Health Economics Discussion – Wk 6 "Health Insurance and the Labor Market" Please respond to the following: Analyze the implications of adverse selection in insurance markets that contain information asymmetry and community ratings. Justify your response.Analyze the primary ways in which analysts may use a model of the labor market to explain wage and employment figures for healthcare workers. Propose the main ways in which health status affects workers’ compensation overall. Provide at least one (1) example the model in use to support your response. ***This is a discussion, NOT a paper. Need 2 strong paragraphs and 1 reference. No plagiarism!***

GRADING RUBRIC MUST BE FOLLOWED Conduct a candid self-assessment of your health care leadership competencies and construct an 8–12 page comprehensive individual leadership development plan that can help you take your organization into the future. Questions to Consider: What new leadership skill sets are needed within your organization due to changes in external industry trends?Have you put together a career development plan to help you take advantage of your education and a changing industry? What are some of the advantages of having a career development plan?How can you leverage things such as periodic 360-degree informal feedback, a mentor, committee participation in your local professional chapter, organizational task force or committee work, community or volunteer outreach activities, research, professional association presentations, and other items to highlight your skills and demonstrate the value you can add to an organization? This assessment has three distinct parts. Part 1: Critical Leadership Competencies for Health Care Organizations. In Part 1, based on the information from your resources, provide an overview of the leadership competencies required to lead health care organizations into the future.Part 2: Personal Leadership Gap Analysis. In Part 2, compare the competencies most needed by your organization (from your work in Assessment 1) to the skills you already possess (using the results from your STAR analysis).Part 3: Individual Leadership Development Plan (ILDP). In Part 3, use the information from your resources, your self-assessment, and your work in Assessment 1 to put together a cohesive individual leadership development plan (ILDP). Preparation Before you create and submit your assessment, complete the following: Read Health Leadership Competency Model Summary, linked in the Resources under the Required Resources heading.Consider the needs of your health care organization as identified in the Assessment 1 Organizational Scorecard. Consider how you add value to the organization by contributing to the achievement of the internal benchmarks within your department and specific to your position of employment.Conduct a candid self-assessment of your health care leadership competencies, using the Star Format Competency Table linked in the Resources under the Required Resources heading. Once you have a clear picture of your strengths and weaknesses, you will construct an individual leadership development plan to focus upon development of critical success competencies that can help you take your organization into the future. To complete the STAR Format Competency Table, follow these directions:In the left-hand column, rate your overall performance of this competency in the "ILDP =" field, using a 1 (novice) to 9 (expert) scale.In the middle columns, provide a specific behavioral example of how you have practiced each competency in a previous work, volunteer or other capacity. You will provide one sentence on the "Situation," the "Task" you were charged to perform, the "Action" you took, and the "Result" (S–T–A– R).In the far right-hand column, rate the outcome or result of the specific example by using a 1 (least desirable) to 5 (optimal outcome) scale.Search for professional, scholarly journal articles on the leadership skills and competencies needed in health care organizations today and into the future. You will need a minimum of five resources to use as support for your assessment. Directions Read the requirements for each part carefully. Part 1: Critical Leadership Competencies for Health Care Organizations Based on the resources you located, identify the top five leadership competencies needed within health care administration in order to ensure the success of health care organizations today and in the future. Explain why each competency is critical to organizational success. Part 2: Personal Leadership Gap Analysis Following completion of the STAR assessment, consider your strengths versus those areas which require additional development. Provide a gap analysis that compares industry needs (as identified in Part 1), the needs of your organization (from your organization's strategic direction), and the results of your STAR assessment. In a brief narrative, explain any discrepancies between industry needs and organizational needs. Explain how your areas of strength can offer you additional opportunities for career advancement. Part 3: Individual Leadership Development Plan (ILDP) Using the information and resources from Assessment 1 and Parts 1 and 2 from this assessment, construct a cohesive individual leadership development plan in which you complete the following: Identify at least three specific areas of weakness you need to focus on in order to meet industry and organizational needs.Explain the action steps you need to take to increase your competency in those areas. Be sure your action steps are specific, include a timeline, and align with the overall goal of meeting industry and organizational needs.Create specific performance indicators and measures for each action step to clearly illustrate how you will know that you are making progress on your plan. If it helps you organize your thoughts, you may use a table format for your ILDP. Just be sure you provide enough detail in each section, relative to the expectations laid out in the scoring guide. You are not required to use a table format; if you prefer, you may simply write this section as a narrative. Additional Requirements Structure: Include a title page, table of contents, and reference page.Length: 8–12 pages.References: Cite at least five current scholarly or professional resources.Format: Use APA style for references and citations.Font: Times New Roman font, 12 point, double-spaced for narrative portions only. Required Resources The following resources are required to complete the assessment. Click the links provided to view the following resources: STAR Competency Assessment Table. National Center for Healthcare Leadership (NCHL). (2010). Health leadership competency model summary. Retrieved from www.nchl.org/Documents/NavLink/Competency_Model-su...This provides a summary of some aspects of the NCHL competency model. Additional Resources: Organizational Leadership Diana, M. L., Walker, D. M., Mora, A. M., & Zhang, Y. (2015). Vertical integration strategies in healthcare organizations. The Journal of Health Administration Education, 32(2), 223–244. Grandy, G., & Holton, J. (2013). Leadership development needs assessment in healthcare: A collaborative approach. Leadership & Organization Development Journal, 34(5), 427–445. Sinar, E., Wellins, R. S., & Ray, R. (2014). Seeking answers on the lackluster state of leadership. Talent Development, 68(12), 36–41. Leadership Competencies National Center for Healthcare Leadership (NCHL). (2017). NCHL healthcare leadership competency model. Retrieved from http://www.nchl.org/static.asp?path=2852,3238 Personal & Individual Leadership Ledlow, G. R., & Coppola, M. N. (2014). Leadership for health professionals: Theories, skills, and applications (2nd ed.). Burlington, MA: Jones & Bartlett Learning. Available from the bookstore. Rubino, L. G., Esparza, S. J., & Chassiakos, Y. S. R. (2014). New leadership for today's health care professionals: Concepts and cases. Burlington, MA: Jones & Bartlett Learning. Available from the bookstore. Margolis, J. D. (2015). Professionalism, fiduciary duty, and health-related business leadership. JAMA: The Journal of the American Medical Association, 313(18), 1819–1820. Additional Resources for Further Exploration You may use the following optional resources to further explore topics related to competencies. Leadership Qualities MoreThanSoundnet. (Producer). (2013). Daniel Goleman: The leader's brain with Dr. Daniel Siegel | Transcript. Retrieved from www.youtube.com/watch?v=5sjNdM1lMVUMoreThanSoundnet. (Producer). (2013). Today's leadership imperative: Daniel Goleman and Howard Gardner | Transcript. Retrieved from Iqsquared. (Producer). (2013). Daniel Goleman on focus: The secret to high performance and fulfillment | Transcript. Retrieved from www.youtube.com/watch?v=HTfYv3IEOqMLeadersIn. (Producer). (2011). Daniel Goleman on the leadership lessons from Steve Jobs: Speaking to leaders in business | Transcript. Retrieved from MoreThanSoundnet. (Producer). (2013). Bill George and Daniel Goleman: Identifying authenticity during an interview | Transcript. Retrieved from IHI: Institute for Healthcare Improvement. (Producer). (2015). What Traits Do Health Care Leaders Need Today? | Transcript. Retrieved from ACHEConnect. (Producer). (2017). 2017 ACHE overview | Transcript. Retrieved from

A systems thinking approach is necessary when leading a public health initiative in a culturally and economically diverse community. On the other side, it is important to not ignore the individual aspects of health. Given the influence of political or economic systems, reflect on how focusing on broad social, political, and economic factors might blind us to the interpersonal aspects of health and the small individual impacts that can change a person's world. In a 500-word reflection, comment on how a systems-based approach helps bridge gaps in providing necessary public health services but needs to be balanced with a personal holistic approach to transform communities. View the "Start Small, Change the World: Lori DiPrete Brown at TEDxUWMadison" video on YouTube to provide additional perspective. Read Chapter 13 in For the Love of God: Principles and Practice of Compassion in Missions. URL: http://www.gcumedia.com/digital-resources/wipf-and-stock/2017/for-the-love-of-god_principles-and-practice-of-compassion-in-missions_1e.php Read "Understanding Global Health and Development Partnerships: Perspectives From African and Global Health System Professionals," by Barnes, Brown, and Harman, from Social Science and Medicine (2016). URL: https://www-sciencedirect-com.lopes.idm.oclc.org/science/article/pii/S0277953616302076?_rdoc=1&_fmt=high&_origin=gateway&_docanchor=&md5=b8429449ccfc9c30159a5f9aeaa92ffb&ccp=y Watch the "Partnership Development" video in the Participatory Community Development playlist, located in the Student Success Center. The video highlights important characteristics when building effective and sustainable relationships within a cross-cultural context and with faith-based entities, including the local church. URL: https://www.gcumedia.com/lms-resources/student-success-center/v3.1/#/media-element/CONHCP/002E95E4-E032-E811-8F95-005056A072B6 Read "Working Together For Global Health Goals: The United States Agency for International Development and Faith-Based Organizations," by Powell, from Christian Journal for Global Health (2014).   URL: http://journal.cjgh.org/index.php/cjgh/article/view/36/125 Read "Partnerships for Development: Perspectives From Global Health," by the United Nations System Task Team on the Post-2015 UN Development Agenda (2013), located on the United Nations website. URL: http://www.un.org/en/development/desa/policy/untaskteam_undf/thinkpieces/25_thinkpiece_health.pdf Read "What Makes a Global Health Partnership Succeed?" by Saldinger (2014), from the Devex website. URL: https://www.devex.com/news/what-makes-a-global-health-partnership-succeed-84858 Watch "Start Small, Change the World: Lori DiPrete Brown at TEDxUWMadison," by TEDx Talks (2014), located on the YouTube website. URL: https://www.youtube.com/watch?v=-HE9SypCzXU Read "The 7 Standards," located on the Standards of Excellence in Short-Term Mission website. URL: http://www.soe.org/explore/the-7-standards/ References American Psychological Association. Publication Manual of the American Psychological Association (7th Ed.). Washington, DC: Author.