...Infrastructure Library (ITIL) standards and guidelines. ITIL is essentially a set of publications that together offers a framework of “best practices” management guidance for all aspects of IT services (Tan & Payton, 2010). This assignment will cover the ins and outs of when information technology fails within the health care organization. Research will be done to identify what the contributing factors are when failure occurs, and how it impacts the organization’s operations and the security of the information. Also the team’s reaction to the failure, as well as the measures taken by the leaders in dealing with the various stakeholders will be explored. Custom application and proprietary systems, along with project metrics and portfolio management for the insurance of operational efficiency and effectiveness will be discussed. Also a view of what the government has done to secure health care and patient information will be analyzed. Background story- A Florida health system experienced an IT network failure that rendered the organization’s $80 million Epic electronic medical record system to fail, the outage lasted nearly two days. The three-hospital Martin Health System (MHS) located in Stuart, Fla, reported a...
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...Running head: COST AND QUALITY ANALYSIS Healthcare cost and quality Grand Canyon University July 24th, 2012 Ethics, Policy, and Finance in the Health Care System Sally L. Clark A challenge that the healthcare nation is facing is to provide the quality of care that is expected and obtain low healthcare cost. Working hand in hand with the private sector and government is in hopes of improving the quality of care that each patient deserves and maintaining the cost so that research can continue. The purpose of this paper is to look into relationships between healthcare cost and quality healthcare. Differences in HealthCare Cost and Quality Working in the healthcare system, you often wonder if the nation works on quality of care or do they work more on cost of healthcare. Quality of care is an important role in achieving the best healthcare. Cost of healthcare is based on incentives that support the effectiveness while curving the spending growth (MacReady, 2012). Reform needs to be provided a baseline in evaluating healthcare delivery systems for a broader success of payments and delivery models with payment providers (2012, p.2). Sometimes higher cost effects quality of care. Some decisions need to be made that may affect the “clinical and fiscal health of the nation” (2012 p.1). Differentiating Roles and Major Activities Public and Private agencies plays an important role on how healthcare is delivered. The Commonwealth Fund...
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...Joyner Strayer University HSA 520- Health Information Systems March 15, 2015 Abstract Information technology failure is a hard thing for a business to deal with in the world of business. When IT failure occurs, the business has to worry about the faith that is lost from customers, vendors, banks, and whomever else having a small share in the business. Depending on the type of business, it could take months, even years for a business to recover from IT failure. However, in order for the business to bring themselves out of the IT failure, they must find the key factors that contributed to the failure, analyze the leadership team’s reaction to the failure, develop a custom application or select a proprietary system, adopt practices to avoid future IT failures, project metrics and portfolio management, and government intervention. Information Governance In December 2013, Sutter Health System in Northern California went through an IT software glitch that left them off network for nearly two days. “On August 26, at approximately 8am, the Epic EHR system failed, at which time nurses, physicians and hospital staff had no access to a patient information, including which medications were taking or required to take and all vital patient history data, according to reports from the California Nurses Association, part of National Nurses United, the largest nurses union in the U.S.”(Iijima 2012). As a result of EHR failure, the quality of patient care dwindles. Patients needing maintenance...
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...Healthcare Sector Overview Industry Theme: The Healthcare sector is divided into two main industry groups. The first includes companies who manufacture healthcare equipment and supplies, as well health care related services, including basic healthcare service providers, owners and operators of health care facilities, and equipment distributors. The second group comprises companies that are primarily involved in the research, development, production, and marketing of biotechnology and pharmaceutical products. Business Overview: Healthcare companies currently shift their focus toward having more efficient management to drive profit higher. Significant regulatory changes, technological innovations, and financial pressures have influenced the need for health services to grow at a more aggressive rate. While monitoring the sector, it is easy to see that the average increase across the six industries has had a positive return of 1.54% over the past year, with the only lagging industries being Biotechnology (-0.76%) and Health Care Technology (-8.40%). Since the introduction of ObamaCare (or the Affordable Care Act) in 2010, insurance companies have taken advantage of those enlisted in the program by creating fewer opportunities to use “inside network” physicians and forcing patients to either forego treatment or take on the financial burden themselves. Estimates for 2016 show that insurance companies around the country are seeking premium rate increases of 20 percent...
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...Below To Buy: http://hwcampus.com/shop/hsa-505-week-3-assignment-1-product-development/ Health services continue to affect the gross domestic product, and this dramatic transformation has great demands on each dollar spent to deliver patient-centered products. Health care marketing must be repeatedly applied and practiced strategically to include environmental dimensions, such as technology, socioeconomics, competition, and regulatory. That being said, in today’s global economy, investors and potential entrepreneurs must tap into the so-called “unexplored” market. In this aspect, health care establishments must utilize marketing, advertising, as well as sales strategies when pursuing new customers (e.g., suppose a health care investor wanted to build a small hospital in a rural community); this would entail exploration and logistical experimentation to determine who will patronize the facility. In an impoverished neighborhood, the feasibility of having lucrative profits may see diminishing returns, and so the venture may be not worth the effort. Also, suppose that the potential investor wants to sell mosquito deterrents (e.g., bedside netting in malaria-infested regions of Asia or Africa); then it would be wise to investigate the number of beds that are actually in the village, and who would be willing to purchase them. These activities take into account the investor portfolio, as well as the feasibility of marketing and selling the product. Such exploration also examines...
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...Below To Buy: http://hwcampus.com/shop/hsa-505-week-3-assignment-1-product-development/ Health services continue to affect the gross domestic product, and this dramatic transformation has great demands on each dollar spent to deliver patient-centered products. Health care marketing must be repeatedly applied and practiced strategically to include environmental dimensions, such as technology, socioeconomics, competition, and regulatory. That being said, in today’s global economy, investors and potential entrepreneurs must tap into the so-called “unexplored” market. In this aspect, health care establishments must utilize marketing, advertising, as well as sales strategies when pursuing new customers (e.g., suppose a health care investor wanted to build a small hospital in a rural community); this would entail exploration and logistical experimentation to determine who will patronize the facility. In an impoverished neighborhood, the feasibility of having lucrative profits may see diminishing returns, and so the venture may be not worth the effort. Also, suppose that the potential investor wants to sell mosquito deterrents (e.g., bedside netting in malaria-infested regions of Asia or Africa); then it would be wise to investigate the number of beds that are actually in the village, and who would be willing to purchase them. These activities take into account the investor portfolio, as well as the feasibility of marketing and selling the product. Such exploration also examines...
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...An analysis of order qualifiers and order winners of the operational strategy of Pfizer Inc. Worlds’ leading pharmaceutical manufacturer A report prepared by Dr Amit Roy Contents 1.0 Executive Summary 4 2.0 Background 5 3.0 Key Financial information 5 4.0 Order Qualifiers and Order Winners 6 4.0.1 Safe clinical trials and drug delivery methods to objects 6 4.0.2 Health and safety standards 7 4.0.3 License to manufacture 7 4.0.4 Off license manufacturing 7 4.0.5 License to distribute the products in a specific regions 7 4.0.6 Quality of products 7 4.0.7 Cost 8 4.0.8 Supply chain 8 4.0.9 Capacity 8 4.0.10 Innovation 8 4.0.11 Market offering 9 4.0.12 Human resources 9 4.0 Pfizer’s broad order winners and operational strategy 9 4.1.13 Improving the Performance of the Innovative Core 9 4.1.14 Engine for Sustainable Innovation 10 4.1.15 Making the Right Capital Allocation Decisions 14 4.1.16 Earning Respect from Society 15 4.1.17 Creating an Ownership Culture 16 4.1.18 Corporate Governance 17 5.0 Conclusion 17 6.0 References 18 1.0 Executive Summary This report investigates the operational strategy of Pfizer, world’s...
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...Sample paper AQA AS Business Case study – Paper 2: Answers SAGA 1. price at flotation = 185 pence; price on 15/10/14 = 158 pence % change = 27p / 185p x 100 = a fall of 14.6%. 2. 33% is 20m so 20m/ X x 100 = 33% so X = 20m x 100 / 33 = 60,606,060. 3. If Saga can reduce its debt levels this would mean less interest costs and so higher profit. This could help the share price recover as investors could now expect to be paid more dividend. The article says that debt financing costs reduced Saga profits by over £20m. Alternatively the extra profit could be used by Saga and be reinvested into areas where Saga wants to grow (e.g. care homes). Funded by profit, an internal source of finance, future business growth could make the shares worth more so their price will rise and shareholders will hold an investment in Saga which is more valuable. 4. When demand is price elastic it means that changes in price have a more than proportionate impact on demand. If, e.g., Saga were to increase its insurance prices by 5% and the PED is -1.5, then demand will fall by 7.5% and there would be a fall in Saga insurance revenues. However, if Saga reduced prices by 10% then demand would rise by 15% and revenues would rise. Operating in markets where low price might be important (because people might not be fussy about who provides the insurance as long as there is cover), if Saga can offer competitive rates then it might be able to increase its market share. To be able to offer...
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...comprehensive, science based portfolio of Total Facial Rejuvenation products available, including BOTOX Cosmetic; hyaluronic acid and collagen based dermal fillers; and physician dispensed skin care products. Allergan Medical also offers the industry's widest range of breast implant options for reconstructive and aesthetic breast surgery, and leading minimally invasive devices for obesity intervention treatment. The Product Manager/Sr. Product Manager, Plastic Surgery directs the development, market analysis and implementation of marketing plans for the U.S. Breast products in Augmentation to support achieving sales and profit objectives. This position is responsible for the development and execution of professional and consumer customer marketing plans and resource allocation to ensure realization of long-term product/brand strategies and financial goals. The incumbent will direct and manage sales forecasts, budgets and production forecasts. Along with the Sr. Director Marketing, Plastic Surgery, this position develops Breast business strategy consistent with business unit goals. Qualifications Education and Experience • Bachelors degree in related field, MBA preferred • Five to seven years professional Product Management experience • Knowledge of health care and/or pharmaceutical industry • Supervisory experience preferred • Two years health care field sales experience preferred • Highly desired: DTC and PR experience, or other health care consumer marketing...
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...your purchase. I. Cover Letter Dear…, I am currently seeking an investor for my company, Basic Quality Care, non-profit trade association that includes and represents long term care providers devoted to providing professional cares to their clients. Based on the interest you have shown for the health care industry, I am fully confident that our business may be of interest to you, for which reason I have taken the liberty of hereby including a business plan presenting the most important elements related to both our industry and the competitive advantage our association brings. Basic Quality Care is determined to bring a new approach in the health care industry by providing diversified assisted living facilities to include supportive and health-related services, as well as personalized care. Taking into consideration the changes in the marketplace and our clients’ demands, we have embarked upon providing the necessary difference in health care services. Our management team boasts significant experience in this industry and is set to combine quality with reasonable prices in their performance. In order to achieve our goals, we are requesting a total amount of $280,000 to be provided in the form of a 30 year fixed interest loan. Thank you for your consideration and interest in Basic Quality Care. Please contact me with any questions you have, and I will be pleased to provide any additional information you require. If, upon completing...
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...Standard Mandatory Confidential St December 2008 The Nutrition, Health and Wellness Mapping Standard for Product Portfolio Evolution RE S PL PON PR EAS SIBL OD UR E UC E TS PR OTH OD ER UC TS AD NF PR EQU OD AT UC E TS AD NUT D R PR ED V ITION OD AL UC UE TS 60/40 win NH STR O PR W VA NG OD LU UC E TS Classification Standard Date of publication December 2008 Replaces Not applicable Author Corporate Wellness Unit. The Corporate Wellness Unit wishes to thank: u Wellness Champions of Zones, SBUs and Markets u Nutritionists of NRC, PTCs and Markets u GLOBE and F&C specialists u Market Heads and SBU Heads who commented on the strategy as it was evolving u And so many other talented colleagues from corporate teams. Approver Nestlé Board of Directors and Nestlé Executive Board Paul Bulcke Chief Executive Officer Werner Bauer Executive Vice President Strategic Business Units, Marketing and Sales Repository All Nestlé Principles and Policies, Standards and Guidelines can be found in the Centre online repository at: http://intranet.nestle.com/nestledocs Copyright and Confidentiality The content of this document may not be reproduced, distributed or disclosed to third parties without proper authorisation. All rights belong to Nestec Ltd., 1800 Vevey, Switzerland. ©2008, Nestec Ltd. This booklet, and accompanying materials including the CD-ROM, should be kept strictly confidential. Please only share with colleagues who are directly involved...
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...guarantees access to health insurance for Americans ages 65 and older and younger people with disabilities as well as people with end stage renal disease. As a social insurance program, Medicare spreads the financial risk associated with illness across society to protect everyone, and thus has a somewhat different social role from private insurers, which must manage their risk portfolio to guarantee their own solvency.[1] Medicare offers all enrollees a defined benefit. Hospital care is covered under Part A and outpatient medical services are covered under Part B. To cover the Part A and Part B benefit Medicare offers a choice between an open-network single-payer plan (traditional Medicare)and a network plan (Medicare Advantage, or Medicare Part C), where the federal government pays for private health coverage. A majority of Medicare enrollees have traditional Medicare (76 percent) over a Medicare Advantage plan (24 percent). Medicare Part D covers outpatient prescription drugs exclusively through private plans, either standalone prescription drug plans or through Medicare Advantage plans that offer prescription drugs In 2010, Medicare provided health insurance to 48 million Americans—40 million people age 65 and older and eight million younger people with disabilities. Medicare serves a large population of old, sick, and low-income people, many of whom would be unable to afford health care otherwise. On average, Medicare covers about half (48 percent) of health care costs for enrollees...
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...activities. The Procter & Gamble Company (P&G), incorporated on May 5 1905, provides consumer packaged goods. It is an American multinational consumer goods company headquartered in downtown Cincinnati, Ohio, United States, founded by William Procter and James Gamble, both from the United Kingdom. The Company operates in five segments under GBUs: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Feminine and Family Care. The Company's products are sold in over 180 countries and territories. Its organizational structure consists of Global Business Units (GBUs), Global Operations Global Business Services (GBS) and Corporate Functions (CF). The GBUs are responsible for developing overall brand strategy, new product upgrades, and innovations and marketing plans. P&G's customers include mass merchandisers, grocery stores, membership club stores, drug stores, department stores, salons distributors, e-commerce and stores. Beauty In the Company's beauty care segment, it offers a range of products ranging from deodorants to cosmetics to skin care. The beauty care segment also includes hair care and color products. Grooming The Company's Grooming segment includes blades, razors and electronic hair removal devices, such as electric razors and epilators. The Company holds over 20%...
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...Overview of Assisted Living Facilities Richard Brady BUS 620 Managerial Marketing Prof. Debra McCoskey-Reisert August 25, 2014 After reviewing several industries for this assignment, I chose the health care industry, specifically the Assisted Living portion. This industry right now is a very dynamic one with a lot of changes occurring on a consistent basis. Hence the ability to use an analysis tool would allow a good look into the potential of this industry. Finch explains in the text, that the information gathered when using a analysis or from an environmental scan “systematically assesses how elements of the external environment will impact a business or market.” It also “provides managers with relevant information to improve the quality of marketing decisions.” The analysis that will be used, is the PESTEL model which identifies six different external factors that could affect a business, political, economic, social, technological, environmental, and legal. Political influences on Assisted Living would include any federal restrictions that have been implemented. The biggest variable however, would be the state regulations. Assisted Living is currently regulated by each individual state. This makes doing business in multiple states a little confusing, and frustrating because you have to be familiar with each state’s expectations. When a state auditor comes to inspect your facility in Washington, there will be different expectations than when an audit is done...
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...Quality (AHRQ), 2014) ]. Mission “AHRQ's mission is to produce evidence to make health care safer, higher quality, more accessible, equitable, and affordable, and to work with the U.S. Department of Health and Human Services (HHS) and other partners to make sure that the evidence is understood and used” [ (Agency for Healthcare Research and Quality (AHRQ) , 2014) ]. Goals AHRQ has four primary goals. First, they aspire to “Improve healthcare quality by accelerating implementation of patient-centered outcomes research (PCOR)”. They hope to be successful in doing so by “developing PCOR methods, training PCOR researchers, and disseminating PCOR findings” [ (Agency for Healthcare Research and Quality (AHRQ) , 2014) ]. In response to the rapid changes in the delivery of healthcare and the impact of The Affordable Healthcare Act, AHRQ is currently attempting to penetrate the primary care practice environment. The Affordable Healthcare Act requires a change in the current system. One goal is to improve healthcare quality and be cost-efficient in delivering services and; in line with doing so, specialty physician practices will be minimal. On the upside of this change, general practice physicians will become the center of how healthcare is delivered. AHRQ intends to “invest in an ambitious initiative to disseminate and support the implementation of PCOR findings in primary care practices” (Agency for Healthcare Research and Quality (AHRQ) , 2014). Second,...
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