Strategic Thinking Examine how strategic thinking and planning affect the internal and external environments specific to Nursing Homes services by completing the following: Identify and analyze the various elements that comprise your health care industry\'s trends and policies. Define and explain the economic and business conditions, premises, policies, and other related forces that form the basis for generating change in Nursing Homes. Identify and analyze specific issues revolving around health care management and policy analysis specific to this organization. Examine the different types of markets in the health care system and the determinants of supply and demand in each market specific to the selected organization. Your two-page report should contain an introduction and a conclusion. Resources and citations should be formatted according to APA (6th edition) style and formatting. Solution 1). health care industry\'s trends will exert significant impact on capital investments,allocation of resources, innovation, and share of industry profits.these extraordinary achievements, the cost, quality, and accessibility of health care have become major legislative and policy issues. Substantial increases in the cost of health care have placed considerable stress on federal, state, and household budgets, as well as the employment-based health insurance system. Health care quality varies widely, even after controlling for cost, source of payment, and patient preferences. Many Americans lack health insurance coverage at some point during any given year. The costs of providing uncompensated care are a substantial burden for many health care providers, other consumers, and tax payers. 2.the economic and business conditions, premises, policies, and other related forces that form the basis for generating change in Nursing Homes business or reward suppliers that reduce costs or enhance quality with substantially increased volume or higher payments. CMS has limited ability to contract selectively with providers or use competitive bidding. Even straightforward purchasing initiatives, such as competitive bidding for durable medical equipment (DME), have generated considerable resistance, despite the success of a pilot project for DME competitive bidding 3.issues revolving around health care management and policy analysis specific to this organization a). Health Care Expenditures Are Once Again Rising Dramatically B. Health Care Quality Varies c).Economy Typically Relies on Market Competition 4.different types of markets in the health care system and the determinants of supply and demand in each market specific to the selected organization. Competitive pressures for cost containment have spurred the development of new forms of health care financing and delivery. Government payors have adopted new forms of payments for health care providers to slow health care inflation. Private payors have adopted systems, such as managed care and preferred provider organizati.

1. Strategic Thinking
Examine how strategic thinking and planning affect the internal and external environments
specific to Nursing Homes services by completing the following:
Identify and analyze the various elements that comprise your health care industry's trends and
policies.
Define and explain the economic and business conditions, premises, policies, and other related
forces that form the basis for generating change in Nursing Homes.
Identify and analyze specific issues revolving around health care management and policy
analysis specific to this organization.
Examine the different types of markets in the health care system and the determinants of supply
and demand in each market specific to the selected organization.
Your two-page report should contain an introduction and a conclusion. Resources and citations
should be formatted according to APA (6th edition) style and formatting.
Solution
1). health care industry's trends will exert significant impact on capital investments,allocation of
resources, innovation, and share of industry profits.these extraordinary achievements, the cost,
quality, and accessibility of health care have become major legislative and policy issues.
Substantial increases in the cost of health care have placed considerable stress on federal, state,
and household budgets, as well as the employment-based health insurance system. Health care
quality varies widely, even after controlling for cost, source of payment, and patient preferences.
Many Americans lack health insurance coverage at some point during any given year. The costs
of providing uncompensated care are a substantial burden for many health care providers, other
consumers, and tax payers.
2.the economic and business conditions, premises, policies, and other related forces that form the
basis for generating change in Nursing Homes business or reward suppliers that reduce costs or
enhance quality with substantially increased volume or higher payments. CMS has limited ability
to contract selectively with providers or use competitive bidding. Even straightforward
purchasing initiatives, such as competitive bidding for durable medical equipment (DME), have
generated considerable resistance, despite the success of a pilot project for DME competitive
bidding
3.issues revolving around health care management and policy analysis specific to this
organization
a). Health Care Expenditures Are Once Again Rising Dramatically

2. B. Health Care Quality Varies
c).Economy Typically Relies on Market Competition
4.different types of markets in the health care system and the determinants of supply and demand
in each market specific to the selected organization.
Competitive pressures for cost containment have spurred the development of new forms of
health care financing and delivery. Government payors have adopted new forms of payments for
health care providers to slow health care inflation. Private payors have adopted systems, such as
managed care and preferred provider organizations, to encourage or require consumers to choose
relatively lower-cost health care. Physicians have tried new types of joint ventures and
consolidation, and hospitals have consolidated through merger and the creation of multi-hospital
networks. These new organizational forms offer the potential for reducing costs and increasing
provider bargaining power. More recently, strategies for improving the quality of health care
have gained attention. Health care markets remain in flux
a) The Health Care Marketplace is Extensively Regulated
b) Third-Party Payment Can Distort Incentives
c). Information Problems Can Limit the Effectiveness of Competition
d) Cost, Quality, and Access: The Iron Triangle of Trade-offs