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These facilities comprise acute-care hospitals and various facilities for health care. Research done at Banner has been recognized internationally, and the company offers physician care, hospice, hospital, and home care. Seven states are serviced by Banner: California, Arizona, Wyoming, Alaska, Colorado, Nevada, and Nebraska (Banner, 2012). The company is based out of Phoenix, Arizona and provides high levels of benefits to the communities it serves. That is why Banner is a success when other systems sometimes fail. Charity care done by Banner each year exceeds $110 million, while indigent care (Medicaid and other public programs) exceeds $176 million (Banner, 2012). When one adds in the unpaid costs that come with Medicare, the total community benefit of Banner is $381 million per year (Banner, 2012).
Naturally, that level of care is highly significant and can make a huge difference in a community where there are many indigent people who cannot afford medical care. Because Banner is large enough and strong enough to absorb those costs, it is much more likely to be successful. Of course, there is more to the issue than just the cost of care (Harrison, 2010)....
Joint venturing and physician practice issues are part of the strategy that is seen with modern health care. When accountable care organizations are able to partner with others in the community and focus on long-term planning, those organizations can do more for themselves and for the community at large. Companies like Banner are changing the face of health care, and they have a great deal to offer to the communities they serve. That is good news for the community and for the company, because they can work together to ensure that every patient gets the best care and the company continues to operate in the community.
References
Banner health at a glance. (2012). Banner Health. Retrieved from http://www.bannerhealth.com/About+Us/Banner+at+a+Glance/_At+a+Glance.htm
Gold, J. (2011). Accountable care organizations, explained. Kaiser Health News, NPR.
Harrison, J.P. (2010). Essentials of strategic planning in healthcare. Chapters 9, 10, & 11. Chicago: Health Administration Press.
McClellan, M., et al. (2010). A national strategy to put accountable care into practice. Health Affairs, 29(5): 982-990.
The short-term financial implications for Beth Israel are initially, of course, that more patients will have Medicare coverage for the use stenting during carotid-cleaning surgery. There are other positive implications, too for the hospital over the long-term. In terms of staffing, as skill is less of a premium in stenting than previously thought, more physicians, and younger, training physicians can perform the procedure. This will free up the schedules of
Strategic Management Health Care First student: The text notes that there are several elements to action plans. First, the management needs to set objectives for action plans, the resources required to make the plans work, a plan for measuring results, what actions are going to be taken (Swayne, Duncan and Ginter, 2008). Right now, Steve Morgan needs to set some objectives. That is the most important thing. He has an idea about
Healthcare Landscape It has been highly publicized that the healthcare industry in general is quickly evolving on many different levels that include technological progress, administrative efficiencies, as well as the regulatory and political environment. One of the considerations that should be on the forefront of a series of reforms should be how to create value and improve quality in what could be considered an incredibly dynamic healthcare industry. Many of the
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The managers in healthcare organization need to come up with strategies to make a balance between the quality and quantity of healthcare provided to clients in order to increase their throughput. This includes making the admission and discharge process as smooth as possible for clients as well as ensuring that clients have access to the best quality of healthcare. References http://www.marketingpower.com/AboutAMA/Pages/AMA%20Publications/AMA%20Magazines/Marketing%20Health%20Services/MarketingHealthServices.aspxAmerican Marketing Association. (2012). Marketing Health Services Retrieved September 7th, 2012,
What this means is that the lifetime limits on most benefits are barred for all latest health insurance plans. Another interesting thing is the reviews premium increase (Wakefield, 2010). This is saying that insurance companies must now openly defend any type of unreasonable rate hikes. The last thing is that it helps a person get the most from all of their premium dollars. In other words, a person's premium