How can management theories change the way we conduct health care?

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This paper will describe how management theories can change the way we conduct business in a healthcare system.

How can management theories change the way we conduct health care?

What are the various influences on managing the roles within health care organizations?

Management theories have been used successfully throughout history for management. In healthcare, a different approach is often necessary to meet the needs of patients, families and the providers who care for them. Maslow’s theories will always have a place in healthcare to show the reactions from loss due to the ravages of illness. New theories, such as the Time Model give a broader scope of patients experience with illness.

This paper will describe how management theories can change the way we conduct business in a healthcare system.

How can management theories change the way we conduct health care?

What are the various influences on managing the roles within health care organizations?

Management theories have been used successfully throughout history for management. In healthcare, a different approach is often necessary to meet the needs of patients, families and the providers who care for them. Maslow’s theories will always have a place in healthcare to show the reactions from loss due to the ravages of illness. New theories, such as the Time Model give a broader scope of patients experience with illness.

Analyze and record the July transactions for Espresso Health Care

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Espresso Health Care Inc. is owned and operated by Dr. Merri Eversole, the sole stockholder. During July 2011, Espresso Health Care entered into the following transactions:
July 1 Received $18,000 from Bradshaw Company as rent for the use of a vacant office in Espresso Health Care’s building. Bradshaw paid the rent six months in advance.
1 Paid $4,200 for an insurance premium on a general business policy.
6 Purchased supplies of $1,800 on account.
9 Collected $17,500 for services provided to customers on account.
11 Paid creditors $3,000 on account.
18 Invested an additional $50,000 in the business in exchange for capital stock.
20 Billed patients $49,000 for services provided on account.
25 Received $12,900 for services provided to customers who paid cash.
30 Paid expenses as follows: wages, $24,000; utilities, $6,000; rent on medical equipment, $5,000; interest, $200; and miscellaneous, $2,500.
30 Paid dividends of $10,000 to stockholders (Dr. Eversole).

Instructions

Analyze and record the July transactions for Espresso Health Care Inc., using the integrated financial statement framework. Record each transaction by date and show the balance for each item after each transaction. The July 1, 2011, balances for the balance sheet are shownbelow.

Briefly summarize your views on whether the total expenditures for health care in the United States are too high

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Addressing
Overall Expenditures in the U.S. Health Care Industry

Consider whether, in your view, the
overall costs associated with health care are too high. On what grounds do you
base your conclusion?

Select one of the following submarkets of health
care:

  • Physician services
  • Nursing services
  • Medical technician services
  • Physical facilities (e.g.,
    hospitals, specialized, imaging, long-term care)
  • Medical technology
  • Pharmaceuticals

Questions
(Please use references to support information)

·
Briefly
summarize your views on whether the total expenditures for health care in the
United States are too high. Provide your rationale, including the criteria you
are using for your assessment.

·
Propose one specific approach to help contain
costs in some way. How would supply and demand be affected? Explain how this
shift could be brought about.

·
Describe the benefits of this approach. How
much do you think this approach would lower market price? Could the outcomes
differ in the short term and long term?

·
Assess potential unintended consequences of
this cost-containment effort.

·
All in all,
do you think this is a feasible approach for reducing overall costs? Why or why
not? Provide the rationale for your response.

References to support

A model of the determinants of health combines three economic variables and two economic relationships

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Use the above
information to determine the relationship between price and health status in
this model. In other words, solve for D and for P, and set up two equations:
one showing the value of D in terms of P; and one showing the value of P in
terms of D. Once you have determined the two equations, provide an
interpretation of each equation.

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Health Care Economics
Assignment 1
Assignment
Instructions
Assignment 1 should be done after you have completed Units 1, 2, 3, and 4.
This assignment is worth 25{0e601fc7fe3603dc36f9ca2f49ef4cd268b5950ef1bbcf1f795cc00e94cdd119} of your final grade. It contains 12 questions, which have been assigned various marks. Assignment 1 has a total of 100 marks.
Prepare written responses to all questions. Although your responses should be concise, ensure that you answer all portions of each question as completely as possible.
When you have completed Assignment 1, save a copy for your records, and then send it to your tutor using the assignment link.
When you receive your graded assignment, carefully review the comments your tutor or evaluator has made. This review component is an important step in your learning process. If you have any questions or concerns about the assignment evaluation, contact your tutor as soon as possible

Questions
10 marks
1.  A model of the determinants of health combines three economic variables and two economic relationships.
For instance, the three economic variables are:
the amount a patient pays for a visit to a physiotherapist (P);
the number of times the patient visits the physiotherapist (V); and
the length of time it takes the patient to recover from a rotator cuff (shoulder) injury (D) (max. ? 365 days).
The two economic relationships are:
the number of visits (V) ? 18 ? $0.09 (P).
In other words, if the price is zero, the patient will make 18 visits in order to receive treatment for this injury. If the price is $200, the patient will make zero visits.
the number of days to recover (365 ? D).
In this case, the number of healthy days (D) in the next year will be 180 ? 5V. If the number of visits is zero, the patient will have 180 healthy days and it will take 185 (365 ? 180) days to recover from the rotator cuff injury. If the number of visits is 18, the patient will have 270 [180 ? 5(18)] healthy days, and the time to recover from the injury will be…

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