In the health care
In the health care
Over the past decade or more, healthcare needs have been drastically changing especially with the increasing medical costs as well as chronic illnesses. Additionally, more and more consumers are becoming tech savvy. In this electronic age, where technological advancement in terms of providing healthcare is almost become a necessity. In order to provide quality healthcare, the board of directors at Pocahontas Memorial Hospital (PMH), which a rural hospital as well as a nursing home, is interested in implementing a satellite clinic as an innovative solution (CSU, 2015). However, it might be quite challenging to attain this business model among rural clinics, which usually are dealing with issues, such as limited funds and working staff.…
Market Analysis for Pocahontas Memorial Hospital Rural Satellite Clinic For health care centers to remain competitive, it is important for them to conduct a comprehensive market analysis to properly understand important issues affecting their health care marketplace (Ginter, Swayne, & Duncan, 2012). An effective market analysis consists of the following elements: industry overview, target customers, market segmentation, competition and market needs, growth, and trends (CSU-Global, 2015). This paper discusses the components of a valuable market analysis and strategic thinking map for Pocahontas Memorial Hospital’s (PMH) that will help them when making strategic decisions and developing strategic alternatives for its’ proposed rural satellite…
Science becomes more revolutionary as time progresses forward. New advances in technology display human’s natural desire for success and development. However, are all advancements in the technological field beneficial? Bianca Banova states in a recent article, “The Impact of Technology On Health Care, “Technology today affects every single aspect of modern society”. She discusses the importance technology has placed in the field of healthcare.…
Health organizations are consolidating in order to create economies of scale which decreases the per-unit cost of care while increasing quality of care. More health organizations are forming health systems by becoming vertically integrated, which offer consumers a one stop continuum of care model (Shay et al., 2013). Vertical integration links services that are at different stages in the process of health care. By integrating a continuum of care health organizations are able to enhance quality of patient care and sustainability, in a highly regulated and competitive marketplace.…
8 managed care contracting terms and how they impact the way that health care is delivered in the United States Managed care contracting is a term majorly used in the United States that majorly describes techniques that are intended to reduce rather lower the costs giving and providing benefits of health with a mission to improve the care quality for specific organizations using the above-stated techniques. There exist more than 8 managed care contracting terms. However, in this case, we shall only discuss only eight managed care contracting terms. The American Association of preferred provider Organizations.…
Traditional business organizations for several years have witnessed the dynamic growth and success of digital organizations who have built their corporate strategy on a technology platform. They now understand the power of a technology based strategy and have started to build their own digital platforms that will become their new business strategy and a tool for competitive advantage to gain market share. A digital platform is a technology enabled business model that follows an innovative approach and creates immediate value. The benefits of a digital platform include revenue generation, cost reduction and supports innovation for new products and service development. The underlining strategic intent of Trinity Health growth-through-acquisition…
SICKO Inside Out 1. What are the major problems in the United States’ health care system? Why have the problems not been fixed? Major problems in the United States or United States’ health care system are as follows: 1.…
Analyze and comment on economic analyses of health administrative innovations that are germane to the provision of health services. How have these innovations become more important in health care delivery within the context of the Affordable Care Act? Throughout the health care system, it has used the expansion of healthcare insurance for accessing several strategies that are used to promote how the services are delivered which is through models, strategies, and payment structure build on the improvement of health care quality. By using the Affordable Care Act (ACA), it has given the Americans a reason to improve on chosen approaches that would eventually overcome the populations based on the reduction of healthcare cost. Develop a list of similarities and differences between cost benefit and cost effectiveness analysis as they pertain to specific health care service demands.…
Healthcare organizations are not only going through technological changes but changes in management practices as well. These changes will challenge healthcare organizations practices, policies, and patient attitude. Comparing the transformational model (TM) with accountable care organizations (ACO’s), this paper will explore how each model improves quality of care, access to care, and reduce cost while discussing their differences. The transformational model focuses on healthcare establishments becoming “learning organizations (Sollecito & Johnson, 2013).”…
Technology will be a great investment as the healthcare industry transfers to an Accountable Care model from a Fee for Service model. Advanced hospital organizations have invested in Healthcare IT to manage the increased financial risks that are being confronted with and this technology has increased the coordination of care by managing the healthcare risk. Healthcare providers are optimizing major Healthcare IT systems and investing in cloud technology, data security, data loss prevention, encryption, mobile devices, and healthcare information exchanges. (Cerrato,…
Most information technology in managed care has been profoundly unique and advanced in today’s health care world. As managed health care continues to grow, we must conform to the beneficial ways of information technology for improving patients’ lives. There is good and bad ways to use technology or information technology, but it’s desired to know how and why it’s used in managed health care. Additionally, having the tools and background knowledge to accomplish the goals in managed healthcare and knowing how it can benefit physician and patient for the long-term. Several sources and examples will be able to portray and shed light on the growing use of information technology and the constant desire in managed health care.…
Technology created a tremendous change especially in the aspect of healthcare and medicine. According to Banova (2013), technology has an immense impact in health as it revolutionized how healthcare is delivered. Thus, modern technologies have changed the organization and structure of the entire medical field. These health inventions have an indispensable impact to people, especially in terms of better way of living. At the same time, these inventions massively influence the economy.…
As medical debt rises and the demand for healthcare reform increases, it has become imperative now more than ever to learn about the factors that affect the healthcare industry. The application of business to the healthcare industry enables healthcare professionals to carry a broader viewpoint on the mechanics and functioning of the healthcare industry. Rather than just using my core science classes and internships to develop my point of view and learn about the healthcare industry, through the certificate program, I aim to broaden my scope of study and learn about the systems that affect the structure and functions of healthcare. Interning at private and public practices, learning about insurance billing systems, I saw how the U.S healthcare…
Managed care programs are focused on the accuracy and reliability of patient services, care and cost. While managed care programs implement, coordinate, and plan the services, care, and cost it’s vital to consider population health and disease management. Population health and disease management have been a significant part for managed care programs for decades and ways to improve and help patients is the goal. The role of primary care physicians and specialists is very important to address the population health and disease management. The unique and profound history of managed care programs have been in the spotlight for decades and more details will follow subsequently.…
As a result, these systems will help shape the future of healthcare as opposed to those who sit on the sidelines (Butcher, 2015). Also, several cutting edge HIT vendors have been instrumental in the implementation of consumer-centric innovations. One example is Athenahealth, who rolled out a program several years ago named, ‘More Disruption Please.’ This program is aimed at bringing together entrepreneurs, investors, clinicians and industry experts to disrupt the status quo in healthcare (Athenahealth, 2016). The number of solutions now available via this program are too vast to mention, however, some examples of consumer-centric offerings are integrated digital check-in tools and online patient scheduling platforms.…