week 3 401 discussion

Description

Discussion: Unit 3, Due Wednesday by 11:59 pm CT

Unit Topic Discussion

Estimated time to complete: 2 hours

Please complete the following steps for your discussion post and response.

Select one of the topics covered in Unit 3. Respond to the following in your primary post:

Why did you choose this topic?

Why is it important for you to be informed about this topic?

Provide one example of how you will engage the topic in your profession (example: conversations with patients, interactions with physicians, processing insurance claims, etc.)

In approximately 250 words, summarize the topic for your classmates.

Provide five bullet points to solidify key points or takeaways.

You must include a minimum of two scholarly sources.

Please be sure to validate your opinions and ideas with citations and references in APA format.

  • Please review post and response expectations. Please review the rubric to ensure that your response meets criteria.
  • Cite any resources/references in APA formatting that were used in the discussion – if applicable.
  • Peer Responses: Unit 3, Due Sunday by 11:59 pm CT
  • Unit Topic Discussion
  • Estimated time to complete: 1 hour
  • Please post 2 peer responses.

In the response posts, include the following:

In approximately 150 words, evaluate your classmate? topic summary.

Incorporate in-text citations to support your evaluation

Visit your classmate? scholarly sources. Provide one additional bullet point as a key point/takeaway that your classmate did not already address, or provide deeper context to the point.

Jordan Perry

The topic that I chose to discuss for this week is topic number 3- Competition in healthcare. I chose this topic because competition in healthcare is a current issue in the medical community and it? an issue that has positive and negative consequences. Competition in healthcare, in my opinion, is mostly a good thing for the medical field. Should healthcare be mostly focused on money and their competition? No. However, does competition lead to better quality treatments and procedures for patients? Yes. Competition may be motivated by money and the desire to have more patient come into their facilities, but it also allows the patients to reap the benefits by being treated better and having more and better care options.

?ompetition in health care markets benefits consumers because it helps contain costs, improve quality, and encourage innovation (Federal Trade Commission, n.d.).·/p>

Although there are other concerns to be aware of as well. Leemore Dafny and Thomas Lee (2016), stated the barriers to competition as, ?imited reimbursement-based incentives, limited market share incentives, inadequate data on value, and inadequate know-how·

These benefits and barriers to competition in healthcare create many a debate on if competition in healthcare is really worth it and if the good outweighs the bad. In my opinion, the good certainly outweighs the bad. Competition forces healthcare companies to step up their game, which can make them open their facilities to insurance and therefore, people, that weren? previously taken there. It forces facilities to look into a purchase new equipment and conduct new procedures and treatments, which allows for more options for the patients and better treatments provided.

For an example, as a manager, I will be constantly looking to help out my facility and department so competition in healthcare will allow me the ability to see what other facilities are using in the area and how popular they are and then figure out if our facility could afford or if it will bring in more revenue for the business.

Key Points or Takeaways

  • Competition in healthcare is looked at as good and bad by the community.
  • The good consists of containing healthcare costs, improving quality of treatment, and encouraging innovation.
  • The bad deals with values and data on each individual company being inadequate for others in order for them to properly compete.
  • Many also feel like competition puts money over health in the medical field and they don? believe that that? right or a goo direction for the field to go in.
  • Competition in healthcare requires balance between the clinical side and the administrative side of the facility and what they?e trying to achieve.

Dafny, L. Lee, T. (2016, December). Health Care Needs Real Competition. The Harvard Business Review. Retrieved from

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