You are the hospital administrator for a county hospital, which is funded in a large part by that county’s property taxes. You discover that you have an indigent patient who has been mistakenly admitted as an inpatient to the hospital strictly for dialysis treatment. The hospital does not, as a general practice, provide only dialysis treatment for patients. This is beyond the scope of the hospital’s mandate and is therefore, an inappropriate use of local property tax funding.
If the indigent patient is discharged from the hospital and dialysis treatment is terminated, the patient will become toxic and experience severe physical consequences, even death. However, if the patient is kept in the hospital for purposes of dialysis treatment only, the hospital must assume the burden of the patient’s debt, without revenue to cover the associated cost.
Based on your understanding of the above scenario, create a report in a Microsoft Word document that includes an analysis using the classic decision model to keep the patient in the hospital or discharge them.
Include:
An introductionDefinition of the problem.Identification of the stakeholders.Identification of alternative solutions.Evaluation of alternative solutions.Solution chosen and how to implement it with the stakeholders.Conclusion and reflection of this process.
billion. It can likewise require as long as 10 years for a medication to be endorsed for solution and regardless of whether a particular brand arrive at market, they can patent the medications during preliminary (Herper, 2017). In light of these perceptions, entering this field and industry would take a ton of time, influence, and cash, so the danger of new passage is low. 1.2. Force of Providers (HIGH) Licenses are taken out for name brand or “first out” items which makes it challenging to substitute and make a nonexclusive variant which would commonly be less expensive (Yu, 2014). The huge players in this industry make a tight and cutthroat battleground. The size of the enterprises and the low danger of section are two principal reasons that the providers have a lot of control over the business and its purchasers. 1.3. Danger of Substitutes (MEDIUM) Generics are the principal wellspring of replacement in the drug business. Generics are comparative or indistinguishable medications delivered under an alternate name, normally at a lower cost. Licenses on these medications can make it challenging to make generics however they are in such popularity, the nonexclusive organizations make substitute items whenever the situation allows (Yu, 2014). 1.4.Buyer Power (MEDIUM) Specialists, clinics, and different associations keep a kind of “governing rules” relationship with the drug business to manage and bring down costs. Patients and shoppers have practically zero say in drug valuing or deals except if it is the decision between brand name and nonexclusive. There is an expansion popular in arising economies as opposed to modern economies which is one way shoppers have power (Nead, 2018). As well as the presentation of generics and interest for them has caused cost variances inside this industry (Wright, 2016). 1.5.Threat of Competition (HIGH) There is high competition among the enormous players in the drug business which binds back to the trouble in entering the market, licenses, and generics. 1.6. Supplements (MEDIUM) The drug business is supplemented by medical coverage organizations, emergency clinics, and other medical care suppliers (Dou, 2008). 1.7. Key Achievement Variables and Vital Issue Key achievement factors for the business incorporate memorability, innovative work, adjusting and using mechanical progressions, and developing business sector size (Ellis, 2016). The key issue is adjusting to mechanical headways and the development in re-appropriating drugs because of industry remaking. There is likewise undeniable level rivalry among the central members in the business. Customized limited time methodologies and no outsider sellers are likewise a danger to this industry (Herper, 2017). 1.8.Concluding Comments on Five Powers Investigation In view of the five powers examination, the drug business’ degree of engaging quality is low for another section into the market. There are an excessive number of difficulties present in the business with expanding advancement and requests in light of the enormous pool of buyers. There are likewise a lot of substitutio>
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