfaction and behavioral intention in private teaching hospitals of Nepal

To meet the growing expectations of patients, it has become inevitable for healthcare institutions to improve their quality. This study investigates how perceived value influences patient satisfaction and behavioral intentions in four private teaching hospitals in Nepal. This study employed a mixed-methods approach. In the first phase, the qualitative study extracted value dimensions using thematic analysis following an in-depth interview with nine patients. The five themes were functional value of emotion, personnel, price, establishment and service quality. These findings guided the development of a structured questionnaire used in the quantitative study phase. 399 patients of Outpatient Department across four private teaching hospitals of Kathmandu participated in this phase. The study used convenience sampling for respondent selection and data analysis was conducted using structural equation modelling with the SMART PLS approach.The findings showed that patient satisfaction was significantly affected by the functional values related to emotion (β = 0.160, p < 0.001), personnel (β = 0.238, p < 0.001), price (β = 0.239, p < 0.001) and service quality (β = 0.376, p < 0.001), while establishment (β = -0.207, p < 0.001) was found to have no impact on satisfaction. The result also showed a significant impact of patient satisfaction on behavioral intention (β = 0.229, p < 0.001). The insights from the findings highlight the main factors that patients link to value, which enables the healthcare providers to strategize and offer services accordingly. Understanding these factors helps develop the value aspects that focus on optimizing patient satisfaction, trust and build loyalty towards healthcare services over time.