Description 1. Cynthia In healthcare, there are innumerable processes that are needed to provide patient care, perform business operations, and manage internal and external environmental factors. The manner in which these processes are carried out, can distinguish an organization from others in the marketplace both negatively and positively. Having processes means recognizing when there are…
Description 1. Jody Elasticity is a crucial economic concept that has a significant impact on strategic decision-making in healthcare. In healthcare, elasticity refers to the responsiveness of the quantity demanded or supplied of healthcare services to price, income, or other factors. Understanding elasticity is essential for healthcare organizations, policymakers, and stakeholders as it informs a…
Description 1. Mercedes Financial statements in the medical setting Patients medical coverage causes financial losses Operations managers should understand financial statements because it is important to minimize medical loss. Medical losses are defined as “the portion of premium that goes to the medical member’s medical expenses” (Langabeer & Helton, 2021, p. 36). Medicare is the…
Description 1. Marshawn The Affordable Care Act is controversial as it has faced a surplus of pushback from the republican party. By many, it is known as Obamacare. It is a common debate amongst politicians. While enacted in 2010, the Affordable Care Act has been altered throughout the years. The Affordable Care Act impacts many…
Description Research Project: Topic Proposal Assignment Identification of key current problems involving healthcare organizations andeconomic/financial decision-making requires research and problem statement development.Students are expected to provide a submission of no less than 700 words, utilizing threepeer-reviewed journal articles detailing their desired research project. Organizations underconsideration should include but are not limited to hospitals, long term…
Description What are the major phases in the process improvement methodology? What are some of the major types of customer and/or patient service-level issues that exist in healthcare today? Based on your answer, choose one and describe how a process improvement methodology could impact the service outcome. Thread must include a biblical integration and 2…
Description Why should operations managers understand financial statements? What constrains a hospital’s revenue? Explain the operational impact of reimbursement types on health plans and services rendered by the provider. Thread must include a biblical integration and 2 peer-reviewed source citations, in addition to the course textbook, in current APA format (3 sources and bible quote)…
Description Describe at least 2 ways the Affordable Care Act changed incentives for insurers and providers. Each thread must demonstrate course-related knowledge. Include at least 2 peer reviewed citations and course text book (3 sources) and biblical integration Course textbook: Lee, R. H. (2023). Economics for healthcare managers. Health Administration Press.
Description Discuss the ways in which the concept of elasticity informs strategic choices. Each thread must demonstrate course-related knowledge. Include at least 2 peer reviewed citations and course text book (3 sources) and biblical integration Course textbook: Lee, R. H. (2023). Economics for healthcare managers. Health Administration Press.
Description 1. Emily There are a multitude of healthcare administrative/management careers available within healthcare administration support and service organizations. Some of the organizations include the American Medical Association (AMA), the American Society for Healthcare Human Resources Association (ASHHRA), U.S. Bureau of Labor Statistics (BLS), Centers for Medicare and Medicaid Services (CMS), Joint Commission, Pharmaceutical Research…