What is the monetary value of a human life

Reference no: EM131350482 , Length: 2

What is the monetary value of a human life? Healthcare managers are tasked with establishing and maintaining a delicate balance between creating a profit and providing patient-centered healthcare each and every day. All decisions have a cost that can be measured in money, time, and/or quality of life. In a perfect world we would be able to provide every patient with unlimited care.

In 1-2 pages, discuss a minimum of 3 managerial decisions that can have positive or negative implications to patients. You should consider asset allocation, human resources, and time management in this discussion. Be sure to support your position with of why the decision would be made and how it could affect the patient population.

For example, a provider may choose to stop participating with Blue Cross Blue Shield of Florida because the reimbursement from the insurance company is not high enough to meet the overhead costs involved with treating patients. The results to the patients would include patients with BCBS of Florida would have to change providers, potentially disrupting the continuity of care, or pay the increased fees not covered by their insurance. In addition, the provider could potentially lose some of his/her patients.

An example is shown below:Jstudent_exampleproblem_101504

Reference no: EM131350482

Questions Cloud

.prepare a presentation about the given topic : Finalize your Employment Laws Training Presentation you were asked to start.Prepare a presentation about the given topic.

Explain similarities between job order and process costing : Explain the similarities and differences between job order costing and process costing. In your explanation, provide examples of when job order costing and process costing would be most appropriate.

Calculate the mcf of a generated random graph : Using the function from Project 15 and a fixed size, n, say 20, calculate the mean clustering coefficient (MCF) for networks with probabilities p = 0.0, 0.1, 0.2, ..., 1.0. For each probability, run the simulation a hundred times to obtain an aver..

What you consider to be benefits of each theory : Describe at least 2 leadership theories and what you consider to be the benefits and deficiencies of each theory. Also, describe provide the following for at least 2 leadership styles.

What is the monetary value of a human life : What is the monetary value of a human life? Healthcare managers are tasked with establishing and maintaining a delicate balance between creating a profit and providing patient-centered healthcare each and every day. All decisions have a cost that ..

Find the range about the sample mean : Botany A random sample of fifty acorns from an oak tree in the park reveals a mean diameter of 16.2 millimeters and a standard deviation of 1.4 millimeters. Find the range about the sample mean that gives a 99% chance that the true mean lies withi..

Discuss about the case given below : Your practice has just hired a new surgeon. The established surgeons in the practice have a personal staff of one nurse and one patient coordinator, who schedules surgeries and works with insurance companies for approvals. The physicians share a r..

Analyze the pros and cons of overtime pay : For employees, collecting overtime pay is akin to getting a bonus. In many cases, continuous overtime is a signal of a managerial problem.Analyze the pros and cons of overtime pay. Be sure to include a minimum of two examples from each, the employe..

Write an annotated bibliography for shakespeare : Write an Annotated bibliography for the following: Shakespeare, William. Shakespeare's sonnets. Simon and Schuster, 2013

User Account

All Pages