Policy Research and Organizational Analysis Report
University of Colorado Hospital
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Southern New Hampshire University
June 4, 2017
University of Colorado Hospital
Policy Research and Organizational Analysis Report
The aim of this research is in University of Colorado Hospital as an innovation center, where quality care is given to the patients of all walk of ages. According to analysis we are going to tackle or look at the financial and economic policies ,how the hospital allocate it’s resources whereby will carry analysis of the market price which will reflect on the economic values of the used resources which the hospital has been using in patient care.
– Economic Theories and Principles
The microeconomic principles
Management is the primary microeconomic principle. Management engages in making plans, staffing, organizing, coordinating and directing capabilities. These functions have to be dealt with cautiously to lessen expenses and decorate efficiency. Customers /sufferers are important to a clinic; those establishments exist to serve those people. The choice of Health Care Corporation usually determines eventual revenues and costs with private entities charging better expenses. Employees are every other microeconomic thing; they allow those centers to function and consist of physicians, nurses and other aid body of workers. A poorly staffed facility is probably overwhelmed by means of the quantity of patients compromising patient care.
Distribution channels/suppliers are also underneath this criterion. For facilities to feature seamlessly then inbound logistics is a vital feature. If these institutions are not able to obtain remedy or health care device then it is able to cause loss of life of the patient. Investors fund health care centers therefore represent micro environmental factors; they make certain better affected person care is supplied by means of financing health care facilities. Product/provider is some other microenvironment detail; in health care, provision of better offerings and patient care is the ultimate purpose. Poor service transport can affect general health of the citizens in Colorado university hospital.
Legal concepts have an awesome impact on health care. A brilliant instance is Obama care legislation whose foremost emphasis becomes improving affected person care through encouraging American residents to take in coverage schemes. Insurance schemes in maximum times have eased the get right of entry to healthcare for most people. Political factors in particular recognition on the stability of a nation as well as how federal management impacts this region. Developing nations are more vulnerable to this precept because they may be confronted by elements together with violence or ethnic wars which affect aspects of healthcare such as the delivery of medical resources.
Demographic ideas give attention to populace and its dynamics; nations like the China or India have very high populations which might also compromise patient care due to inadequate fitness care providers. Other elements within demographic principle like age dynamics are impactful as well. For example, Japanese health providers are continuously put below pressure because of the nation’s getting old population
Social-cultural standards are several and encompass; schooling, income/career, religion and geographic vicinity. Individuals with low earnings degrees are much less likely to afford sure health care privileges because of high value until they may be on insurance programs. Technological ideas constitute the final place; it is a dynamic region that affects affected person care. For instance, imposing database management systems will improve patient confidentiality as well as expediting the manner of registering patients.
The second part will discuss on the home based care services
The control of this centers help in making plans affected person care and the way the practitioners can provide higher care at homes. They typically lease qualified and ready medics who’ve experienced within the discipline to make certain their patients get the great care. Since their sufferers are attended to at their area of house, scientific elements ought to be in accessible as well as a green logistics application to satisfy location utility. Most of these facilities are normally privately funded hence commitment by means of traders could be very critical. Investors are a part of the microeconomic surroundings and playing a massive role in funding of home care entities.
Like all clinical facilities, legal ideas affect them, as an example, to maximize revenues, avoid default however on the equal time ensure the legal guidelines are observed to the latter, those institutions have strategies to address sufferers funded by way of third events consisting of insurance entities. Managing of revenues has end up very difficult with the advent of coverage applications. If directors don’t create a comprehensive plan to ensure patients supported by third party insurance coverage, corporations ultimately pay their payments then the employers might also run into bankruptcy.
In demographic phrases, home care centers are established for this reason doesn’t reach targeted group within a company. However, programs are designed basing according to the patient care. For example the elderly will require more attention. Many institutions practice personal care as a result they target patients with moderate to high income profits, tiers this will help in reducing on the hospital bills. Private care tend to be very expensive and costly; if selection makers are to goal low income earners then the ones considered must have coverage regulations to reduce instances of unpaid payments. Home care based patients normally require special care; this necessitates the intervention of superior generation for example the use of chemotherapy equipment’s. The functions of this equipment have helped into play several dynamics, they encompass; high initial expenses and high administrative costs. High administrative prices are because of enlisting offerings of the high-quality workforce. To make certain revenues exceed fees then the directors need to set their expenses excessive. Higher sanatorium charges are synonymous with excessive income degrees.
In term of economic disparities, it can be seen in the case of education which has been linked to health inequality and policies which have been used in early childhood education in health education. This strategy has helped in generating income which has been used in purchasing heath care and distributing incomes within countries leading to high mortality rate. The disparities in health sector have contributed to an increase in insurance policy in the private sector. The health care department should come up will a solution in eradicating disparities which will change on the economy and decreasing the burden on health related issues. This will create opportunities in the improvement of health through expansion of health care coverage and in supporting health care forms in healthcare delivery.
Economic Theories and Principles
Economic theories are an important aspect in understanding how resources have been used in the care of the patient within the hospital. This will help the hospital in determining the market price which will reflect on the economic value of the resources used. Economic principles can be in the analysis of health and healthcare issues, observing the economic resources by putting a limit on the quantity to be used. These principles will enable the health care organization in documenting on their strategic plans and how they will be progressing regarding the current issues they are facing with and creating a solution which they can implement in the near future. For long term planning they can decide on increasing on professional skills whereby the resident physicians will be able to keep up to date through conducting training and ensuring they recruit staff who are highly trained professionally, introducing rewarding programs and promotions for those staff who have performed well.
For-Profit and Non–profit
Financial differentiation for profit health care organization can be seen in their structure of governance and how they contribute towards the public. These organizations in most cases they come up with a strategy on how they can retain their patients from being lured away by their competitors this will make their cost of services to rise on the other hand the insurance will be holding the line on the reimbursement. The patients will be taxed in different ways depending on the services being provided within the health care facility. While the taxes of the non-profit health organization are being paid by donors so the patient are not taxed in any foam. For non-profit organization the patient receives cheap and quality services and the patient will be charged a moderate fee for the services received, buy doing this the organization can remain in the market for a long period of time.
The university of Colorado university hospital conducts it work mainly on the interest of the patient and the community rather than profit making, whereby they do not discriminate anybody in terms of color, race, age, and/or sexual orientation. The hospital provides free medical services to the patient with disability. For profits and non-profit hospitals have the same mission which are designed in fostering and supporting the value based on the care regarding the tax status. For the case of profits hospitals they are paying for property and income taxes while in non-profit hospital they normally do not pay tax. According to the health economic principles, which are used in the analysis of health and healthcare services and in decision making of individuals, health providers and the government in relation to healthcare? Health economics has helped in the analysis methods which are applied in the good services that result from the economy.
Finance and Market Demand
The health care organization has come up with a way in improving and providing high quality care which will not put their client in debt and leaving customers satisfied. The organization has to come up with a long term business’ ways so that whenever they are handling their patients or clients. To generate their finances they work as a team by building relationship with co –workers, customers, and stakeholders together with the community, this will help them to build a firm foundation and setting corporate strategies in tackling business challenges.
Market behavior impact has an effect on the financial statements of health care organization some time the business can experience higher sales in certain season making it significant gain during the peak seasons and they can as well incur losses during off peak seasons.
How to determine the impact of economic legislative changes in healthcare policy?
Patient should be aware on the informed about healthcare choices; this will help in focusing on patient, disease prevention, and in the management of chronic diseases. The current healthcare market has allowed patients in taking charge of their own healthcare in a modern way.
The relationship between healthcare and economic policy changes
The health care and economic policy changes are interlinked whereby the rich countries have healthy population. The income of the nation has a direct impact on the development of healthcare systems through insurance coverage. The countries which have weak health care system and lack of education they are facing with difficulty in sustaining the economic growth.
How do healthcare utilize economic and financial theories guides in strategic planning.
The nature of healthcare competition can be based on the new technologies and innovation which has helped to reduce on the cost of healthcare costs, when using market principles in allocating resources. The health care provides financial and insurance, and health care plans whereby those people who are purchasing insurance plan they should have the knowledge concerning various prices and they should be able to make informed choices when they are deciding on what care plan they would like to buy.
Economic and Legislative Changes
Ethical laws which are enforced by the Supreme Court, the legislature executes orders which governs the health organization, these laws are there to deal with morality practices. Some laws protect the healthcare, patient and also the insurance companies against potential risks which may be incurred in the healthcare or health expense of other people.
Policy Changes and Impact
This can be seen on economic legislative changes whereby there is cost shifting in the policy implications. Hospitals tend to have different prices for different payers in response to cost shift. The cost shifting normally has an effect on market because rising prices above the cost will limit some patient from accessing the services they may be in need of, so the healthcare provider will have to put price consideration in some services which are being offered. The price reduction in Medicaid and Medicare and uncompensated care burden are partially absorbed by the high prices which are being paid by the private payers.
In term of statement impact, itwill enable the health care organization to determine the incentives which are being used in Medicare and Medicaid in limiting the cost and taking the responsibility in the management of quality of care that a patient gets. This can be seen in Medicare cost sharing rules, shifting the cost with home care as well as the nursing homes.
Legislature can change the cause of disparities in health care organizations when the court put heavy charges on the offenders people will be more careful on the way they handle and do things.
In conclusion, this planning will be recommended because it enables one in identifying the mission in educating and learning the community and also applying knowledge on how to improve health and well-being of Colorado and other health care organizations. In order for the healthcare organization to achieve, to offer quality and safe health care services, they will need to implement programs that will promote the safety on the use of equipment’s, which will help in minimizing cross infections in the hospital. To make this plan successful, the medical staff will be required to undergo training so that they can well conversant with the advancing technology.
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