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Video Discussion 1 – Opportunity Cost

 

Before completing this graded discussion. You should have full understanding of the concepts below, if you don’t please use the textbook and review them first.

• Opportunity Cost, Scarcity, Production Efficiency, Allocative Efficiency, Incentives, Human Capital, Specialization, and Comparative Advantage

Instructions and Steps:

1. View the following 3 TED Talks (video presentations). As you watch the videos, take notes of any relevant information.

• Inside the mind of a master procrastinator | Tim Urban  
• The habits of highly boring people | Chris Sauve
• The Art of Letting Go | The Minimalists

2. Decide which of the 3 TED Talks best responds to this question;

• How can identifying your opportunity costs, help you make better choices?
   

3. Produce a Post of at least 300 words in which you explain your position. Your post must contain at least the following elements:

• It must state the title and the author of the chosen TED Talk.
• It must state the reason why believe that TED Talk best answers the question.
• It must explicitly explain the relationship, connection, or link between the ideas provided in the TED Talk and the concept of Opportunity Cost. 

Your grade will be based on how clear, precise, accurate, relevant and logical your post is and if it was turned in on time. Things such as the name of the video, the name of the presenter, your name, the questions, citation, and date do not count towards the word count.  

You must start a thread before you can read and reply to other threads 

 

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Before completing this graded discussion. You should have a full understanding of the concepts below, if you don’t please use the textbook and review them first.

• Opportunity Cost, Scarcity, Market Failures, Government Regulation, Taxes, Tax Revenues, Public Goods, Government Spending.   

Instructions and Steps:

1. View the following TED Talk (video presentation). As you watch the video, take notes of any relevant information.

• What Government Can Learn From Baseball | Daniel Koh  

2. Answer the following question;

• As you are aware from reading chapters 4 & 10, Governments intervene in markets to solve market failures like pollution, and to provide for public goods, but to achieve this, they need funding, which they accomplish by collecting taxes. Jean-Baptiste Colbert a French politician who served as the Minister of Finances of France from 1665 to 1683, once famously said: “The art of taxation consists in so plucking the goose as to obtain the largest [number] of feathers with the least possible amount of hissing.” Implying that taxes should be as high as people are willing to pay without complaining too much. Based on what you read in chapter 10, and the information from this TED Talk, should governments focus more on becoming more efficient with the use of tax revenues hence reducing the cost of delivering for their citizens, or should they focus more on trying to increase tax revenues? Explain why. 
   

3. Produce a post of at least 300 words in which you explain your position. Your post must contain at least the following elements:

• It must state your stance to the question posted
• It must state the reason why
  • Your reason must be explicitly connected to one of the concepts listed above, which means that must use at least of the concepts in your explanation 
• It must use information, or data from the TED Talk to support your argument. 

Your grade will be based on how clear, precise, accurate, relevant and logical your post is and if it was turned in on time. Things such as the name of the video, the name of the presenter, your name, the questions, citation, and date do not count towards the word count.  

 

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 For the middle-aged adult, exercise can reduce the risk of various health problems. Choose two at-risk health issues that regular physical exercise and activity can help prevent and manage. Discuss the prevalence of each of these health problems in society today. Describe measures that you would take as a nurse to assist clients with health promotion measures to incorporate exercise and physical activity into their lives. Include the kind of activities you would recommend, the amount of exercise, and the approach you would use to gain cooperation from the client. Support your response with evidence-based literature 

 

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Middleville Regional Health Care is one (1) of three (3) hospitals serving a community of 350,000 people. Summary statistics on Middleville and its competitors, from the AHA Guide, are shown below in Table 1. All three organizations are not-for-profit.

Table 1: Middleville, Brierfield, and Greystone Health Care Systems

    

Name

Beds

Admissions

Census

OP Visits

Births

Expenses (000)

Personnel

 

Middleville

575

13,000

350

221,000

2,300

$125,000

2,000

 

Brierfield

380

17,000

260

175,000

1,200

$130,000

1,875

 

Greystone

350

10,000

180

40,000

900

$80,000

1,200

The governing board of Middleville hired a consulting company to evaluate its strategic performance, specifically in the areas of Human Resources, Information Technology, Financing, and Marketing. As part of the consultant’s evaluation, several leaders of Middleville’s units were asked their perspective of the organization’s performance. 

You are working for the consultant. Your job is to identify the issues from the response that should be considered further by the consultant team and possibly discussed with the governing board and the CEO. The firm has a rule, “Never offer a criticism or negative finding without suggesting how the client organization can correct it,” so you must indicate what sort of correction you would recommend as part of your list. Because you know there were about two (2) dozen other interviews, you decide you should rank your issues in importance, to make sure the most critical are discussed.

Write a six to eight (6-8) page paper in which you:

1. Explain the governing board’s role in these strategic initiatives, determining its responsibility and involvement.
2. Evidence-based management means that operational and strategic decisions are made based upon the evidence that goals and objectives are actually being met. Quantitative measurements must be identified and measured. This data is then used to evaluate the HCO’s performance. Name three (3) performances Middleville can use to measure its success in providing quality healthcare to the community, and identify quantifiable, measureable indicators that can be used to do so. Explain the importance of each performance measurement.
3. Given the statistics of Middleville and its two (2) competitors provided in Table 1, recommend to the HCO what areas it should focus on to maintain its competitive market share as well as continue to provide healthcare to the community in the 21st century.
4. Some of Middleville’s Board members are very interested in pursuing advanced technology systems over the next five (5) years, while others are concerned about the enormous expense and need assurance that the investment in technology will be worthwhile. In both monetary and process terms, describe the costs and benefits associated with implementing EMR and associated health data systems. Lay out a plan for how various systems can be implemented.
5. Middleville has faced many challenges in recruiting and retaining nurses and other clinical employees. The economy has hit the area very hard and budgetary limitations have reduced the amount of money available for salary increases. The Board knows it needs to provide other benefits to their valued employees. Provide at least two (2) suggestions to Human Resources to promote employee satisfaction and, therefore, retain experienced personnel.
6. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
7. Format your assignment according to the following formatting requirements:

a.  Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

b.  Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required page length.

c.  Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.

The specific course learning outcomes associated with this assignment are:

• Examine how healthcare management concepts and theories are applied to critical issues in healthcare organizations.
• Analyze the critical management issues, purpose, functions, and performance measures of different departments within healthcare organizations.
• Explain how public policy has shaped the development of the U.S. healthcare system.
• Use technology and information resources to research issues in health services organization management.
• Write clearly and concisely about health services organization management using proper writing mechanics.

Click here to view the grading rubric for this assignment.

 

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