Supply and demand in medical

Feb 3rd, 2012
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University of Oxford
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Business structures should realize that the success of their strategies can only be realized if all the members actively engage and perform their roles up to required set standards (Agyemang, 2006). There is increased need to make significant changes over the entire strategic period with respect proper structural and cultural change.

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Supply and Demand in MedicalCarePosted onDecember 19, 2007by EditorsThe Imperfect Competitive Medical MarketplaceBy Dr. David Edward Marcinko; MBA, CMP?By Hope Rachel Hetico; RN, MHA, CMP?http://medicalexecutivepost.com/2007/12/19/demand-and-supply-in-medical-care/The Business of Medical Practice: Transformational Health 2.0 Skills for Doctors, Third EditionHardcoverbyDavid E. Marcinko(Editor),Hope Rachel Hetico(Editor)Publisher:Springer Publishing Company; 3 edition (December 15, 2010)The issue is not how to fill or reuse empty beds. In this changing environment, hospitals and health systems must focus on streamlining and simplifying operational processes, facilitating case management, promoting the least costly setting for care delivery, and optimizing resource sharing among departments. When hospitals have addressed these issues, then solutions to the "bed problem" will be obvious.-Cynthia Hayward, 1996How and why the current healthcare imbroglio happened is very complex, but here is a brief synopsis of current supply-demand inequalities.A Definition of Medical CareMedical care is defined as the finite examination and treatment of patients, for monetary compensation. Among other reasons, changes in patient demand may occur as a result of the absence or presence of health insurance plans or the encouragement of additional treatments by profit maximizing providers.conclusionThere is no perfect test for demand inducement, but theory generates pred

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