What did you learn in this course that will broaden your expertise as a healthcare leader?
Part 1:
Write a 250- to 300-word response to the following question:
What did you learn in this course that will broaden your expertise as a healthcare leader?
Part 2:Write a reposnd in 150-200 word to the below student feedback.
As a healthcare leader, my experience within this class improved my knowledge of healthcare economics and aspects of the healthcare system. Understanding healthcare economics can help in identifying and implementing cost-effective strategies, such as optimizing operational efficiency, negotiating pricing with suppliers, or implementing value-based payment models. Healthcare economics can teach you about the financial viability and long-term sustainability of healthcare organizations in a way that you can understand revenue streams, manage expenses, forecast financial trends, and ensure adequate financial resources in providing quality care.
As a healthcare leader managing the Respiratory Care Department through the recent pandemic, supply and demand was essential. Economics helps in understanding the dynamics of supply and demand through factors that influence demand for healthcare services, such as population demographics, healthcare needs, and changes in patient behavior.
Value-based care has been one of my favorite strategies focusing on delivering high-quality care while minimizing costs. As a member of the value-based purchasing committee at my organization, I have understood the economic principles behind value-based care, including measuring outcomes, assessing costs, and aligning incentives for providers.
My experience within this class has provided a deeper understanding of healthcare economics, which influences various aspects of the healthcare system in which I am employed, including cost, reimbursement, policy, and market dynamics. The knowledge gained from participating in this class has helped me make improved informed decisions, optimize resources, and support the sustainability of the healthcare organizations in which I am employed. Thank you
Requirements: See above
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