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Imagine that a group of physicians who are planning to open a single-specialty g

ID: 370715 • Letter: I

Question

Imagine that a group of physicians who are planning to open a single-specialty group practice has hired you as a consultant. Your job is to advise the physicians in creating a business plan that includes management strategies that will help ensure their success. The physicians have stipulated that the plan must promote medical excellence and limit their exposure to risks associated with the practice of medicine and the operational functions of the practice. In addition, they are aware that a public health emergency or natural disaster could have had a significant impact on their practice, and want to include a strategy for emergency preparedness as part of their plan so that they will be able to manage their patients and help serve the community as needed.

some of the main areas of risk exposure for a group practice include: property (general liability and safety), technology, and financial practices. Determine one (1) specific hazard associated with one (1) of these risk categories and propose a strategy to mitigate the impact this risk could have on the practice. Support your analysis with a real-life example.

Explanation / Answer

first all the group physicians must establish a unit and start their activities. they need to promote their healthcare activties in different channels. the best way to reach most of the people is providing television ads and paper ads. the first important thing is select a location, which give extra benefit to your location.

next physical structure of the location, the process of OP, base checkup of the patients, specilist consutation, if need prepare operation or send them to observation, and finally medical hall in the hospital. once all these are prepared in a advanced way, then movement of resources will be minimized and wastage also will be minimized.

the hospital should offer some benefits to the patients, some kind of discounts to those who takes family cards with some prepaid money, discount to the second consuting and for forther also. if a patient joined in the hospital with reference of a old patient, the old patient should offer some monetary or non monetary benefits and so on.

the set up costs, maintanance costs, purchasing of new materials or fixed assets, machines and technology; all these must be done with their funds only. if they are lacking for funds, it is better to take loans from bankers by providing some security. there are many people and many hospitals are running like this. the level of risk is much lesser in this kind of activities. because the investment is only on building an on some machinery only. if any thing happens wrong, all the buildings and machinery will be insured and we can claim it.