The Joint Commission (2012) defines risk management in healthcare as “the clinical and administrative acts undertaken to identify and evaluate the risk of injury to staff, patients and visitors and the risk to loss of the organization itself”. Studies have shown that the litigation against nursing homes is on the rise; thus making risk management very important in day to day care. Malpractice insurance premiums for nursing homes are also on the rise; this contributes to bankruptcy and forces many facilities to operate without malpractice coverage (Weinburg M.D & Levine, 2008). This threatens quality of care and access to healthcare for ill elderly people that need round the clock care. Effective risk management in a nursing home requires one to accurately
This is relatively due to the utilization of unprocessed or whole medications such as herbs in curing a patient. Naturopathy is labeled as pseudoscience lacking scientific basis in justifying its modalities. Critics said that they are not subjected in detailed and vigorous health assessments. According to Stephen Barett: Naturopaths assert that their "natural" methods, when properly used, rarely have adverse effects because they do not interfere with the individual's inherent healing abilities. This claim is nonsense.
Because of tough competition, hospitals are investing heavily in new technologies to attract new patients. Reduced Medicare reimbursements and expenditures on the new techmologies significantly affect hospitals bottom line. It is imperative to understand the financial structure and financial management strategies to ensure fullest utilization of the available financial resources. Both Investors-owned and not-for-profit hospitals have several common elements of organizational structure, but vary significantly on financial structures. Government health care organizations such as Centers for Disease Control and Prevention (CDC) have unique financial structure and financial management strategies to comply with the organizational objectives.
There have been many management practices and breakthrough ideas that have worked successfully for other industries. Healthcare is unique from other industries because it directly impacts human health and lives. Three management practices that have been used in other industries that could possibly be used in healthcare are total quality management, business process reengineering, and outsourcing. Total quality management originated in Japan in the 1950’s. After World War II, the war effort had led to large scale manufacturing efforts that often produced poor quality.
Running head: Ethical Issues in the Pharmaceuticals Industry Ethical Issues in the Pharmaceuticals Industry University of Phoenix Ethics in Management October 13, 2008 American and European drug companies are the source of most of the modern medicines that have revolutionized healthcare in the last 20 years. Ethically, the development of new medications to safeguard health and mitigate human suffering should be fairly simple. In reality, however, there is much ethical ambiguity in the development, testing and marketing of these medications. The need to lessen human suffering often runs afoul of competing interests: research and development costs, the companies’ profit motive and responsibility to shareholders, and the necessity for trials and testing prior to marketing the drugs, and then the marketing strategies themselves. The ethical standards of Goal-based, Human Nature, Rights-based, Duty-based, and Human Nature Ethics, provide a good framework for an analysis of these ethical challenges, and also point to possible solutions.
On an international foundation, the development of health care policy is aggressively being influenced by cost considerations. Managed Care is a system that incorporates the financing and delivery of appropriate health care using a wide-ranging set of services. Managed Care for a variety of payers was once seen as an effective approach to backing up health care quality while keeping under proper control costs. The power of nations and communities to pay for this care from available resources is a major of debate. During the past decade, the attractiveness of this access to many employers has faded and prospects for limiting health care costs have been baffled.
There are a lot of pros and cons of pay-for-performance in health care (see appendix for charts.) the chart will show what people think about pay-for-performance and the good they think it does for the health care system but it also shows the cons what people think is wrong with the pay-for-performance program. However, many are not satisfied by pay-for-performance including congress who are not on board with the Medicare reimbursement because the policy relies on the evidence-based medicine it is used to developed a “clinical practice guidelines and compensate health care providers according to their compliance with the best practices dictated by a
History of U.S. Health Systems The need to supply quality health care for all U.S citizens has been a major concern for the people as well as the government from early on in our nation’s history. The ever increasing costs of health care led to many attempts to institute national health systems, but these attempts were defeated and the development of private health insurance was instituted. Although this has brought health care coverage to many citizens it has left many people without coverage, and has not affected the cost of health care as hoped. More attempts to institute a national health system have been attempted and met with defeat, but according to (Quadagno, 2004) "legislation was successfully passed in 1965 to provide governmental financing for health care services for the elderly and the indigent” this was the introduction of the government programs Medicare and Medicaid. Even with these government programs in place the cost of health care still rose at an astounding rate and other attempts to control costs were implemented.
Compared with other developed nations, America lags behind in the provision of quality and affordable healthcare to its citizens. This research paper will discuss some of the challenges facing the industry and solutions that can be applied to rectify them. Rising costs of medical care Healthcare is the leading socio-economic challenge affecting Americans. The ever increasing cost of medical care and insurance in affecting the American way of life in many aspects. Having problems paying for primary healthcare is no longer the preserve of the poor or the unemployed, but is affecting even those with medical insurance (Shea, 2005).
Title: Reducing the numbers of medication errors by the nurses in health care system. Administration of medication is a key element of nursing care. Medications are an amazing discovery. They promote healing, reduce suffering and contribute to modern medical miracles. However, because thousands of new drugs have been developed recently, because the health care environment is increasingly complex, and because the patients are older and often sicker, there is increasing risk for medication errors in hospitals.