...demanded for a good rises as the price falls, with all other things staying the same. The law of demand also states that if factors remain equal the higher price of goods, creating a lesser demand for the product (Getzen, 2007). Current issues such as health care and the effects on the economy are subjects that could be assessed through economic tools and concepts. The United States of America spends billions on the health care industry. This has proven to cause a negative effect on the United States economy, for example, this has brought about inflation and unemployment and definitely not suitable for economic growth and development. These negative aspects affect sectors of the economy households, corporate markets, and the government, and an essential role in the financing and funding the United States health care system. The local and federal government collects taxes from individuals and corporations to provide funds for the health insurance programs. Corporations offer employment and issue health insurance to their employees but many individuals viewed as the final consumer incurs some health care costs. The effects of health care expenditure on one sector may affect other interrelated sectors (U.S. Department of Health and Human Services. 2005). Competitors The competition in a particular market arena increases if an existing laboratory chooses to...
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...their future success. Changes incorporated into a common goal demand strategic management especially in health care organizations. “A well-crafted, duly executed strategic plan can provide numerous intangible, internal benefits for a health care organization’s culture, working environment and employees"(Reed, 2013). Today’s health care environment, with expectations of health care organizations constantly changing creates a compelling reason to employ strategic planning. To ensure success, the whole organization must be involved in strategic planning. There are five essential components of strategic planning, and they are “engaging commitment, setting long term strategic objectives for improved performance of the organization, generating policy options. Evaluating and deciding on strategies and monitoring implementation of the policies against the long-term goals" ("Components of Strategic Planning", 2005). Practical implementation of each of these components requires organizational extensive corroboration and accountability. The strategic management process enhances all of the essential elements of strategic planning. An organization’s strategy and goals embedded in the strategic management process enables management to make better decisions. Such decisions lead to a better performance throughout the organization. “The five stages of the process are goal-setting, analysis, strategy formation, strategy implementation and policy monitoring” (Clayton, 2015). Goal setting makes...
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...Introduction Health IT has improved patients safety, healthcare quality, efficiency and data collection and has helped restrain rising cost. Health information technology encompasses a broad array of technologies involved in managing and sharing patient information electronically than paper. http://www.allhealth.org/publications/health_information_technology/health_information_technology_toolkit.asp states Many in the U.S. have high hopes for health information technology, or health IT. Hospitals hope to reduce medical errors, such as ordering and administering the wrong dose of a medication. Providers hope to access and share patient information more easily, thereby improving care. Governments and businesses hope to save money by improving efficiency. In this paper, I will determine, within the healthcare setting, the main features, capabilities, and operational benefits to a health care organization using the following: patient care applications, management and enterprise systems, e-Health applications, and strategic decision-support application, I will assume the responsibility of a healthcare administrator for the health information systems within my organization and create an argument to be presented to the leaders with the organization that a strategic plan is essential for the IM/IT, assess the importance of a system development life cycle as it pertains to both the development of a custom application, coupled with the selection of proprietary systems, recommend the...
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...has had many very different job descriptions. The main purpose for Human resource management is managing people within an organization with a very thorough and structured process. HRM, complex as it is, is constantly evolving with the ever changing times every businesses faces. “The goal of HRM is to maximize the productivity of an organization by optimizing the effectiveness of its employees while simultaneously improving the work life of employees and treating employees as valuable resources,” according to reference to business. Within this paper many areas of Human Resource management such as the EEO and affirmative action, the planning and recruitment process, the selection and development process, the compensation and benefits process, the safety, health, and employee and labor relations will be examined. Every business big or small should have long and short term goals and a strategic plan to achieve those goals in order to increase the market value of that organization. When you speak of HRM, you speak of people, every business has to have people, and having a well-developed HRM department will allow the business to gain their employment, develop their skills, and keep them motivated and happy while working for the organization. Listed below are the major everyday strategic HRM tasks; •planning and alignment •staffing •preparing compensation offers •orchestrating cultural change Let’s begin with HR planning. Strategic HR planning is a very important part of...
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... Paper STATUS REPORT – IDENTIFYING THE BEST ANALYSIS FOR SAFETY PROGRAMS IN THE WORKPLACE The activities aimed at safety at work are regarded as an investment made in the field of human resources. These activities give rise to costs for the company. The advantages and disadvantages of various types of analysis of costs and benefits are determined by the expectations of the management. This status report considers three different economic analyses. A working hypothesis determines which one of the methods is the most feasible and appropriate in attempting to explain the advantages and disadvantages of a particular safety program. Finally, a conclusion reveals the steps that are yet to be taken, the final recommendation and presentation deadlines. PROBLEM STATEMENT Apart from the ethical/moral reasons, underlying the desire to protect the health and human life, and from the obligations arising from the law of rules and regulations, economics play an increasingly important role in choosing a safety plan. Safety is increasingly being considered as an investment made in human resources (Zangmeister & Nolting, 1996). It is essential to evaluate such investment in terms of return, and based on this criteria a particular safety project is chosen rather than another one. ...
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...HCS/552 Health Care Economics Terms Comparison Paper Abdel Rahman Shehabeddin Instructor Nate Garner Monday, August 28 2011 Terms Comparison Paper Economics is the study of how people make choices when they want to utilize resources (American Economic Association, 2011). Health care organizations strive to use the same concept of economics when they choose how to allocate resources and plan how to use them because it is essential to their survival. Therefore, health care and economics are connected in the sense of sharing the same terms such as resources, quality, and cost. This paper analyzes how the terms resources, quality, and cost are similar in economics and health care, and how these terms differ in economics and health care. Terms In economics a resource is defined as a product, asset, or other services with limited availability utilized to generate commodities and services that convene to human requirements and desires. Every economy has, in varying degrees, vast amounts of diverse resources, or factors of production. Factors of production can be classified in many ways. One common classification design distinguishes human resources, natural resources, and manufactured resources (Henry George Institute, 2011). Human resources or labor is the quality and quantity of human effort directed toward producing goods and services ("Human resources," 2006). Natural resources such as land with its innate mineral deposits that is accessible without any human effort or...
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...EHR/CPOE Implementation Executive Summary This thesis follows the implementation of Computerized Patient Order Entry/Electronic Health Record (CPOE/EHR) system implemented by Partners Healthcare System (PHS) during 2002-2003 for all its constituent practitioners. It looks at the problems faced during implementation of the system and identifies new potential problems that the system may encounter. Particularly in consideration is the effort it takes to convince healthcare professionals to switch to CPOE/EHR, the cost of installing the system, the potential of automating redundancies in the system and the potential of healthcare professionals getting skewed data out of the system suggestions. It looks at the management challenges faced by the administration when bringing about CPOE/EHR to PHS and divulges in some techniques that were used for tackling these issues. It defines ways in which the system is being used to improve patient healthcare and save millions of dollars for the government, healthcare facilities and patients alike. This thesis also finds ways to combat the potential problems that may arise later and the system and looks at related government policies and statutes which apply to the implementation. Finally some metrics of success are discussed their effectiveness in driving a result. Problem Definition CPOE/EHR Implementation can face a host of problems that can hinder the process flow and the acceptability of the system by the people involved. The initial...
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...new Affordable Care Act is affecting United States Nation? New Health Insurance Marketplace Coverage or ObamaCare depends on a number of factors including income and whether or not the effective person currently has a health insurance. The new Affordable Care Act was signed into law by President Obama on March 23rd, 2010 and upheld in the Supreme Court on June 28, 2012. Since then United States Nation has face some difficulties and negative effects and some positive influence and effects on society. Eric Golub talks about some of the negative effects and his disagreement of the new Affordable Care Act in the Washington Times Communities: “Obamacare is a bad law. It was described deceitfully, enacted into law dishonestly, implemented inefficiently, and affecting far too many people adversely. The bad outweighs the good, which is why a majority of people detest it.” Eric Golub also talks about promises that Obama made were proven false and how they affect average economy when he said” If you like your doctor or your plan, you can keep it.” Eric Golub points out “People are currently receiving cancellation letters. Obama promised reduced costs, but it is impossible to give more of something to more people and have it cost less.” [1] Grace-Marie Turner, James C. Capretta, Thomas P. Miller, Robert E. Moffit are the authors of the book Why ObamaCare is Wrong for America. In this book they talk about how the new health care law drives up costs, puts government in charge of people decisions...
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...Economic Association, 2011). Thus, this fundamental process links economics and health care, as health care professionals use economic principles in their everyday professional behaviors. Health care organizations strive to use the same concept of economics when they choose how to allocate resources and plan how to use them because it is essential to their survival. Therefore, health care and economics are connected in the sense of sharing the same terms such as resources, quality, and cost. The objective of this paper is twofold – to analyze how the terms of cost, quality and resources are similar and yet dissimilar in healthcare and economics. Terms Resource is defined economically as a product, asset, or other service with limited availability utilized to generate commodities and services that convene to human requirements and desires (Gretzen, 2007). Because these types of resources are relatively scarce and limited, economists, decision makers, and health care providers must all find a way to allocate resources efficiently and in a cost effective manner. Economic resources are also found to have a substantial and considerable effect on the utilization of medical care (Chung, 2006). Healthcare services are provided to consumers by the utilization of resources such as personnel or work force (i.e., Nurses, Physicians), equipment, funds, and facilities. Therefore, both economics and health care use different types of resources to produce services to meet people’s healthcare...
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...Vitamin Supplements and improved Health Vita means "life" in Latin, and vitamins are essential for life. The World Health Organization calls them the "magic wands" used by the body to synthesize enzymes, hormones and other chemical necessities. Unable to create vitamins from scratch, the body must fetch them from outside sources typically food. Humans need 13 vitamins to survive. Vitamins, also called "micronutrients" because they are required in minute quantities, can be grouped in two categories. There are those that dissolve in fat—A, D, E and K—and can accumulate in the body when consumed in excess. And there are those that are water soluble—C and B—which are easily excreted, as anyone who takes large quantities of vitamin C and riboflavin (B2) can testify. (Their urine is bright yellow or orange.) The best way to get vitamins is through food, not vitamin pills, according to Susan Taylor Mayne, a professor at the Yale School of Public Health's Division of Chronic Disease Epidemiology. A major problem with supplements is that they deliver vitamins out of context, she says. The vitamins found in fruit, vegetables and other foods come with thousands of other phytochemicals, or plant nutrients that are not essential for life but may protect against cancer, cardiovascular disease, Alzheimer's disease and other chronic ailments. Carotenoids in carrots and tomatoes, isothiocyanates in broccoli and cabbage, and flavonoids in soy, cocoa and red wine are just a few examples. The...
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...campaign, President Obama argued for health care reform by saying that health care is a right. In the outcome of healthcare reform, Americans ask the question; how can we pay for healthcare reform? This is a continuous debate on the Senate floor, and American politicians have many differences and if not solved it will continue to hinder the progress of healthcare reform. Both republicans and democrats are at debate over quality of healthcare. Many think American government is trying to take over. Health care is an incredibly intense industry. Every patient contact, care experience, and outcome must be documented in an accurate way. Accrediting bodies such as Joint Commission on Accreditation of Healthcare Organizations review documentation to assess compliance with standards of care for a quality assurance. If a hospital is not accredited by Joint Commission Accreditation Healthcare organization it cannot receive healthcare which means healthcare record keeping is crucial. Patient record keeping is complex and complicated. Methods of organizing patient information require teamwork and the ability to track patient encounters from the time the patient is admitted until the patient is discharged. Healthcare quality may be defined in many diverse ways with differing implications for healthcare providers, providers, patients, third party payers policy makers, and other stakeholders. First high quality health services should accomplish desired health outcomes for individuals, matching...
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...development programming. Involve stakeholders from civil society in dialogue on objectives and activities. National machineries for women, local women’s organisations, NGOs and other local advocates for women’s rights can play a key role in setting directions for country strategies and in activity design. They can hold institutions accountable for addressing gaps between commitments and practice. Make long-term commitments to partners and activities. This is essential for sustainable progress towards gender equality at both macro and micro levels. Discuss gender equality with partner countries Dialogue to develop partnerships on gender equality is needed when agencies are developing country assistance strategies, and also at the activity level during design and implementation. This means that development workers need to talk with partners about how women’s needs, benefits and rights are relevant to the development activities being planned and implemented, taking into account the social, economic and political context; and how equal benefits will increase the effectiveness of activities and the sustainability of outcomes. Ideally, this dialogue and negotiation will result...
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...Systems and Employee Benefits 1. Describe the differences between job analysis and job evaluation and how these practices help establish internally consistent job structures. Job analysis is the fundamental process that creates the support of all human resource activities. It is also explained in a clearer way as the process of gathering, documentation and analyzing information about the work needs for a job. The information collected in a job analysis, and reflected through a job description; contain a description of the framework and the principal requirements of the job, and information about the skills, responsibilities, mental models and methods for job analysis. They include, the Position Analysis, Questionnaires, which converge on generalized human behavior and interviews, task inventories, fundamental job analysis and the job element method. A job analysis gives a goal picture of the job, not the person implementing the job, and as such, provides fundamental information to aid all subsequent and related HR activities, such as recruitment, training, development, performance management and succession planning. Job analysis is the method for acknowledging responsibilities or behaviors that describe a job. Separately from attesting the integrity of selection methods, job analysis is the support of virtually scales every other section of industrial psychology, involving performance appraisal training and human elements. Furthermore, job analysis is the essential part of job evaluation...
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...want to utilize resources. This fundamental process links economics and health care together because health care professionals use economic principles in their everyday professional behaviors. Health care organizations do their best to use the same concept of economics when they decided how to allocate resources and plan how to use them because it is essential to their survival. Therefore, health care and economics are connected in the sense of sharing the same terms such as resources, quality, and cost. The objective of this paper is to analyze how the terms of cost, quality and resources are similar and yet dissimilar in healthcare and economics. Resource The term resource is defined as the product, asset, or other service with limited availability utilized to generate commodities and services that convene to human requirements and desires (Gretzen, 2007). As a result of these resources can be restricted, many economists, decision makers, and health care providers are forced to find ways to efficiently allocate resources within their organization in order to maximize cost effectiveness. Economic resources are also found to have a substantial and considerable effect on the utilization of medical care (Chung, 2006). Healthcare services are provided to consumers by the utilization of resources such as personnel or work force, equipment, funds, and facilities. Consequently, economics and health care utilize different types of resources to produce services in order to...
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...Jennifer Bautch, Laura Bentem, Shana Estabrooks, Kenisha Sulker HCS/490- Health Care Consumer Trends & Marketing April 18, 2016 Dan Crawley Marketing Strategy Template Research Introduction (Tempess) Marketing & Communication Strategy Templates SWOT analysis is a situational assessment that can be used for marketing strategies for a business. SWOT analysis is the breakdown of the Strengths, Weaknesses, Opportunities and Threats for the business; they are able to utilize this breakdown to their benefit for marketing purposes. Another marketing strategy is Differential Advantage. Differential Advantage is a marketing strategy where an organization focuses on and promotes the benefits or expertise of their organization that other organizations do not have and consumers seek (Berkowitz, 2011). Communication strategies must be used in marketing as well. Integrated Marketing Communications (IMC) is a communication strategy that helps shift marketing solely from advertising to multi-media advertisement and consumer promotion for a strategic implementation of their brand or organization while aligning communication and marketing goals (Holm, 2006). Another communication strategy is in Public Relations (PR). Public Relations are the beneficial relationship between an organization and the community it is in. PR can promote the business to the public while also doing analysis of public opinion and using that data towards further marketing strategies...
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