Strategic Management and the Health Care Facility Essay

Strategic Management and the Health Care Facility - Essay Example In order to build a template for interview, it was necessary to conduct preliminary research into certain strategic issues which might be present in a variety of health care settings. Two health care professionals identify that the hands of health care workers can spread â€Å"both normal and pathological microorganisms† and is the â€Å"main route of infection spread† (Green-McKenzie and Caruso, 2006, p.57). This led to the development of interview questions dealing with the potential risks of worker-to-patient infection spreads to induce discussion from the participant about this aspect of health care delivery and patient liability.  The Senior Risk Manager advised that these types of problems are present in most health care settings, with the hospital administration continuously having to work within guidelines from multiple regulatory forces (such as the Centers for Disease Control & Prevention). With there always being a risk of transmitting dangerous infections or diseases from worker to patient, part of the risk manager’s role is to procure literature on the subject, coordinate the distribution of alcohol-based hand rubs, and ensure compliance to certain individual staff guidelines on clean health care delivery. In this role, the risk manager also works on various informative programs for community citizens regarding better hygiene in the home and professional environment as part of the hospital’s growing focus on sending the public image of a socially-conscious organization. Thus, at the senior level, it would seem that in-house sanitation and community hygiene and the promotion of better health care are regular concerns and considerations.  It is not only disease transmission concerns at the strategic level which cause concern, it is also the safe and accurate administration of medication to patients. It was identified that there have been several instances of patients receiving incorrect dosages due to illegible documen ts which were translated incorrectly. This represents a problem with physician quality-of-service. As part of this risk assessment, it was decided at this facility that sloppy physician writing was a reality of patient care, thus instead of reprimanding physicians, the hospital installed a new, touch-screen system for patient care. This was designed to improve the communications between physicians and support staff and also ensure that the hospital was reducing its potential liability for accurate medication dosing. â€Å"For many years, medication errors have been a source of serious concern within the health care community† (Skiba, 2006, p.70).

Technology Sector Privite Equity and a New Speculative Bubble Term Paper - 1

Technology Sector Privite Equity and a New Speculative Bubble - Term Paper Example According to US securities law, a private company is not permitted to have more than 500 individual investors without making its financial information public. Being a private company, Facebook is not required by the SEC to share financial information with investors at this time. In this paper, we will take a look at the history and features of speculative bubbles including the technology bubble of the late nineties (dot com bust) in an attempt to use economic data to analyze today’s environment to detect the presence of a bubble and its potential impacts. Speculative bubbles have long fascinated and puzzled economists across many time periods. From the original Tulip Mania of the 1630’s to the Dot- Com bubble of the late nineties, these phenomena have kept economists on their toes for centuries, in trying to pin down substantive causative agents that are responsible for the swift increase in the market values of particular assets. Till today, experts have been unable to chalk down exact reasons for the emergence of such bubbles as they can rise up even in the most predictable markets; where the market participants can very accurately calculate the intrinsic value of the assets and where speculation plays no part in the actual valuation process. What is the origin of bubbles? Simply put, speculative bubbles are caused by â€Å"precipitating factors† that have the ability to bring about a change in the public’s perception about the value of an asset and about the future prospects of that asset, which can have an im mediate impact on demand (Shiller , 2000) One of the most famous economists of all time, John Maynard Keynes pointed out in his book â€Å"The General Theory of Employment, Interest and Money†, that abrupt and immediate stock price changes have their roots in the â€Å"collective crowd behavior† of the various market agents more than anything else and that in almost all such scenarios, these rises in prices have