In the present paradigm, it has become evident that operational lead.docx

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The document discusses how healthcare leaders must understand how economics impacts the US healthcare system and how supply and demand shape the industry. It describes a scenario where a rehabilitation center manager has seen their elderly patient population decline due to people moving or dying. This has reduced the center's revenues. The manager must analyze cost and revenue data related to insurance payouts and suggest solutions to their director to address the demographic shift and maintain revenues exceeding costs.

Formation

In the present paradigm, it has become evident that operational
leaders and strategic leaders in health care must be able to
appraise how economics impacts health care in the United
States. Furthermore, it is critical successful leaders to possess
an understanding of the variables and nuances that shape how
supply and demand in this heavily regulated industry so they
may observe trends and opportunities that lead to a functional
organizational system.
Imagine that you are a manager running a unit in a
rehabilitation center. Up to this point, your primary population
of payers has been elderly patients who come into the center for
physical therapy. Recently, there has been a demographic shift
in the community. A large number of your primary population
has moved out of the area or died, which has caused a shift in
your revenues. You have been tasked by your director to
illustrate the cost and revenue numbers relative to insurance
payouts to ensure that your cost does not exceed your revenue.
Drawing on your current professional expertise and
understanding drawn from the required resources for this week,
create an initial post in which you communicate how the
potential payer mix relates economically to changing
demographics in your given community. What potential
solutions would you suggest to your director that might
overcome the demographic shift? Analyze economic theories
that are germane to your provision of services and identify one
theory that might apply to this specific situation.

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· In this assessment, you will propose an economic initiative that presents an opportunity for improved care quality. Scenario As an emerging health care leader, the senior management has requested that you independently research and explore one of the economic opportunities that may be available in your care setting. This may be offering a new service line, working to improve a service line already offered, retiring an outdated or unprofitable service line, or any other economic initiative that you believe will be of benefit to your care setting in the short and long term. One example of this is a recently launched partnership with a local bicycle sharing company. Your care setting partners with them to host healthy community events that offer free screenings for early detection of various health issues. This helps fulfill some of your care setting's preventive and healthy lifestyle initiatives, while also potentially driving referrals to other services provided by your care setting. You have been asked to submit your proposal in the form of a 2–4-page executive summary that includes your proposed economic initiative, supporting economic data, and an analysis of the proposal's benefits for your department and for the care setting overall. Directions You have been asked to ensure that your report addresses the following. Note: The bullet points below correspond to grading criteria in the scoring guide. Be sure your work is, at minimum, addressing each of the bullets below. You may also want to read the scoring guide and the Guiding Questions: Executive Brief: Proposal of New Economic Opportunity document, linked in the Resources, to better understand the performance levels that relate to each grading criterion: · Propose an economic initiative that presents an opportunity for your care setting at both the micro (departmental, neighborhood) and macro (organizational, community) levels that you believe will provide ethical and culturally equitable improvements to the quality of care. · Analyze the supply and demand for your proposed economic initiative within contexts relevant to your care setting. · Explain relevant economic and environmental data that support your proposal and analysis. · Communicate your economic proposal in a logically structured and concise manner, writing content clearly with correct use of grammar, punctuation, and spelling. · Effectively support your proposal with relevant economic data and scholarly sources, correctly formatting citations and references using current APA style. Example Assessment: You may use the assessment example, linked in the Assessment Example section of the Resources, to give you an idea of what a Proficient or higher rating on the scoring guide would look like. Additional Requirements Your assessment should meet the following requirements: · Length: 2–4 double-spaced, typed pages. Your proposal should be succinct yet substantive. · APA format: Resources and citations are formatted according to c.

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Anesthesia Business Consultants (ABC), a leading provider in billing and practice management for the anesthesia and pain management specialty, is pleased to announce that the Winter 2015 issue of its quarterly newsletter, The Communiqué, is now available. ABC offers The Communiqué electronically as well as in hard copy, both on a complimentary basis. The Communiqué features articles focusing on the latest hot topics for anesthesiologists, nurse anesthetists, pain management specialists and anesthesia practice administrators. Tony Mira, President & CEO, explains, “If you are a regular reader of the Communiqué, then the Winter 2015 issue will be of interest to you. We always strive to provide content that reflects reciprocal and often iterative learning. And we are taking it up a notch this issue with a very interesting give-and-take between experts such as Michael Hicks, MD, MBA, and Joe Laden in their article Point-Counterpoint: Do National Anesthesia Management Companies Increase Revenues for Acquired Groups? This discussion began in an electronic list serv on the website of the Medical Group Management Association-Anesthesia Administration Assembly, of which both Dr. Hicks and Mr. Laden are members. The dialogue between Dr. Hicks and Mr. Laden has ended up introducing an important topic that has not been touched on previously in the Communiqué—the inherent limitations of compensation surveys in a consolidating marketplace. The QCDR is a topic on everyone’s thoughts these days. We attempt to further clarify the topic with a timely article by Richard Dutton, MD, MBA and Matthew Popovich, PhD. Their article on the ASA-Anesthesia Quality Institute’s Quality Clinical Data Registry, QCDR Made Simple—Ha! asks and answers the questions so many of you are raising about the QCDR, and the QCDR’s designers/managers, for example, “What are my options?” and “What measures can I report on?” It is a format that should make it easier for readers to assess whether and how to participate in reporting to the QCDR, even as the registry and its requirements continue to develop.

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