(1) DISCUSSION BOARD (TOPIC: Substantial initial and responding posts) 250 WORDS Health care is undergoing significant change on a continual basis, evidenced by recent trends in the industry such as...

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(1)



DISCUSSION BOARD (TOPIC: Substantial initial and responding posts) 250 WORDS



Health care is undergoing significant change on a continual basis, evidenced by recent trends in the industry such as the Affordable Care Act, technological advances, and patient-centered care. Provide your agreement or disagreement with the following statement, and explain the rationale for your position:



“Healthcare is growing–in some ways more like a new industry than like a long-standing one” (Moore, Eyestone, & Coddington, 2014, p. 3).






(2)



Assignment Description (INDIVIDUAL PROJECT) > (TOPIC: Substantial initial and responding posts) 1500 WORDS






Assignment Description


The board of directors of your for-profit hospital has been approached by a nonprofit hospital to consider a joint venture to take over their business resulting in a larger for-profit medical center status.You have been asked to construct a financial risk analysis for this conversion.Using course materials, including your text and the Internet, and principles of financial risk analysis, evaluate the considerations that a nonprofit hospital has in considering the conversion to a for-profit hospital.


Consider the following options in support of your decision:



  • Projected profit and loss statements

  • Retention of estimates

  • Selected cost of capital

  • Other spreadsheets and calculations you feel are needed to support your decision


Consider the following topics in your discussion:



  • Key characteristics of nonprofit hospitals that differ from for-profit hospitals


    • Include the characteristics required to maintain a nonprofit status.


  • The need for shifts in corporate structure required for survival in this environment, including safety net requirements and responsibilities

  • Potential reasons driving both organizations and considerations between an outright merger verses a corporate alliance or joint venture.

  • Assessment of the payer mix, financial benchmarks of nonprofit and for-profit hospitals


    • Consider uncompensated care burdens within the for-profit model


  • Proffer a decision based on your analysis of whether the organization should convert, create a joint venture, or decline the offer with rationale and justification.


Your paper must include your financial information derived in your risk analysis as an appendix included after the Reference page.


The body of the resultant paper should be 5 pages. Applicable spreadsheets should be attached to support your decisions. The assignment should include at least 5 relevant peer-reviewed academic or professional references published within the past 5 years.


For a resource guide on using the online library to search for references, clickhere.


Answered 19 days AfterJan 26, 2021

Answer To: (1) DISCUSSION BOARD (TOPIC: Substantial initial and responding posts) 250 WORDS Health care is...

Moumita answered on Jan 29 2021
138 Votes
Running Head: HEALTHCARE         1
HEALTHCARE         2
HEALTHCARE
Table of Contents
Part 1    3
Key characteristics of nonprofits hospitals that differ from for-profit hospitals    3
Characteristics required to maintain a nonprofit status    4
Need for shifts in corporate structure    6
Considerations between an outright merger verses a corporate alliance or joint venture    7
Analysis    8
References    9
Part 1
The recent turn of events has led to signif
icant investment in the healthcare industry. The pandemic situation has shown that the healthcare industry lacks the infrastructure and advancement to control a disease or tackle a pandemic of such large magnitude. Most of the government has put a significant amount of investment into the process. The healthcare system is one of the most important sectors in which it needs to be strong. Most of the powerful countries have shown lack of infrastructure to tackle a pandemic. The rise in attention has led to big investments in recent times.
Technology, research and development and acquiring machineries have been the focused genre in the healthcare industry. Medical clinic quality may improve or deteriorate from year to year, and the degree, to which various results are identified with one another, may not be self-evident (Seidner, 2018). The huge investment made by the governments of different countries on the medical healthcare infrastructure of their county is also a stimulus for the small business enterprises as well as the MNC’s to venture into the industry. The most economically favourable condition in the industry can be speculated to be this modern-day scenario. The world is striving to reach a state of healthcare sustainability, where high scale pandemic situations can be controlled. Medicines and discoveries can be made so that such clinical conditions can be avoided in the future. International organisations have focused on the development of various healthcare genres and the dire need for investment in the industry.
Key characteristics of nonprofits hospitals that differ from for-profit hospitals
Correlations of medical clinic quality, and of supplier quality of in-house medical care and different enterprises, should address three essential issues: estimation, commotion, and inclination. The main issue includes estimation. Without proportions of execution, there is no reason for looking at the nature of care. One of the significant deterrents to investigate on supplier execution is the improvement of solid information on significant clinical cycles and wellbeing results (Topaloglu, McDonald& Hunt, 2018). For instance, a significant amount of correlations of various healthcare designs today, including for-profitand non- profit driven healthcare systems, is that numerous plans basically do not have proper infrastructure systems. Gathering information on the consideration and results of their patients, particularly for outdoor patients becomes hectic. While the issue of the structure is to some degree less serious for care to an in-housepatient, numerous medical clinics do not have basic techniques for gathering follow-up information of their patients, and healthcare plans don't have systems for following patients across clinics. For instance, a long time ago, the Health Care Financing Administration (HCFA) distributed diagnosis specific death rates for Medicare patients. Nevertheless, since these result measures were affirmation based, they could be well influenced by emergency clinic choices. Releasing or moving patients, despite the fact that such activities may have no impact or unfriendly consequences for the patient conditions had adverse effect on the death rate count.
Characteristics required to maintain a nonprofit status
Longitudinal information is used from the Medicare program connected to finish records of death dates to address the issue of gathering follow-up information on significant results for patients. Nevertheless, information impediments exist here too: Medicare gathers no solid data on the consideration or results of their quickly developing health care populace. The subsequent issue includes clamor. A huge number of patient and ecological elements dictate significant wellbeing results; contrasts in the nature of clinical consideration conveyed by medical clinics are just a single segment. In addition, a large portion of these results is generally uncommon. For...
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