HSM 543 - Week 1 You are at a seminar with other attendees...

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Week 1 You are at a seminar with other attendees representing various types of healthcare organizations. After dinner you are chatting with several of your new fellow attendees and you are discussing who has it easier for raising capital, the not-for-profit organizations or the for-profit organizations. What comments do you have? I believe that not-for-profit organizations has it easier when it comes to raising funds. Once a not-for-profit organization presents to the community their purpose and their mission, individuals would donate funds willingly. Funds can be raised by means of private donations, raffles, mini carnivals and much more. When it comes to not-for-profit organizations the means by which funds can be raised are limitless. Why is it so important for healthcare organizations to budget in a strategic manner? And what is the connection between the organization’s 3-year strategic plan and the annual budget cycle? Healthcare organizations are required to budget in a strategic manner because if that all, most of the planning that is done is long term planning. The planning has to take place in such a way that all the necessary monies are appropriated accordingly. The healthcare organization's 3-year strategic plan as well as the annual budget goes hand in hand. Once the strategic plan is created, the organization knows where they need to be at the end of each year. This would allow for the organization to determine whether or not they are successfully working to meet their goal. Week 2 On March 23, 2010, President Barack Obama signed into law the Patient Protection and Affordable Care Act (PPACA), a primary healthcare reform legislation of the 111th U.S. Congress. This new law brings about massive changes in the way that healthcare is delivered and funded in our nation. To say that PPACA is controversial is to utter a huge understatement. Many U.S. states and private organizations have filed suit in Federal Court challenging the constitutionality of the Act. Just about everyone is affected by this law. What are the major impacts of PPACA on hospitals? What are the major impacts on doctors? What are the major impacts on patients? In your own view, will PPACA improve healthcare in America? The Patient Protection and Affordable Care Act has not impacted me either. But like one of my classmates stated, whether it improves healthcare or not really does depend on what side of the fence you're on. It seems for patients or just people in general it forced them to get health insurance and some people were and still are resistant. The insurance is suppose to be affordable but I don't know if it is or not because I've never looked into it. If it's not really affordable then it doesn't improve healthcare if people are struggling to make payments. If it is affordable and everyone is really able to continue to have healthcare that's a great improvement. If everyone has healthcare at least some portion of their bill will be paid instead of none of it being paid and that's a plus for doctors and hospitals.

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