Budgeting healthcare has become an important issue in today’s society. The cost of healthcare is soaring each year causing private companies‚ as well as the government funded programs more money for coverage. The purpose of this paper is to attempt to provide a blue print to understand Comparative Effectiveness Research. Although Comparative Effectiveness Research has been cited as a way to promote healthy living and possibly lower health care cost. The increasing healthcare cost in
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Health care administration is a professional challenging environment with some of the most critical issues and problems in our society. Health care administration combines my knowledge and experience in business and health care. My accomplishments are a result of my ability to assess situations‚ generate a plan of action‚ and work the plan. Following is my plan of action for my career in health care: Short-term career goals · Attain a fellowship that will provide an excellent comprehensive education/training
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Some of the key drivers affecting the U.S. healthcare delivery system are cost of care‚ increase in need for healthcare workers and the demographics and needs of the patients. An article written by Ed O’Neil states‚ “the first and most overwhelming factor will be the current cost of care. At greater than 16% of the nation’s total productive effort‚ the US approach to organizing and delivering health care services is the most expensive in the world in the aggregate and per person” (2008‚ p.1). Health
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The Importance of Cultural Awareness Preparing for a career in the healthcare field sparks a need for one to have a sense of individual responsibility to be knowledgeable of cultural awareness. Knowledge of cultural awareness leads one to have the proper tools at one’s disposal in order for one to be better prepared in the healthcare field environment; where preventing bias and stereotype errors towards patients should be considered a top priority. Obtaining the proper knowledge of cultural awareness
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Fortis Healthcare Limited: Background Fortis Healthcare Limited was incorporated in 1996. It is now the fastest growing and India ’s second largest healthcare provider. The company was founded by the visionary business leader‚ Late Dr. Parvinder Singh‚ the architect of Ranbaxy Laboratories. Fortis is a manifestation of Dr. Singh ’s ideology “to create a world-class integrated healthcare delivery system in India‚ entailing the finest medical skills combined with compassionate patient care”. The
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Background Sharp Healthcare is a prestigious non-profit integrated health care delivery system that provides acute care hospitals. Share Healthcare has three specialist hospitals and has two medical groups that are affiliated to manage healthcare plans. Sharp Healthcare has around 2‚600 physicians and other 1‚000 affiliated medical groups to provide medical services to its customers. Share Healthcare has dedicated list of medical professionals to manage the elderly care since the elderly people require
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In order to provide optimal service‚ managed care organizations utilize Capitation Payments to control healthcare costs by making the physicians responsible for services provided to patients. Meanwhile‚ a report is generated to measure level rates of resource utilization which are made available to the public. From this information‚ the quality of care can be applied to financial rewards and bonuses. To demonstrate‚ a physician is given a fixed amount of money per patient and per unit of time. This
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My choose for a targeted healthcare organization is the VA New Jersey Health Care System‚ which is a non-profit government healthcare organization that consist of two large campuses’ located in New Jersey. The campus is Lyons Medical Center located in Lyons‚ NJ and the VA Hospital located in East Orange‚ NJ. The VA New Jersey Health Care System is dedicated in providing care to veterans based on their needs ranging from outpatient to inpatient care in an array of various surgical‚ acute care‚ and
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Healthcare providers require a necessary skill working with the rapidly growing Asian American patients’ cultural competency‚ the language barriers‚ and understanding the culturally specific needs of minority clients. It has also been recommended that family involvement in the care of illness management to help lessen the disparities. The outcomes of patients’ treatment relies on different roles from family members and the sensitivities toward expectation and needs. Consequently‚ the result still
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Demographics are an important factor in determining the demand and supply of healthcare works and services that will be needed for a particular region. Certain trends in demographics have to be carefully monitored in order to forecast those changes that may be needed in certain areas based on changes. One change in demographics that can change of the types of services being offered is the age of the population surrounding any healthcare facility or a particular region. The rate at which our population
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