Our Paper Is A Short Paper: 2-3 Paragraphs Long

Question

Our Paper Is A Short Paper 2 3 Paragraphs Long That Gathers Some Basi Our paper is a short paper, 2-3 paragraphs long that gathers some basic information that will be used in Milestone 3. Basic information is all that is needed for this milestone. A reminder that the American Healthcare Act (ACA) passed in 2010 and signed into law by then President Obama is our healthcare system. Our class is looking at economic legislation and how it impacts our healthcare system. Therefore, the facility must be a hospital, long term care facility or a healthcare clinic such as a health department. The rationale is the focus of our class as described in the course overview. Red Cross, blood donation centers, facilities that provide services to healthcare such as staffing, and equipment cannot be used. The best source of information is the facility’s website. For example, if I use St. Jude’s Hospital, I will go to their website and search there for information and financial statements. The financial statements are often found in the communication to the public, such as annual reports or brochures, and can be cited accordingly. Please note that the DBHoover site rarely works; therefore, locating the information directly on the hospital’s website is recommended. Milestone 1 entails gathering the basic information for approval. You should answer the five prompts in the rubric, ensuring at least two sources and proper citations in APA format. No direct quotes should be used. Summarize and cite the information, with nearly every sentence referencing your sources, since the data derives from publicly available information from the facility’s website.

Dr. Jack HW Helper · Accepted Answer

For this analysis, I have selected the University of Michigan Hospitals (UMH) as the focus of my report. UMH operates as a not-for-profit academic medical center under the broader umbrella of the Michigan Medicine health system. This organization primarily functions within the hospital sub-industry, providing specialized medical and surgical services to a diverse patient population (University of Michigan Health, 2023). The organization’s financial background reveals an extensive revenue stream primarily derived from patient services, research grants, and philanthropic contributions, which collectively support its operations and expansion efforts (University of Michigan Health, 2022). As a not-for-profit entity, UMH reinvests any excess revenue into hospital infrastructure, patient care improvements, and community health initiatives, distinguishing it from for-profit hospitals that distribute profits to shareholders (Brown & Smith, 2021). The economic principles of demand and consumer behavior significantly influence UMH’s financial statements. As a hospital within a competitive and demand-sensitive health care market, UMH experiences fluctuations in revenue based on seasonal trends and regional health trends. For instance, during winter months, there is an observed spike in patient admissions due to increased respiratory illnesses and seasonal injuries (CDC, 2023). This seasonal demand impacts revenue streams directly, as higher patient volumes translate into increased service revenues, which are reflected in the hospital’s financial documents. Additionally, consumer behavior, such as increased health awareness or affordability concerns, influences the hospital’s service offerings and pricing strategies. When public health concerns rise, such as during flu season or pandemics, the hospital’s revenue can surge due to increased demand for emergency and specialized services (Lansky et al., 2020). Conversely, during periods of economic downturn, patient volumes and

Our Paper Is A Short Paper: 2-3 Paragraphs Long

Our Paper Is A Short Paper 2 3 Paragraphs Long That Gathers Some Basi

Paper For Above instruction

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Our Paper Is A Short Paper 2 3 Paragraphs Long That Gathers Some Basi

Paper For Above instruction

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