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Imagine that a group of physicians who are planning to open a single-specialty group practice has hired you as a consultant. Your job is to advise the physicians in creating a business plan that includes management strategies that will help ensure their success. The physicians have stipulated that the plan must promote medical excellence and limit their exposure to risks associated with the practice of medicine and the operational functions of the practice. In addition, they are aware that a public health emergency or natural disaster could have had a significant impact on their practice, and want to include a strategy for emergency preparedness as part of their plan so that they will be able to manage their patients and help serve the community as needed.
Some of the main areas of risk exposure for a group practice include: property (general liability and safety), technology, and financial practices. Determine one (1) specific hazard associated with one (1) of these risk categories and propose a strategy to mitigate the impact this risk could have on the practice. Support your analysis with a real-life example.
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Why are some strengths and weaknesses that are not competitively relevant, deserving of attention by health care strategists? Provide one example of a strength and weakness that are not competitively relevant but deserve attention.
Consider an existing organization you are familiar with, such as an employer, or a company for which you would like to work that operates under a traditional management model. The company's new CEO is looking to grow the company into a sustainable or..
Identify a nontraditional business event, such as forecasting demand for t-shirts following the Super Bowl, or the amount of relief aid needed following an earthquake. What do you think would be the best way to forecast such an event—qualitative or q..
According to the definition of emotional intelligence adopted by the textbook authors, how many abilities are involved with emotional intelligence?
(You have just purchased an outstanding 15-year bond with a par value of $1,000 for $1,145.68. It's annual coupon payment is $75.) For the same bond from the previous example assume that this bond is callable in 7 years a a price of $1,075. What is t..
Business reports need to be organized logically (be orderly), with recommendations based on solid facts (be objective).
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Provide at least one example currently used in business for each of the matrixes and evaluate their benefits and limitations within the industry you chose.
Developing a code of ethics for your organization (a health system of 10 hospitals and 22 outpatient clinics). You will need to address your company's values, illustrate conflicts of interest, and discuss how you will implement effective training to ..
The office sees an average of 80 patients per day. The office operates for 6 hours per day and seeks to maintain 10% capacity cushion. Calculate the number of staff members and physicians needed.
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