Business Health Class
1: What are the differences between for-profit and not-for-profit healthcare facilities? Which would you prefer working for and why?
2: Read the article attached in your course content titled ” How to Rebalance the Supply-Demand Scales in Healthcare” and answer the following four questions in narrative form:
1. According to the article why is demand for care increasing in the US?
2. In addition to the three primary reasons reasons outlined in your textbook on increasing demand for care what else might be contributing to the growing demand?
3. Would you utilize telemedicine for primary care appointments? Why or why not.
4. What does the article indicate are some of the challenges to increasing the number of residency positions at teaching hospitals across the country? According to the information provided in the article, what are some of the obstacles that must be overcome in order to increase the number of residency jobs available at teaching hospitals across the country?
Use each question as a subheading in bold to separate your responses. Submissions without the subheadings will not be accepted. A minimum of one full page of content is required. Weekly Assignments are due no later than Sunday 11:30p.m.
Book for class
LEE, ROBERT H. (2019) ECONOMICS FOR HEALTHCARE
MANAGERS (4th ED.) HEALTH ADMINSITRATION PRESS. ISBN: 978-1-64055-048-3
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US HEALTHCARE CLASS
Healthcare Work Force for Week Seven Discussion Fall 2022
22 unread replies.22 replies.
1: Should nurse practitioners assume more of the traditional duties previously under the exclusive purview of physicians? This is worth 6 points.
2: Discuss the different nurse career options and specify which one would be appealing to you. Include educational requirements and earning potential for each option. Post your class assignment in this drop box.
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Differences between for-profit and not-for-profit healthcare facilities
The main difference between for-profit and not-for-profit healthcare facilities lies in their mission and financial goals. For-profit healthcare facilities are businesses that aim to make a profit for their shareholders, while not-for-profit healthcare facilities are organizations that are not designed to make a profit. Not-for-profit healthcare facilities typically reinvest any surplus revenue back into the organization to improve patient care and services.
There are advantages and disadvantages to both types of healthcare facilities. For-profit healthcare facilities have the advantage of being able to access more resources, including capital and technology, due to their ability to generate profits. They are often more competitive and can invest more in research and development, leading to faster innovation and advances in medical technology. However, they may prioritize profit over patient care, leading to higher costs and less focus on community needs.
Not-for-profit healthcare facilities, on the other hand, prioritize patient care and community service over profit. They often provide care to underserved communities and offer services to those who cannot afford it. They may also be more involved in community outreach and education. However, not-for-profit healthcare facilities may face financial constraints, making it difficult to invest in new technology or expand their services.
Personally, I would prefer working for a not-for-profit healthcare facility because I believe in their mission of providing affordable and accessible healthcare to all, regardless of their ability to pay. I would find it fulfilling to work in an organization that values patient care and community service over profit.
Rebalancing the Supply-Demand Scales in Healthcare
According to the article, why is demand for care increasing in the US?
The article states that demand for healthcare services in the US is increasing due to several factors, including an aging population, the prevalence of chronic diseases, and an increase in the number of people with health insurance due to the Affordable Care Act (ACA).
In addition to the three primary reasons outlined in your textbook on increasing demand for care, what else might be contributing to the growing demand?
Apart from the three primary reasons, the article also mentions that increasing consumer demand for convenience, access, and personalized care is contributing to the growing demand for healthcare services. Patients are now looking for more convenient options such as telemedicine and retail clinics that offer extended hours and shorter wait times.
Would you utilize telemedicine for primary care appointments? Why or why not?
Yes, I would utilize telemedicine for primary care appointments because of the convenience it offers. Telemedicine can save time and travel costs, and it allows patients to consult with their healthcare provider from the comfort of their home. It can also be helpful for patients with mobility issues or those living in rural areas with limited access to healthcare services.
What does the article indicate are some of the challenges to increasing the number of residency positions at teaching hospitals across the country? According to the information provided in the article, what are some of the obstacles that must be overcome in order to increase the number of residency jobs available at teaching hospitals across the country?
The article indicates that the main challenges to increasing the number of residency positions at teaching hospitals are funding and regulatory constraints. The federal government funds most residency positions, and there is a cap on the number of positions it can fund. Additionally, there is a shortage of clinical training sites and faculty, which limits the number of residency positions available. The article suggests that increasing funding and removing regulatory constraints can help increase the number of residency jobs available at teaching hospitals across the country.
In conclusion, the US healthcare system is facing several challenges in terms of supply and demand. It is crucial for healthcare organizations and policymakers to work together to find innovative solutions to these challenges, such as increasing the use of telemedicine and expanding the number of residency positions. By addressing these issues,
