HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
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Describe the effect of higher levels of medical spending, profitability, and fiscal margins on process quality for health care organizations. Indicate the role of financial stability in health care organizations on their ability to adequately resource the staffing, equipment, and infrastructure that support care delivery. Specifically, what is the effect of financial flexibility in increased use of preventative and wellness measures and lower length of stay?
Details:
For this assignment, you are required to interview a senior executive of a health care organization. You must ask the following questions and also come up with two additional questions of your own in preparation for the Operations Analysis Diagram assignment: HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
- 1) What type of health care organization are you affiliated with? What is your position within the health care organization?
HCA 610 Week 3 Discussion 1 the effect of higher levels of medical spending Describe your role and scope of responsibilities.
- 2) Describe the relationship between your health care organization’s vision, mission, goals, and strategic plan. HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
- 3) Tell me about a time your organization’s operational performance affected, either positively or negatively, its ability to deliver services and achieve performance goals.
- 4) Describe the process you take to deliver a particular type of service offered by your health care organization. HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
- 5) Describe one aspect of your business operations. Submit a short reflection, 200-250 words, of your interview experience along with your interview questions and responses.
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Your reflection should include the following:
- 1) Your reaction to the interviewee’s response to each question. Were you surprised? Did you agree or disagree and why? HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
- 2) Additional questions you have or information you would like to have had based upon the interviewee’s response.
Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
Post your interview questions, including the two additional you developed, responses, and reflection to your instructor for this module and to the discussion forum under the appropriate thread in Module 4
HCA 610 Week 3 Discussion 2 Latest-GCU
Discuss Pettigrew’s theory on the contextual dependency of strategic change. Explain the concept of the disciplining context and why medical professionals accepted and used it. HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending Also, explain why the internal market system, which was implemented to solve financial problems, was abandoned.
Healthcare spending and its impact on economic performance are critical factors to examine in any economy.
Improvements in health have been found in certain studies to lead to increases in Gross Domestic Product (GDP) and vice versa (1–3).
Healthcare has an important role in determining the quality of human capital. HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
Increased healthcare spending boosts human capital productivity, resulting in a positive contribution to economic growth (4, 5).
However, there is still discussion about what kind of healthcare spending and what level of investment is best for economic development (6–8).
The welfare economics theory is applicable to the current study. HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
Welfare economics is a discipline of economics that studies how the economy’s resources are distributed among social agents in order to improve economic and social welfare (9, 10).
In this paper, we examine the healthcare sector’s resource allocation in terms of spending and estimate its impact on economic wellbeing. HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
In addition, we draw on a number of similar studies to provide a solid framework for our research.
A number of research (11–16) have looked into the relationship between health and economic growth.
According to a study that looked at the impact of health on economic growth in developing nations, a fall in birth rates had a beneficial impact on economic growth (17). HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
Health spending tripled from $83 million to $286 million throughout the research period, outpacing GDP growth.
The research found that health and income were intertwined, and that difficulties with healthcare delivery had a negative influence on economic growth (18).
Arora (19) looked at the effects of health on economic growth in developed countries and discovered a strong link.
According to a research of the impact of health indicators on economic performance in rich and developing nations from 1965 to 1990, economic performance in developing countries improved significantly as public health improved (20).
According to studies, a one-year rise in life expectancy boosts economic growth by 4% each year (1, 21).
In 2001, another study concluded that, in the long run, the existence of a healthy population may be more significant than education for human capital (22). HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
Using the extended Solow growth model, the authors observed that 23 OECD health stocks affect the growth rate of per capita income in 21 African nations from 1961 to 1995 and 23 OECD countries from 1975 to 1994. (23).
Muysken (24) also looked into whether health is a determinant of economic growth, and came to the conclusion that there is an iterative relationship between the two: HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending high economic growth leads to investments in human capital and health advancement, and good population health leads to increased labor productivity and economic growth.
The Schumpeterian growth theory was used by Aghion et al. (25) to investigate the channels linked with the influence of national health on economic growth.
On the crucial elements of human capital, the theory emphasizes the relevance of maternal and child health.
High life expectancy is another factor that has been found to be important for long-term economic growth (26).
Aghion et al. (27) looked studied the relationship between health and economic growth using the endogenous growth theory, which states that a longer life expectancy boosts growth. HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
The study looked at life expectancy for people of various ages in OECD countries and found that lowering mortality rates for people under the age of 40 boosts economic growth. HCA 610 Week 3 Discussion 1: the effect of higher levels of medical spending
Aghion and colleagues (27).