StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Unit 4 Discussion Board - Essay Example

Cite this document
Summary
Essentially, this structure is characterized by a parent corporation with two or more subsidiaries depending on the size and complexity of the organization. Here, the…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.6% of users find it useful
Unit 4 Discussion Board
Read Text Preview

Extract of sample "Unit 4 Discussion Board"

Unit 4 Discussion Board The multi-corporate structure is one of the popular forms of healthcare organizations for practical purposes. Essentially, this structure is characterized by a parent corporation with two or more subsidiaries depending on the size and complexity of the organization. Here, the parent institution provides overall management and a centralized administration services such as human resources, accounting billing and collections, management information systems, and so forth while the subsidiaries provide medical and other services.

(Harris, p. 726) Healthcare organizations employing this system are generally vertically integrated systems, with comprehensive service capability for the continuum of care.Mount Sinai NYU Health is an example of a healthcare organization – a holding company – that has a multi-corporate entity. The health organization has several subsidiaries or healthcare divisions serving the greater New York City area. The hospital is listed in the book, Jonas and Kovner’s Health Care Delivery in the United States (2002), as a conglomerate with subsidiaries in ambulatory care, hospitals, and employed and affiliated physician groups.

Other subsidiary-companies provide traditional home health services for Medicare, Medicaid, private insurance, and self-payers and other services not covered by federal programs. The organization is centralized, as mission, plans, and CEO financial and acquisition powers are reserved as the parent company’s while local units have separate boards with their strategic authority being limited. (Kovner & Jonas 2002, p. 163). The advantages of a multi-corporate structure in the administration of a healthcare organization such as Mount Sinai NYU Health could be seen in two main areas: profitability and quality of service.

In terms of profitability, the multi-corporate structure offers an increase in volume, cost savings, and greater leverage in bargaining with managed care organizations. When it comes to the quality of service, a multi-corporate healthcare organization is said to have improved quality of care that results from standardization and specialized expertise. (p. 164) Another important and obvious aspect about multiple-corporate structure is that it allows for greater flexibility in operations because each division or agency within the whole healthcare organization may assume its own separate legal entity.

Therefore, as more services are provided or more subsidiaries are added, the other subsidiaries are less likely to be disturbed. There are critics who argue that the abovementioned advantages are hard to quantify, much less measure. According to Kovner and Jonas, those hospitals remaining independent can argue with some justifications that merged multi-corporate organizations have very little documentary proof in regard to their success. (p. 164) Then there is also the difficulty of organizing multiple organizations since everything that must be done for one must be done to all of them.

A specific case is when a healthcare entity within the organization must always remember that it is separate as well as related to other subsidiaries and that accounting and information system must adhere to that fact. All in all, there is no easy answer whether corporate diversification is the best or not appropriate for health care organizations. At this point, what is important is that the system of administration must fit the goals and objectives of the healthcare institution and such structure offers the best way of achieving them.

ReferencesHarris, M. (1997). Handbook of Home Health Care Administration. Jones & Bartlett Publishers.Kovner, A. and Jonas, S. (2002). Jonas and Kovners Health Care Delivery in the United States. Springer Publishing Company.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Unit 4 Discussion Board Essay Example | Topics and Well Written Essays - 500 words - 2”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1547139-unit-4-discussion-board
(Unit 4 Discussion Board Essay Example | Topics and Well Written Essays - 500 Words - 2)
https://studentshare.org/miscellaneous/1547139-unit-4-discussion-board.
“Unit 4 Discussion Board Essay Example | Topics and Well Written Essays - 500 Words - 2”, n.d. https://studentshare.org/miscellaneous/1547139-unit-4-discussion-board.
  • Cited: 0 times

CHECK THESE SAMPLES OF Unit 4 Discussion Board

UNIT 5 DISCUSSION BOARD

Responsibility center is an organization unit for which a manager is made responsible where the centers manager… supervisor establish specific and measurable goals for the responsibility center in such a way that the goals should promote the long-term interest of the organization.... Responsibility center is an organization unit for which a manager is made responsible where the centers manager and supervisor establish specific and measurable goals for the responsibility center in such a way that the goals should promote the long-term interest of the organization....
2 Pages (500 words) Essay

UNIT 3 DISCUSSION BOARD

As these new models drive down costs and… This introduces an innovative platform that banks can employ to offer a comprehensive set of investment and advisory services to their low-income customers, empowering Unit 3: discussion board “Re: Investing is for the little Guy” Evolving technologies and innovative new models are laying a path for both traditionaland non-traditional financial service firms to realize attractive profit margins on investment services, regardless of income level or account size....
2 Pages (500 words) Essay

Unit 5 discussion board

Faced with the choice of a $30 item, or a $50 item with a $20 rebate, the unsuspecting consumer will often choose the more expensive item.... It is human nature to believe… Rebate offers may be good for the consumer, yet most seem to favor the manufacturer.... They are a short-term business gain that increases ready cash, but may have negative effects on consumer The Rebate Shell Game People love getting something for nothing and the lure of a rebate can seem like free money to many shoppers....
2 Pages (500 words) Essay

Unit 2 discussion board

Medicare… ts the Health Insurance Program that targets citizens that are of the age of sixty-five years or older, some of the disabled citizens below the age of sixty-five, and citizens with permanent kidney failure that requires treatment through dialysis or kidney transplant. The first Unit 2 discussion board Introduction: Medicaid is the given to the joint and voluntary initiative between the federal and governments that aims at providing health insurance coverage to the economically backward, disabled, and elderly impoverished citizens of the United States of America....
2 Pages (500 words) Essay

Unit 2 Discussion Board

This purchasing behavior has led to the use of the Unit 2 discussion board Introduction: The concept of dynamic pricing is not new, but essentially a version of the old practice of price discrimination in different markets.... The importance of dynamic pricing lies in its use of the current information technology to spread its wings (Perloff, 2004). Dynamic pricing… In India the open skies policies in the domestic sectors had led to the growth of low-fare carriers and removal of fare fences, causing the demand to buy down....
2 Pages (500 words) Essay

Unit 2 Discussion Board

This product will be basically based on the processing of sea food items like fish, crabs etc to the UAE market.... We will be selling our product based on our quality and freshness.... This will be achieved while… g in view the element of value addition in mind since sea food being a generic commodity; we believe our unique selling proposition will be value addition. Since the main market for our product is UAE which has very strict requirements for quality, therefore, our most important Overview of the Product The product which we are going to launch is the process sea food....
2 Pages (500 words) Essay

Unit 3 Discussion Board

This will be achieved while… g in view the element of value addition in mind since sea food being a generic commodity; we believe our unique selling proposition will be value addition. As discussed in our earlier discussion, the unique selling proposition of our product will be the healthy nutrient added Unit3 discussion board Overview of the Product The product which we are going to launch is the process sea food.... ore StrategyAs discussed in our earlier discussion, the unique selling proposition of our product will be the healthy nutrient added to our seafood products so that not only we provide tasty sea food but also the healthy and fresh food which can be taken as an alternative to the mainstream food supplies....
2 Pages (500 words) Essay

Unit 1 Discussion Board

The United States spends more Unit discussion board The government – the legislative, executive and judicial branches – plays a major role in the planning, directing, and financing of health care services.... The government – the legislative, executive and judicial branches – plays a major role in the planning, directing, and financing of health care services....
2 Pages (500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us