Riordan Manufacturing produces lifesaving medical equipment that is used to treat those with heart disease. A the world’s population continues to increase, the need for more of these life-saving devices has the potential to only improve the financial health of Riordan Manufacturing. The steady increase of the cost of fuel also has the potential to affect the cost of shipping for Riordan Manufacturing. Also, because most of Riordan Manufacturing is located in the United States, the strength of the dollar compared to other currency has the potential to affect financial decision made by Riordan Manufacturing. Conclusion References Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. ( 2010).
(Sultz & Young pg. 228). All of these factors have contributed to the increased costs of the health care system put on the public and has also influenced some of the barriers that have led to the access of healthcare I spoke about above. The AMA (American Medical Association) also attributes the high cost of health care from the rising toll of preventable illness & inefficiencies in the health care system. They have identified four strategies to contain health care cost, they consist of reduce the burden of preventable disease, make health care delivery more efficient, reduce nonclinical health system costs that do not contribute to patient care and promote value-based decision making at all levels.(http://www.ama-assn.org).
This will generate profits due to its cost effective nature.This will also ensures that the public health care organization grows by showing its viability. | How do the philosophy and culture of the risk-management and quality-management policies influences organizational performance? | It ensures that the patients and employees are always safe.It also helps in money saving thereby ensuring that there are no job cuts.It enhances the overall reputation of the company and also Insurance cost are kept at aMinimal. | It enables organization to manage its resources. Initiates any changes that will translate into positive patient outcomes.
Healthcare Reform: Cost, Quality and Access Healthcare reforms are polices set by the government that describes future ideas and changes based on economic and social advances to create an improved healthcare system that benefits the society as a whole. The topics of cost, quality, and access have become a concern to many as the issues continue to grow. In the United States these issues are the top priorities that have been discussed for decades to enhance the system already in place. The central idea of the first article focused on universal access of primary care. It states that because the costs of healthcare continue to increase so does the number of uninsured which in return increases the costs even more.
Healthcare is an industry that has several trials to overcome, the increase in lifespan will encourage healthcare products and services such as continuous healthcare, domestic health services is definitely the most cost-effective means for communicating for both the provider and the patient. Because of this communication medium, healthcare practitioners without access will need to telecommunication, World Wide Web and Internet marketing will be important to them for increase healthcare promotional activities for the sake of advertising and consequently, more profit. The reason why this medium is efficient for communication between patients and medical
The performance of a portal concentrate on administrative data exchange like appointment request or reminders provides an increase in office productivity and staff workflow. Technology has come a long way especially in the health care field. Utilizing electronic health record patient portals has a genuine influence on reducing the cost of health care while allowing patients to become more involved in their overall health. (physiciansehr.org) EHR
The growth of managed care and payment mechanisms employed by insurers and other payers in an attempt to control the rate of health care spending has also had a major impact on health care utilization. Efforts by employers to increase managed care enrollment, as well as major Medicare and Medicaid cost containment efforts such as the Prospective Payment System for hospitals and the Resource Based Relative Value Scale for physician payment, created incentives to shift sites where services are provided. Clinical documentation in the health record is critical to the patient, the physician, and the healthcare organization. Hospitals, in particular, have become more dependent on physician (provider) documentation in order to comply with the Centers for Medicare and Medicaid Services (CMS) regulations regarding quality and reimbursement. Place of service affects your reimbursement: Facility, non-facility designations make a difference In 2008, the Office of Inspector General (OIG) for the department of Health and Human Services intends to focus on Place of Service errors for services submitted by physicians.
Healthcare Regulatory Agencies and their Effect on Rising Medical Costs Regulatory agencies can be viewed as a hindrance, these agencies such as the Food and Drug Administration (FDA), Joint Commission of Accreditation of Hospitals (JOINT), and the Occupational Safety and Healthcare Administration (OSHA) are responsible for much of the increase in costs that have taken place in providing effective and safe healthcare in the past decade. There have been arguments ever since the inception of the first regulatory agency as to whether or not these were, or would be advantageous to healthcare practitioners and healthcare institutions. Although their focus is on the patient, these agencies state that they exist for the healthcare provider’s protection. There is solid evidence demonstrating the rise in costs due to these regulations. Regulations can be as complex as safety devices for injections and as simple as requiring hair covering for healthcare workers.
Clorox also has a large marketing budget, an experienced research and development team and most importantly, brand recognition. Clorox can use their large market share to attract customers to new or improved products. Also brand recognition will be very important in the sale of the faucet filtration systems. They claim to have the best tasting water and according to their research, customers are more concerned about taste than removing contaminants. Even though the Brita products are a bit more expensive, people are willing to pay at that price for greater tasted water.
How might advances in technology and medicine enable consumers to make healthy or unhealthy choices? Provide examples. HCS/490 June 2, 2015 Conversation Starter Technology is a great tool that has become an integrated part of our lives making them more convenient, efficient, and productive. Health care, like many other industries, has undergone an explosion of innovative concepts and applications that make our lives in many ways, more efficient and convenient, and in some cases, helping us to make better, informed decisions. Some examples of technological revolutionary applications in healthcare that allow us to make better decisions, are the use of computers and other electronic devices.