There are many factors that affect this. Pharmaceutical knowledge, experiences, and influence by advertisements are just a few. Perhaps a group of consumers prefer Ibuprofen, regardless of its nearly identical results. This would cause a shift that will decrease the demand of of Tylenol. Expected future prices can also affect the demand curve.
There is also the option to create a Castor Enhanced Minor plan, which is a customizable version of the Castor Enhanced plan. With the percentages of medical issues that already affect the ConstructIt staff, it is beneficial to choose a plan that covers their pre-existing conditions. However, in an effort to minimize cost for the recipients and to maximize profit for Castor Collins, it is also important to scale down some of the coverage provided by the Castor Enhanced plan – leaving the best option for the ConstructIt staff as the Castor Enhanced Minor
This change has been implemented in order to better meet the organization’s goal of “one call resolution.” As is the case with many health care organizations, this change seems to only be a minor improvement in the quality of service that we provide (Tubbs, Husby & Jensen, 2009). Conversely, the addition of the SME teams several years ago seems to have reduced the number of wrong answers per million opportunities, or WAPMOs. Fewer WAPMOs means fewer member callbacks and fewer instances in which the organization must pay for non-covered services due to the initial incorrect quoting of benefits. Conclusion In conclusion, this call center has a formal organizational structure and is an open system. The organization has a strong base, but recent process improvements have had mixed results.
Therefore, employers need to establish wellness programs that promote prevention instead of merely giving insurance that covers illness and disease. Employers could offer reduced premiums for non-smokers and to those who participate in weakness education. Employers have an opportunity to educate their employees on how to be good stewards of their health care cost that they encore. The other major stakeholders within the health care system are the
The term "managed care" is used to describe a variety of techniques intended to reduce the cost of providing health benefits and improve the quality of care (Wikipedia, 2008). The many types of Managed Care Programs that are currently being used in the United States are used with the intent to reduce unnecessary health care costs by using a variety of methods, such as “…providing economic incentives for physicians and patients to select less costly forms of care programs for reviewing the medical necessity of specific services; increased beneficiary cost sharing; controls on inpatient admissions and lengths of stay; the establishment of cost-sharing incentives for outpatient
The healthy people would have to pay the burden of sick people. Patients may have to wait a long time for treatments. In conclusion, I have talked about the history of health care reform. I talked about the current legislature in Congress for health care reform. I have discussed the advantage of the consumer driven health plans.
The first source could be the data entry system the company is using. Data systems in hospitals are meant to make the organizing and calculating of information easier, however, at many times these system can have a glitch or be improperly set up to meet the company needs. The second source would be the administrators of each hospital. As history and chapter 2 explains that integrity and bonuses can play a major role in the thought process of an individual. Could administrator’s change financial and data entry to look successful or to receive more funding?
For instance, a company that deals with hospital patient care software may want to look into the financial side of health care to maximize profits. The current management may have very little knowledge of this aspect. By searching on tools such as Onet, they can build their own requirements based on what they already know and what Onet gives as qualifications. They can also compare what they had in mind for compensation to the average for this position that’s available on Onet. One has to be careful though that aspects as industry, location, size of the company might affect this aspect upwards and it has to be considered to remain competitive and be able to attract the best
CMH might well improve quality of care, decrease the cost, and get better access. From the viewpoint of those getting care at the CMH that is a pleasing result. From the viewpoint of the general hospital that depend on area of expertise care to cross support financially unbeneficial patients and services, and from the viewpoint of such patients and maybe others that the hospital serves, the same result is unwanted. Competition has a figure of special effects on hospitals, as well as the possible to get better quality and lessen the costs (Levit, 2004). Opposition will also challenge the capability of hospitals to connect in cross-point, again within the community and cites throughout the U.S. is the key to health care delivery system.
Economic Issues Simulation Paper The economic issues simulation refers to the use of managed care firms that wish to supply health insurance to companies and individuals. The managed care firms incur costs in providing health care services to enrollees, but earn profits or revenue from providing health insurance. In this paper we will discuss the economic issues simulation which focuses on the planning and decisions made by a health maintenance organization (HMO). HMOs can choose to provide or deny coverage to companies and individuals in order to maximize revenues and reduce risks to the organization (University of Phoenix, 2004). About the Company Castor Collins Health Plans (CCHP) is a regional HMO that was founded