Value Proposition in Patient Healthcare, business and finance assignment help

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Business Finance

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Articulate the meaning of value added service as it pertains to patient care service. Outline a system for identifying functional areas and changes. Specify 4 areas where administration can add value. Use 4 academic resources.

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AT&T *IOS 61% 3:20 PM 1892 GU HOME E WEEK 3 > WEEK 3 ASSIGNMENT 1 Yamonti Banks Email video in the student Center Gradebook Instructors, training on how to grade is within the Instructor Center eBook Assignment 1: Value Proposition in Patient Care Class Introductions Due Week 3 and worth 200 points Week 1 Week 2 Paradise Hospital, Inc. is a for-profit hospital. As the facility's new Week 3 hospital administrator, you have been tasked with improving the service value of the hospital. The administration has not done this process since the hospital began operating in the year 1995. The investors are not familiar with the value proposition strategies of hospitals in the current day America. TUTORING Week 4 LIBRARY CAREER MEDIA Note: You may create and / or make all necessary assumptions needed for the completion of this assignment. Write a four to six (4-6) page paper in which you: 1. Articulate the meaning of value-added service as it pertains to patient care services, and argue the major reasons why it matters to add value to patient services. Justify your response. 2. Outline a system for identifying the functional areas in which changes might be necessary in order to improve the hospital's service value. Recommend the key methods that you would use to acquire the information necessary to identify the specified functional areas. 3. Specify four (4) specific areas where you believe the administration can add value in Paradise Hospital, and argue the most significant reasons why such value proposition would improve the value of services to the patients. 4. Use four (4) recent (within the last five (5) years) quality academic resources in this assignment Note: Wikipedia and other websites do not qualify as quality academic resources. Your assignment must follow these formatting requirements: • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. • Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: • Propose methodologies that have been proven to increase value in health care delivery systems. • Use technology and information resources to research issues in health care management. • Write clearly and concisely about health care management using proper writing mechanics. Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric. Click here to view the gradig rubric. ? HELP V
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Running head: VALUE PROPOSITION IN PATIENT CARE

Value Proposition in Patient Care
Student’s Name
Institutional Affiliation

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VALUE PROPOSITION IN PATIENT CARE

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Articulate the meaning of value-added service as it pertains to patient care services, and
argue the major reasons why it matters to add value to patient services. Justify your
response.
The PPACA was meant to make sure that all American citizens can access quality, affordable
health-care as well as the transformation of the health care system with regard to costs. Creating the
value proposition is one part of such transformation. Value proposition involves promising the value
to deliver possible services to the patients. Merriam-Webster (2010) defines Value as “fair return or
equivalent in money, goods, and services for what is exchanged. Value, with regard to healthcare, is
measured through achieved results rather than the volume of services provided without the enhanced
quality or procedure of care utilized.
The value could be taken to be a mathematical equation whose numerator is the outcome. The
outcomes are the real quality measures. Measurement of outcomes targets the immediate results of
specific procedures/interventions but not the entire care cycle for preventive care or a medical
condition. Cost is the denominator (the entire care cycle’s total cost for the medical condition of the
patient). Best approach involves spending more money on certain services to reduce the need for
others.
Value added services are important to the healthcare system and value is supposed to be about
the patients rather than the volume of work a physician completes. Value-added services today cover
a wide scope right from the very simple like lifestyle management programs, which promote
participation in exercise protocols envisioned to assist in managing symptoms of RA, to the most
complex like hands-on, daily management of hepatitis C patients to take their prescribed antiviral
medications dose (McPherson, Fontane, & Day, 2013). Even though their working mechanisms
could be different, the promise of each projected value-added service is simple: enhance patient

VALUE PROPOSITION IN PATIENT CARE

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outcomes and, save money as a result. However, it is unclear which value-added services add value
and which happen to be simply marketing?
Many value-added services are concentrated around one of the 2-concepts: cost or convenience
(Torpie, 2014). When one has chronic patients to manage over prolonged periods, they not only want
patient-reported data that can be quite subjective but clinical data as well, which shows whether the
drug is working as expected. Health plans do not mind covering some biologic if they do what is
expected of them, but they require data to assist in making that decision. In most cases, that is what
healthcare organizations are asked to provide.”
Outline a system for identifying the functional areas in which changes might be necessary in
order to improve the hospital’s service value. Recommend the key methods that you would use
to acquire the information necessary to identify the specified functional areas.
Health care delivery includes many organizational units including hospitals, physicians'
practices, and units offering single services among others, however, none among these reflect the
limits within which value is really created. The appropriate unit to measure value should include all
services and activities, which together determine success in fulfilling a set of a patient’s needs. Such
requirements are determined by a medical problem a patient has defined as an incorporated medical
circumstances’ set, which may be addressed best in some integrated way (Coulter, Roberts, &
Dixon, 2013). A medical ailment’s definition considers the common allied conditions, for instance,
care for diabetes must incorporate caring for conditions like hypertension, renal disease, vascular
disease, and retinal disease, and that value must be measured for everything incorporated within such
care. For primary & preventive care, measuring value should be for...


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