Econ Principles Milestone 3
Precious Teasley
Southern New Hampshire University
IHP-620-Q1591 Economic Principles- healthcare 22TW1
Dr. Scott
October 6,2022
Econ Principles Milestone 3
Organizational Impact and Recommendations
Introduction
Leonard M. Miller School of Medicine is a constituent college of the University of Miami (Miller). The University of Miami gives top-of-the-line patient care as it houses the region’s best doctors, backed by the extensive research conducted by the School of Medicine. The health care system brings together patient care, innovative research, and education, a critical approach to offering health care (“About Us – Jackson Health Foundation”, 2021). Within the Uhealth system, patients can participate in clinical trials and be the immediate beneficiaries of the innovations implemented fast from the laboratory to the bedside. The health system, consisting of over 1800 providers and specialists, provides state-of-the-art medical treatment for every patient.
The university has an affiliate hospital called Jackson Memorial Hospital, a central research area for medical studies, and a referral center. With over 600 doctors and over 1550 beds, the facility offers clinical practice and admits patients for medical care. The hospital comprises the Jackson Health System, which receives donations from the public and people of goodwill, the government, and other institutions. The facility also offers subsidized and funded medical care to the community that depends on it.
Nonprofit or For-Profit
As a nonprofit academic medical organization, Jackson Health System provides top-notch care to everybody who enters its doors. Jackson Health System ensures that all Miami-Dade County citizens are provided with the same high standard of care regardless of their capacity to pay. The Public Health Trust governs the Jackson Health System, a group of citizen volunteers who act on behalf of the Miami-Dade Board of County Commissioners (“Jackson Memorial Hospital | 24/7 Emergency Services in Miami”, 2021). The philanthropic fundraising arm of South Florida’s most comprehensive healthcare system, Jackson Health System (JHS), is called Jackson Health Foundation. A volunteer board of directors oversees the Foundation, founded in 1991, and is dedicated to charitable endeavors supporting JHS’s medical programs and services. The Foundation contributes to addressing the programmatic needs and gaps in significant capital projects that are not covered by public bond financing. This is done through the kindness of caring donors.
Financials, Market, and Demand
Demand Theory
According to Goldberger (2019), the demand theory stipulates that the quantity of products or services consumers demand directly affects the prices that the products and services will go for in the market. Typically, when the demand for a product is very high, the supply of the product may be low. With this effect, the prices of the products or services will go up. On the other hand, when demand is low, the supply of the products and services may be high, leading to price drops. This is also happening in the medical sector, where disease outbreaks and pandemonium increase the demand for specific types of medicine and medical services. This is expected to earn a health facility more revenue than the rest of the working periods.
While looking at the 2021 audited accounts of the Jackson Health System, compared to the FY 2019 report, during the pandemic outbreak, the hospital system raised more revenues. In FY 2021, the Jackson Health Foundation Inc. reported total revenue of $14,635,358 compared to the audited accounts financial information reported in FY 2019, which showed that the foundation had total revenue of $11,088,938 (Andrea Suozzo, 2022). This is an indication that during the COVID-19 pandemic, the need for medical services increased, making the facility record a very high revenue.
Market Behavior Impact
Regarding market behavior, several circumstances can be considered; political climate, health issues, and the availability of medical services. Whereas market behavior is not a perspective that can be controlled, it can only be tackled after it has happened. Looking at the Jackson Health System, the onset of Covid-19 was a health crisis that had not been thought of before. There was no readiness for the pandemic as it was a natural occurrence. This resulted in a shift with which medical services were offered. With the demands to practice social distancing, movement restrictions, and the need to sanitize frequently, the firm changed how to interact with its patients (“Jackson Health System – 2021 Report To The Community”, 2021). The foundation developed an online portal where doctors could interact with patients virtually. In so doing, the hospital continued to operate and made more revenues, as indicted in its books of accounts.
Economic Legislative Changes
Legislative Changes
Many of the beneficiaries of the Jackson Health System are Medicaid patients; the health system, on the other hand, is the biggest Medicaid provider. The facilities under the health care system need to pay their workers who help serve the community, amounting to $150 million annually. The lawmakers, early in the financial year 2022, cut the additional “critical care†funding to a tune of $71 million for Jackson Health System (Gorchow, 2022). This implies that the facility will be financially constrained to offer medical services to the community. This will likely affect the community’s health services delivery as the facility will be forced to reduce the workforce or the amount of subsidy it gives to the patients on their medical billing. Therefore, the legislative changes are not friendly and will negatively impact the firm.
Policy Changes and Impact
Jackson health system is a non for profit organization intended to make access to affordable health care system easy and manageable. One of the positive impacts that the form has had on the community is to take in as many community members as possible who are interested in offering healthcare services. The cost of operations is rising due to inflation and supply chain issues, making the company work on a very tight budget. The impacts that come with the scrapping of the “critical care†funding will force the firm to look into alternatives that will make it continue to operate. The firm has now embarked on a target to add more paying patients into the system to manage funds deficits. This has a harmful effect somehow to service delivery as the paying patients will be given priority.
Statement Impact
The initiative by Jackson health system to offer non for profit medical services is a bold move that has improved the quality of life for many of the community members. This is in terms of controlling and healing diseases and offering employment opportunities to many students in the health sciences academic programs. One of the key pillars or support systems for the sustenance of this program is the “critical care†funding from the federal government. With the scraping of the funding, the health systems will have rising costs that will negatively impact the profits realized. This will see the company register a rising expenses burden, an “unhealthy†financial report.
Potential Disparities
For sustainable operations, the health system must cut nonpaying patients and add paying patients to the system. This will negatively impact the provision of accessible, affordable medical care as the facilities will shift the interest to the paying customers to raise more funds required to sustain the operations in the facilities. The potential disparities in healthcare service provision preferences will hurt the community at large, especially for the patients who come from vulnerable homes and are not on any health insurance plan or are not in a position to cater to their huge medication bills.
Get Professional Assignment Help Cheaply
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Why Choose Our Academic Writing Service?
- Plagiarism free papers
- Timely delivery
- Any deadline
- Skilled, Experienced Native English Writers
- Subject-relevant academic writer
- Adherence to paper instructions
- Ability to tackle bulk assignments
- Reasonable prices
- 24/7 Customer Support
- Get superb grades consistently
Online Academic Help With Different Subjects
Literature
Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.
Finance
Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.
Computer science
Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!
Psychology
While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.
Engineering
Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.
Nursing
In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.
Sociology
Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.
Business
We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!
Statistics
We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.
Law
Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.
What discipline/subjects do you deal in?
We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.
Are your writers competent enough to handle my paper?
Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.
What if I don’t like the paper?
There is a very low likelihood that you won’t like the paper.
Reasons being:
- When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
- We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.
In the event that you don’t like your paper:
- The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
- We will have a different writer write the paper from scratch.
- Last resort, if the above does not work, we will refund your money.
Will the professor find out I didn’t write the paper myself?
Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.
What if the paper is plagiarized?
We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.
When will I get my paper?
You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.
Will anyone find out that I used your services?
We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.
How our Assignment Help Service Works
1. Place an order
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
2. Pay for the order
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
3. Track the progress
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
4. Download the paper
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
GET A PERFECT SCORE!!! 
