Case Study: Business Feels the Consequences of the Uninsured Problem
CASE STUDY: BUSINESS FEELS THE CONSEQUENCES OF THE UNINSURED PROBLEM
Vanessa Flores
November 5, 2012
Ashford University
Describe the issue based on the topic/content area/change in your own words (2-3 sentences) (the uninsured issue is the case study in this chapter):
Uninsured employees choose to stay sick or self-medicate instead of going to see a doctor. This affects the stakeholders because it leads to lower employee morale and productivity due to their health issues that are not being addressed. Lower productivity leads to a lower profit margin and fiscal losses in the end. From the table on page 274 of the text, explain what is the healthcare industry perspective on this issue over the next 3 years? Look at the topic, individually, from a cost, quality, and access point of view and then summarize the overall industry perspective in four to five sentences below.
COST: Overall cost will increase and overhead will increase.
QUALITY: Quality will decrease.
ACCESS: Access will decrease.
Overall industry perspective (integrate cost, quality, and access perspectives):
Overall the industry will suffer losses in the coming 3 years. Cost will increase and make running the healthcare industry more expensive. Quality of care will decrease leading to customer dissatisfaction and profit losses. Access to healthcare will also decrease, which will make it more difficult for patients to receive healthcare.
There is a huge issue in American society today regarding uninsured Americans. It is especially difficult for people who are working a full time job and are still not offered insurance by their companies, or simply cannot afford the insurance that is offered. From the stakeholder’s perspective, this issue weighs greatly on the organization’s productivity and revenue. Stakeholders must take cost, quality, and access into consideration when they review this issue.
The cost of running an organization is impacted greatly when uninsured employees become
Vanessa Flores
November 5, 2012
Ashford University
Describe the issue based on the topic/content area/change in your own words (2-3 sentences) (the uninsured issue is the case study in this chapter):
Uninsured employees choose to stay sick or self-medicate instead of going to see a doctor. This affects the stakeholders because it leads to lower employee morale and productivity due to their health issues that are not being addressed. Lower productivity leads to a lower profit margin and fiscal losses in the end. From the table on page 274 of the text, explain what is the healthcare industry perspective on this issue over the next 3 years? Look at the topic, individually, from a cost, quality, and access point of view and then summarize the overall industry perspective in four to five sentences below.
COST: Overall cost will increase and overhead will increase.
QUALITY: Quality will decrease.
ACCESS: Access will decrease.
Overall industry perspective (integrate cost, quality, and access perspectives):
Overall the industry will suffer losses in the coming 3 years. Cost will increase and make running the healthcare industry more expensive. Quality of care will decrease leading to customer dissatisfaction and profit losses. Access to healthcare will also decrease, which will make it more difficult for patients to receive healthcare.
There is a huge issue in American society today regarding uninsured Americans. It is especially difficult for people who are working a full time job and are still not offered insurance by their companies, or simply cannot afford the insurance that is offered. From the stakeholder’s perspective, this issue weighs greatly on the organization’s productivity and revenue. Stakeholders must take cost, quality, and access into consideration when they review this issue.
The cost of running an organization is impacted greatly when uninsured employees become
References: 1. Agrawa, S. and Witters, D. October 17, 2011. Unhealthy U.S. Workers’ Absenteeism Costs $153 Billion. Retrieved November 4, 2012. http://www.gallup.com/poll/150026/unhealthy-workers-absenteeism-costs-153-billion.aspx 2. Carpenter, G. and Wyman, O. October 2008. The Total Financial Impact of Employee Absences – Survey Highlights. Retrieved November 5, 2012. www.kronos.com/absenceanonymous/media/mercer-survey-highlights.pdf 3. Kane, RL., Shamlyian, T., Mueller, C., Duvall, S., & Wilt, TJ. (March 2007). Nurse staffing and quality of patient care. Evidence Report/ Technology Assessment (151). 1-115. 4. Will, J. (2010). Diagnosing American Health Care: Economic Stakeholders and Bioethical Considerations. Mississippi College of Law Review. (Vol. 313). 5. Shen, Y., & Eggleston, K. (2009). The effect of soft budget constraints on access and quality in hospital care. International Journal of Health Care Finance and Economics, 9(2), 211-32. doi: http://dx.doi.org/10.1007/s10754-009-9066-2