...visit following link: http://www.activitymode.com/product/hsm-544-final-exam/ Contact us at: SUPPORT@ACTIVITYMODE.COM HSM 544 Final Exam Study Guide The final examination for this course is comprehensive, and it emphasizes key concepts from all weeks of the course. 1. Identify the major tasks of economics and discuss why they are important. What are their roles in organization management? 2. Identify and discuss the factors that influence the demand, in turn healthcare economics. What factor do you believe has the greatest impact on healthcare economics and why? 3. Discuss the role of all parties (patient, providers, and payers) to contain costs. Analyse the impact of cost-containment efforts on the rising cost of healthcare. 4. What are the primary steps in a production function analysis? How would you apply these steps in a healthcare organization? 5. Discuss the connection between redistribution and social insurance 6. How does the role of non-profit healthcare organizations differ from profit healthcare organizations? 7. Discuss the concept of managed care. Why was it created? What were its goals? Have these goals changed? Has it worked? How it can be improved? Pick one of the previous questions for your initial post; all of them will be discussed throughout the week. Wishing you all success on your final exam! Activity mode aims to provide quality study notes and tutorials to the students of HSM 544 Final Exam in order to ace their studies. HSM 544 FINAL...
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...The Impact of Obamacare on the Economy Kimberly Carter Dr. Monjica-Howell MGT 5064: Cost and Economic Analysis 23 April 2013 Abstract In 2010, there were approximately 50 million uninsured Americans. In March 2010, President Obama signed into law a piece of legislation that reformed American’s healthcare industry. The legislation is coined as “Obamacare.” Supporters argue Obamacare provides coverage for our nation’s uninsured while boosting economy. Opponents argue Obamacare will increase healthcare costs and in turn, add to the deficit. The research supports the belief that improving the health status of the American citizens does result in economic expenditures for the United States. There is a relationship between affordable healthcare and the economy. The impact Obamacare has on the economy can be viewed through a simple math equation, a return on investment analysis. The return on investment analysis revealed a positive return on investment. The results suggest American has invested wisely. Investing in the healthcare of the American citizens will improve productivity, is cost effective, and reduces healthcare care costs. The Impact of Obamacare on the Economy In 2010, there were approximately 50 million uninsured Americans. This means that 16.9% of American’s population is uninsured. The numbers are overwhelming and reveal healthcare in American is not affordable. Many argue that the cost of healthcare has doubled in recent years (Department...
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...Running head: ACCESS TO QUALITY HEALTHCARE PAPER ASSIGNMENT Access to Quality Healthcare Paper Rudolphe Lubin University of Phoenix Lori Lewellen MBAJOGZL57 April 27, 2009 Quality Healthcare Introduction It will be evident to realize that financial, educational, and socio – demographic implications can bring serious impact on access to quality healthcare in the organization. Labor shortage will stay an important component that can affect as well the access to quality care. Socio – demographic changes linked with chronic illnesses can have an effect on the aging population, which may reduce the quality of life, increase costs for healthcare and rise resource allocation. In point of fact, both labor shortage and socio – demographic changes are exactingly dominant in the admittance to quality care in the United States. Besides, the demand for registered nurses and changes in science is already exceeding supply in U.S. nation, including more implications associated with other ethical dilemmas. Healthcare Labor Shortage People have to realize that progresses in medical technology, increasing expenses and market forces provide to the financial decline of many rural healthcare organizations. In reality, small rural healthcare suppliers, particularly hospitals, cannot meet the costs of the equipment and practitioners needed to treat the range of modern syndrome and injury...
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...(Healthcare.gov). The purpose of the Patient Protection and affordale care act was Healthcare reform, yet there were other provision through into the law to get it passed. The law best known as Obama Care, is being challenged in the court system since it went into effect. In March of 2012, the constituality of the law will be agrued in front of the Supreme Court. The impact on the spheres and stakeholder is greater then what the Supreme Court will have to deciside. The Court system will be making the decision on “whether the law’s central mandate is constituional ad the justices will also determine whether the rest of the law can take effect even if that central mandate is help unconstitutional.” (Sherman, 2011) Taking a look at the impacts on the different sphere will allow us to determine the impact on the stakeholders and allows us to take a look at what the justices will be hearing. The constutionality of the law is a major factor with the Health care act. Many people feel that the government does not have the right to require everyone to have health care. They feel that the impact of doing this is not justifiable based on the different spheres. The civil sphere, which is “comprises entities and organization that develop civility and coherence through the long-term building of civilized community and socail capital, the capital of relationships.” (Waddock p. 67) The civil sphere is impact in that social capital of having everyone coveraged by health insurance is...
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...Costs Of Healthcare Christine Amargo HCA305 The U.S. Health Care System Sherry Grover June 9, 2014 Everyone wants to have access to health care and in order to access it they need insurance, but unfortunately not everyone can afford health insurance. The United States spends more money on health care than any other country, but raise the cost of health insurance to the citizens. Health care should be affordable if the government is willing to spend as much money as they are on it. Health insurance should be able to affordable to all classes lower, middle, and higher. The citizens of the United States has the right to know why their insurances cost are going up and if they are going to get more bang for their buck. The reason why healthcare cost is rising each year is because no one is managing the spending. Money is being spent between all accounts of healthcare and shared amongst each other. There needs to be a line where companies stop spending and try to manage the money they have if they don’t the cost of healthcare will just keep rising. The primary issues of healthcare cost are access to healthcare, and affordability of healthcare. The United States health care spending has been growing rapidly for many years, but many citizens are without appropriate health care. This is affecting the two governments major health insurance Medicaid and Medicare and the private insurance companies. As the health care spending rises, the citizens will be faced with difficult choices...
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...Childhood Obesity’s Impact on Healthcare The current epidemic of childhood obesity spans the globe affecting the majority of the industrialized world (Trasande & Elbel, 2012). In the United States, this epidemic will have an increased negative impact on the healthcare delivery system if not addressed at every level of the community. The importance of understanding this issue and working towards solutions will make for healthier American children and ensure decreased health problems as our children grow into adults. This type of effort will ensure a reduction in unnecessary health problems and fiscal cost for every citizen that utilizes the U.S. healthcare delivery system. Healthcare managers throughout the nation must educate themselves on this issue and be a vital part of the solution. When is a Child Considered Obese? The most accurate way to determine obesity is through the Body Mass Index (BMI) and actual measuring of the body mass composition (Centers for Disease Control and Prevention). Utilizing a height for weight and age chart doctors is capable of defining a child’s body mass index for his or her age (Centers for Disease Control and Prevention). The recommended BMI for a child’s age will determine if they are at a proper weight, overweight, or obese. Many families are unaware of this index and fail to understand where their child may be in accordance with medical guidelines. When discussing the standards for children age two to twenty, the average BMI...
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...unfortunate situation for that person. However, it has an effect on everyone across the board, not just the uninsured. Employers, hospitals, and physicians are also affected by the uninsured working class. There is an impact, on some level, to cost, quality, and access for all involved. This case study’s issue based on the topic/content area/change, working people being uninsured not only has an impact on their personal lives but also on businesses and the health care industry. Financials issues begin to arise for the uninsured person and their family, as well as, productivity decreases for businesses when their employees are out sick or working while ill. If employers offered even a small amount of health coverage, or perhaps informed staff of outside options for health coverage, they have a greater chance of ensuring the productivity of their employees, avoiding lost work days and decreasing employees’ financial issues. Stakeholder groups in this case study are Hospitals, Physicians, Employers, Patient, Third-Party Payers (Insurers) and the Government. Impact on Cost, Impact on Quality, and Impact on Access affects each of these stakeholders. The uninsured patients have increased costs; they are expected to pay out-of-pocket for healthcare. Costs for Hospitals will rise due to the uninsured increasing visits to the Emergency Room, where they cannot be turned away because they have no insurance as opposed to physicians require proof of payment/coverage in advance...
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...1. List a few major challenges you think would impact the future economic well being of the United States. Explain why these are crucial challenges and how they can be overcome. Your response must make references to short term fluctuations as well as long-term economic growth prospects. As I see it, the U.S. national debt is one thing that will have a huge impact on the future economic well being of the United States. As of July 19, 2015, the U.S. national debt equals $18,158,174,556,882.73 (U.S. National Debt Clock), which is 101.53% of the gross domestic product (Trading Economics, 2015). From an individual’s perspective this exorbitant national debt will potentially lead to higher taxes, reduced benefits (for example Social Security), and higher interest rates. The national debt has continued to increase approximately $2.05 billion dollars per day since September 2012 (Trading Economics, 2015). If the U.S. government doesn’t find a way to curb the current expansionary fiscal policy, the United States could find itself in a situation similar to Greece over the past few weeks. As a healthcare provider and someone who sees the firsthand effects of the current system on patients and healthcare organizations, I am very interest in healthcare reform and its impact on the Federal budget deficit. With healthcare expenditures in the U.S projected to reach 34% of the GDP by 2040, the case for healthcare reform is a no-brainer, and President Obama’s monetary policies sought...
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...Running head: MEASURING THE U.S. HEALTHCARE SYSTEM 1 Measuring The United States Healthcare System Luc John Arnaud HCM 550 Quality and Performance Improvement in Healthcare Colorado State University Global Campus Dr. Gloria Wilson March 27, 2016 MEASURING THE U.S. HEALTHCARE SYSTEM2 The Organization for Economic Cooperation and Development (OECD) is based in Paris, France, and it is essentially an assembly that comprises over thirty members (countries) who work with each other and who all share common commitments to democratic states and market economies. The goal of the OECD is to promote and improve economic growth, prosperity, sustainable growth, and expansion of each nation (OECD United States Mission, n.d.). The OECD “tracks and reports annually on more than 1,200 health system measures across 30 industrialized countries, ranging from population health status and nonmedical determinants of health to health care resources and utilization” (Anderson, F., Squires, D., 2010, para 1). The article titled Issues in International Health Policy clearly exposed the fact that the United States of America fundamentally lacks behind the majority of other developed nations as it’s related to the efficiency, effectiveness, and solvency of its overall healthcare system industry. The facts and data within the article come from an analysis of health data from 2006 from the OECD, ...
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...democratic candidate Barack Obama’s health care plan and its potential effects on the nation’s economy. Senator Obama proposes a universal healthcare plan which will obviously take an increase in spending to facilitate. The increase is estimated to be approximately 50 to 65 Billion annually when the program is fully phased in. The Obama plan suggests that the initial investments needed to finance and maintain this plan will easily be made by allowing the current Bush tax cuts to expire. This means a tax hike will not be necessary to finance this program. On the face of it, this sounds like a solid plan but let’s take a closer look before we make such conclusions. How will this affect the overall economy? Let’s look at some of the areas that will be affected if you implement such a plan. We have seen that funds to finance this program will come from increased taxes on taxpayers making $250,000 dollars or more annually. The question here is how will this affect the spending of this group? It is debatable whether this will negatively impact the spending of this group of taxpayers but most likely their purchasing power will not be impacted significantly. The Obama plan also says his plan will save families 2500 dollars annually in healthcare costs. If this is true, depending on how many Americans see this much savings, this could significantly impact the economy in a positive manner. If you can put that kind of money in the pockets and bank accounts...
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...several decades America has witnessed overwhelming increases in health care cost and a diminishing quality of care. The involvement of government sets the expectations of enforcing laws and regulations on how health care is delivered in the United States of America. Healthcare legislation has been defining regulatory agencies for centuries. The primary existence of these government-regulated agencies is to ensure that laws and regulations are enforced. Access to quality and affordable healthcare is protected through government regulatory agencies. In addition to the escalating cost of healthcare and increasing society’s debt both positive and negative effects has transpired. The pros and cons of improving care and reducing the cost of healthcare has been the goal of regulatory agencies from the beginning. Controlling healthcare cost and delivering quality care is made possible through health care legislation. The following will discuss governmental regulatory agencies and its effects on the healthcare industry. Government Regulatory Agencies and Their Role Federal regulatory agencies are in place to govern issues that impact the people of the United States. These agencies have been in existence for hundreds of years. Situations that impact the American society are inclusive to things that have a direct personal affect on them individually. These same issues potentially have a negative impact on organizations and businesses private or public from coast to coast. Violations...
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...The Rising Cost of U.S. HealthCare Lauren Tucker Strayer University Health Services Administration November 2015 Dr.Becky Foster Overall Impact on U.S. Economy The economy of the United States is made up by one sixth in health care dollars. In accordance with the CDC, in the year 2005, the U.S. had healthcare expenditures of 2.2 trillion dollars. At that time, the United States led all other nations in healthcare spending with an average of $6,700 per person. Now, in 2015, the total spending has reached 4 trillion dollars. These figures indicate that the U.S. is clearly leading all other nations in total healthcare spending. In accordance with the Dept. of Health and Human Services (2005), this growth in healthcare costs affects employment and inflation. This can also push the government to raise taxes, cut funds from other areas in the economy such as education or vital services (police, fire, ,etc.) and affect other human services. The high cost in healthcare...
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...Health Economic Costs of Tobacco Smoking in Canada [Name of the Writer] [Name of the Institution] Health Economic Costs of Tobacco Smoking in Canada Introduction This paper is about the use of tobacco in Canada. The paper will also identify the economic and health costs of using tobacco in Canada. There will also be a discussion of tobacco smoking prevention. The paper will follow a proper pattern. There are several concerns about tobacco smoking in Canada. The government is very concern about this issue and working really hard to get rid of this dangerous habit. The Canadian population is addict to this unhealthy habit of tobacco smoking (Albert Health Services, 2012). Discussion Tobacco smoking is really injurious to health. The smoke of tobacco contains several dangerous chemical. These chemicals are injurious to both smokers and nonsmokers. There are more than 7,000 chemicals in the tobacco smoke. Al large amount of them, around 250 chemicals, are very harmful. These harmful chemicals include carbon monoxide, hydrogen cyanide, and ammonia. The habit of tobacco smoking is very dangerous for health. It affects almost every organ and part of the body. The ultimate impact of smoking is the diminishing of overall health (Propel, 2012). Health Consequences of Smoking There are millions of Canadian who smoking has caused lots of problems. It is also the primary cause of cancer. This cancer even leads to death. It cause causes to several parts...
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...Healthcare delivery in India - effects of Public policy, IT and Insurance Bhavik Kaul 1 Gaurav Dalvi 2 Great Lakes Institute of Management, Chennai October 2012 Abstract The global healthcare industry has greatly transformed itself into a professional service system, wherein each stakeholder has to justify its performance. In the increasingly globalized market, private healthcare providers have started dominating the supply side. Healthcare sector in India needs to be reoriented globally towards excellent service promotions and healthcare be made available at lower cost. With this view we plan to study the impact of various factors on the quality of healthcare delivery in India over the next decade. This research will attempt to verify the impact of the mentioned crucial factors on the Healthcare delivery in India through an empirical research and provide some assessment of the deficit in access to health services through structured integrated way called the Gaps Model of Service Quality which will take into account significant gaps identified & suggest methods to close the gaps. These suggestions will be used to make recommendations towards a 10 year incremental National Health Plan. 1. Theory & Hypothesis The 3 areas that we intend to include into our study of the healthcare landscape are – 1) Public Policy 2) Insurance 3) Healthcare Information Technology Systems (HIT) a. Hypothesis 1: Favorable National Health policies will have a positive impact...
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...Supply Chain Efficiency in the Healthcare industry Introduction Healthcare in US is a major area with the country spending almost 16% of its GNP on healthcare costs. The healthcare industry is expected to grow and consume a greater share in the next few years. Hospitals are complex organizations providing a multitude of services to patients, physicians, and staff. These services include dietary, linen, housekeeping, physical plant engineering, pharmacy, laboratory, inpatient treatment (nursing units), surgery, radiology, administration, and others. In the national debate over how to make U.S. healthcare more efficient, one promising area for reform is often overlooked: supplies. Whether the products are knee implants, pacemakers, or expensive medications, hospitals have long purchased whatever doctors desired with little discussion among the parties involved about cost. Healthcare supply chain system is an extremely complex “adsorption model” that moves products downstream with limited visibility into product demand at the point of use. The outcome of the current model results in products that can be out-of-stock as much as 15 percent of the time. The pressures on hospital supply chains are changing too. In the past, a hospital that managed its purchasing costs well could operate efficiently. Today, the cost of materials management can exceed 35% of a hospital's operating budget, with nearly 20-25% attributable to supply costs alone. Despite the supply chain representing...
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