Health care organizations are faced with many categories of risk that must be assessed and mitigated. Some categories of risk relate to the assurance of patient safety, physical plant integrity during various operating challenges, and business and financial risk. For this assignment, you will explore categories of risk and make recommendations regarding how to preserve patient safety and physical assets, as well as accounts receivable and related financial risks. Essentially, you will explore strategies to minimize risk and assess when and how much additional risk mitigation is needed. You may consider hedging strategies for financial risk such as the use of a captive for self-insured health plans. Or, you might explore the feasibility, for a facility located in hurricane or flood prone areas, of purchasing additional insurance or build-outs like submarine doors on the ground floor. Your deliverable for this assignment is the application of an economic evaluation to address a real-world health care issue that deals with balancing prevention and safety measures with relative costs.
To complete this assignment:
- Identify a relevant health care problem that involves weighing risk versus proactive, preventative measures.
- Propose two different alternatives with which to address the problem. Alternatives might include instituting a specific task force or quality monitoring measure, purchasing additional professional or organizational liability insurance, shifting of risk from a self-insured employer to a health insurance company, or instituting a wellness center and program for employees versus continuing status quo with chronic care costs.
- Develop qualitative and quantitative economic factors to consider in the decision-making process. You may wish to utilize a table of pro versus con positions, and explore the economic impact of each position.
- Make a recommendation as to which appears to be the more feasible solution and provide the rationale.
Requirements
The topic is Access to Healthcare and the solution is Remote Area Medical facilities
- Length of paper:3-5 double-spaced, typed pages. Your paper should be succinct yet substantive.
- APA formatting:Resources and citations are formatted according to current APA style and formatting
- Resources: Use evidence from authoritative, scholarly literature to support your recommendations.
- Turnitin: Submit your assignment through Turnitin before submitting for grading and include the matched percentage in your assignment submission. Target maximum match is 5-10 percent.