Reflection paper, business and finance homework help

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antlner11

Business Finance

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 Reflect on this week's activity. 

·   What are some things you wrote that you believe can help your peers learn? 

·  What are some things your peer(s) wrote that sparked knowledge or, further your critical thinking or gave you another perspective on learning? Be specific – discuss which classmate(s)

·  What did you learn this week and can apply it in the workplace?

·   What would you like to improve on?

·  What actions will you take to improve it?

This posting should be substantial in length [minimum of 300 words], meet APA guidelines and graduate standards in writing.


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Week 4 Discussion for Reflection Indeed, the healthcare industry has revolutionized over the years. The result is various compliance and regulatory issues that has made healthcare managers to stay up all night (Choi, Capitan, Krause & Streeper, 2006). Here are some of the issues: Shifting from volume- to value-based reimbursement The movement from volume to value based reimbursement is quite inevitable in the healthcare industry. It is about how quick the provider is. Currently, moving too fast can result into a hospital losing revenue and implementing the wrong strategies that are not acceptable in the market. On the other hand, moving too slow, leads to lose of opportunities, time and experience. This is why the healthcare industry has figured a strategy to be in the middle; working overtime. The nurses and healthcare professionals now work overtime to provide value driven services and also to ensure that they are updated with the current technological trends and possible treatments to notorious illnesses. A study conducted in 2014, McKesson found out that most of the healthcare providers would rather adjust their working conditions and even work overtime to provide value based services that are long term. Regulatory demands The healthcare providers must follow the regulations set to ensure quality healthcare delivery most of which have been designed to improve efficiency and care (Delgado, 2011). There has been allocation of extensive money, time, and staff for the effective implementation of the objectives thereto. Currently, many people are falling sick, new diseases have emerged and continue to emerge, drugs are being developed that requires scrutiny and testing. The healthcare providers have to provide services to the in-patients including out-patients. In addition, there are situations where patients require additional attention such as the ICU patients including the cancer patients. The healthcare industry is indeed, developing and new technologies are being developed which makes the healthcare managers to stay up all night to figure out the right way to go. On the other hand, during emergencies, it is important that the healthcare managers be available to ensure that the staff provides the best attention to the clients and that everything goes as planned. Infection control, especially in light of Ebola The infection control is the role of the healthcare managers to plan, control, organize and implement. For instance, there are diseases that are airborne like the Ebola which requires extra attention and care otherwise a global disaster is the result. If the healthcare managers seize the opportunity to yield positive results in infection control, I am confident the problem will be mitigated (Delgado, 2011). Working extra hours. It is very common in the healthcare industry for managers to work in more than one facility. People want to earn an extra coin that results into them resorting to work overtime. This has resulted into managers being up all night to do night shifts at another healthcare facility. However, this can also be attributed to few professionals in the field as a result of increased healthcare problems and challenges. References Choi, Y. B., Capitan, K. E., Krause, J. S., & Streeper, M. M. (2006). Challenges associated with privacy in health care industry: implementation of HIPAA and the security rules. Journal of medical systems, 30(1), 57-64. Delgado, M. (2011, July). The evolution of health care it: Are current us privacy policies ready for the clouds?. In 2011 IEEE World Congress on Services (pp. 371-378). IEEE.
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Running Head: WEEKLY REFLECTION

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Weekly Reflection
Name
Institutional Affiliation

REFLECTION

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Looking back at this week’s activities, a number of issues have been mentioned that
could help peers learn on different issues in the field of health care and understanding how the
sector has evolved from on stage to the next towards providing better services. One of the
benefits peers can get from learning this week’s activities include the shift from volume based to
value based reimbursement. This can really help the peers get to understand how offering of ...


Anonymous
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