Learning Goal: I’m working on a health & medical question and need an explanation and answer to help me learn.
Write a 3-5 page executive report that explains how a market force affects the health care industry and describes an associated ethical challenge that could influence management practices. Recommend two strategies to prevent or address the ethical challenge and explain how the strategies maintain compliance with external regulations.
External market forces present a tremendous challenge to a health care manager. Any changes in society connected to demographics, the government, economics, politics, legislation, and even weather can affect the health care industry. This is true on global, national, state, and local levels. An effective manager must stay abreast of current issues, while simultaneously attempting to accurately forecast and prepare for future change.
In addition, there is an overwhelming array of both mandatory and non-mandatory regulatory agencies and organizations that control the health care system. The organizations can be national, state, or local, and include consumer advocacy organizations as well. They exist as external entities to protect the community and limit the power of the industry in various ways. Health care managers have a responsibility to understand, remain updated on, and assure compliance with specific guidelines and regulations in their sector of the industry to remain in compliance and uphold an outstanding reputation for themselves and their organization. Strategic planning, development, and implementation of policies and procedures, training of staff, and building a strong organizational culture support this compliance. They also present internal opportunities for effective leaders to model stewardship and fiduciary duty toward the community.
Successful health care managers model stewardship and fiduciary duty by reaching outward to serve as advocates for their organization and profession. Active participation in professional organizations is recommended as a strategy to build personal and organizational trust and integrity in the community. The concept of corporate social responsibility (CSR), based on the business management triple bottom line concept, is embraced by many health care organizations. The ethical perspectives of CSR support health care managerial efforts in the development of positive connections and partnerships in the community. This creates social value and is a demonstration of stewardship and fiduciary duty. This could translate locally, nationally, or globally, depending on the type of health care organization involved.
In addition to our evolving health care reform efforts, three major influential market forces are affecting our current health care system. On a fundamental level, the transition from a patriarchal to a managed-care system has dramatically changed the delivery of health care services. The demographic shift in our population due to the aging of the baby boomers is causing a profound change in the health care industry. Public interest in and demand for integrative medicine alternatives and options, especially in terms of surgical and injury recovery, pain management, and cancer treatment, is expanding. Ethical issues and considerations, based on these external market forces, are emerging and forcing organizations and managers to come up with new and effective strategies, policies, and procedures to successfully prevent and address them.
For this assessment, suppose you work for a health care organization whose senior leadership strives to make ethical decisions related to ever-changing external forces. As part of the management team, you have been assigned to analyze one of the market forces affecting the health care industry. You need to choose one of the following market forces:
Then you need to choose one segment of the health care system (insurance, reimbursement industry, hospitals, long-term care facilities, and so on) to use as the focus of this analysis. For example, you may decide to focus on integrative medicine in long-term care facilities.
Review the resources provided and conduct your own research on the topic you have selected. You will need to use current, relevant information and statistics from at least three authoritative resources to support your work. Be sure you also look at regulatory agencies that oversee the topic and health care system segment you selected.
Format this assessment as an executive report, following APA guidelines for citations and references. Please be sure you include a title page and a references page.
In the executive report you develop for this assessment, be sure you complete the following:
Note: The assessments in this course build upon each other, so you are strongly encouraged to complete them in sequence.
|Explain how a market force affects the health care industry.||Does not explain how a market force affects the health care industry.||Provides a list of ways a market force affects the health care industry.||Explains how a market force affects the health care industry.||Explains how a market force affects the health care industry and provides recent statistical evidence to support explanation.|
|Describe an ethical challenge related to a market force that influences organizational management practices.||Does not describe an ethical challenge related to a market force that influences organizational management practices.||Describes an ethical challenge related to a market force, but does not connect it to organizational management practices.||Describes an ethical challenge related to a market force that influences organizational management practices.||Describes an ethical challenge related to a market force that influences organizational management practices, and explains how the ethical challenge influences organizational management practices.|
|Recommend strategies to prevent or address an ethical challenge.||Does not recommend strategies to prevent or address an ethical challenge.||Identifies strategies to prevent or address an ethical challenge, but does not recommend strategies.||Recommends strategies to prevent or address an ethical challenge.||Recommends evidence-based strategies, including CSR initiatives, to prevent or address an ethical challenge.|
|Explain how strategies to prevent or address an ethical challenge maintain compliance with external regulations.||Does not explain how strategies to prevent or address an ethical challenge maintain compliance with external regulations.||Explains how strategies to prevent or address an ethical challenge maintain compliance with external regulations, but the explanation is missing key elements.||Explains how strategies to prevent or address an ethical challenge maintain compliance with external regulations.||Explains how strategies to prevent or address an ethical challenge maintain compliance with external regulations and contribute to positive organizational outcomes.|
|Correctly format citations and references using current APA style.||Does not correctly format citations and references using current APA style.||Uses current APA to format citations and references but with numerous errors.||Correctly formats citations and references using current APA style with few errors.||Correctly formats citations and references using current APA style with no errors.|
|Write content clearly and logically, with correct use of grammar, punctuation, and mechanics.||Does not write content clearly, logically, or with correct use of grammar, punctuation, and mechanics.||Writes with errors in clarity, logic, grammar, punctuation, and/or mechanics.||Writes content clearly and logically with correct use of grammar, punctuation, and mechanics.||Writes clearly and logically with correct use of spelling, grammar, punctuation, and mechanics; uses relevant evidence to support a central idea.|
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