Study of Health Care Corporations Paper
Study of Health Care Corporations Paper
Institute of Affiliation
Health care corporations have the most straightforward corporate structure. Like many other corporations, these institutions have a board of directors, usually known as a board of trustees, whose primary responsibility is strategic planning, management of risk, and overseeing the operations of the facilities (Corbett 2015). In addition, the CEO or administrator takes the responsibility of managing the day-to-day running of the hospital. With healthcare mandated to provide high-quality services and protect people’s lives, their corporate structure takes the form of a vertical organizational structure with many management layers with staff working on defining and narrow low authority roles. The various management layers are meant to provide stability to the facility and ensure that they do not rely on one person (Almeida 2016).
According to Corbett (2015), board work is usually conducted in committees tasked to oversee and provide advice to the management. The most common committees are:
Finance committee. This committee monitors the healthcare facility’s financial status and advises the board on financial policies. It also reports to the board about effective resource allocation.
Safety and quality committee. The primary duties of this committee are to develop policies for safety and healthy working conditions, evaluate all safety measures in place, and establish and implement workplace safety inspection procedures Study of Health Care Corporations Paper.
Audit and compliance committee. Monitors the financial status of the health facility and advises the board on financial policies.
Medical executive committee. Accounts to the board on the patients and residence care and coordinate the activities of medical staff.
Ethics committee. Acts as an advocate of the patients on ethical matters by developing and recommending clinical policies.
Strategic planning committee. This is responsible for setting objectives of the facility and provide means of achieving them.
The Affordable Care Act is a health reform act meant to improve healthcare accessibility to American citizens at an affordable cost. The main facets of the Affordable Care Act are; the expansion of access to insurance coverage, increase in consumer protection, emphasis on wellness and prevention, Improvement in the quality of system performance, and curbing of healthcare rising costs (Béland et al., 2019).
Expansion of access to Insurance coverage. The Affordable Care Act aims at extending the insurance cover to more than 30 million uninsured American citizens through the expansion of public and private insurance. Unless otherwise stated, the provisions that are key to this are; to require all employers to cover their work or be penalized, with the exceptions of small business, offer tax credits to small employers who cover some specified health insurance cost of their workers. It also requires people to get insured except financial hardship or a religious belief (Arora & Desai 2016). The Act similarly requires Medicaid expansion to asylum individuals whose income is `133 percent of the government poverty procedures and creating state-based insurance exchanges to assist individuals and small ventures in purchasing insurance (Béland et al., 2019). It also requires creating insurance plans to cover young people on their parent’s policies and create high-risk groups for the people unable to afford private market insurance because of preexisting disorders.
Increase consumer insurance protection. The Act, enacted various reforms to protect consumers from exploitation and discrimination from insurance providers. These reforms are meant to; control the use of yearly caps by prohibiting monetary insurance coverage caps, prohibit insurance covers from removing children with preexisting conditions in their plans, forbid the insurance companies from canceling insurance cover except only in the case of fraud (Persad 2015). The Act also protects consumers by establishing review rates of insurance premiums based in the States to curb unreasonableness and, among others, prohibit insurance companies from discriminating against people with preexisting conditions Study of Health Care Corporations Paper.
Emphasized wellness and prevention. The Act contains provisions intended to prevent the ailment by establishing preventions and public health funds that allow States to engage in prevention undertakings, including immunization and screening. The Act also emphasizes creating a council on National Prevention, Health promotion, and public health to coordinate the government prevention efforts on inadequate nutrition and physical idleness (Persad 2015). It also requires insurance companies to cover some preventive care without imposing extra costs on the consumer. Similarly, the Act also calls for the establishment of government home-visit initiatives to assist States in fostering the well-being of children and families living in at-risk communities and requires restaurants and food chains to provide nutritious meals in their menus.
Improvement of the quality of health and system performance. The Act comprises numerous provisions related to the Improvement of quality and system performance, which includes; conducting comparative research to learn the effectiveness of different medical treatments, reducing medical errors through demonstration projects by developing medical malpractice alternatives (Arora & Desai 2016). It also calls for Investment in healthcare technology to improving efficiency in healthcare and healthcare payment mechanisms and improving chronic conditions care through the creation of a State-based health homes.
Promote the development of a healthy workforce. The Act addresses workforce issues through various provisions by proposing reforms in graduate medical education training, increasing scholarships and loans to healthcare professionals, and supporting the emerging primary health care models. In addition, it provides for increasing financial support to community health centers and national service corps, support nurses training programs, and nurse-managed school-based health centers (Persad 2015).
Curbing of the rising health costs. The Act has provisions that address the intensifying health care expenses through; offering surveillance of the health insurance, reducing healthcare fraud and abuse, implementing Medicare reforms on payments, and emphasizing prevention and effective treatment (Persad 2015).
Almeida, M. B. (2016). An ontological study of health care corporations and their social entities. In ICBO Workshop; Buffalo.
Arora, P., & Desai, K. (2016). Impact of Affordable Care Act coverage expansion on women’s reproductive preventive services in the United States. Preventive medicine, 89, 224-229.
Béland, D., Rocco, P., & Waddan, A. (2019). Policy feedback and the politics of the Affordable Care Act. Policy Studies Journal, 47 (2), 395-422.
Corbett, T. L. (2015). Healthcare Corporate Structure and the ACA: A Need for Mission Primacy through a New Organizational Paradigm. IND. Health L. Rev., 12, 103.
Persad, G. (2015). Priority setting, cost-effectiveness, and the Affordable Care Act. American journal of law & medicine, 41 (1), 119-166 Study of Health Care Corporations Paper.