Market Force Affecting the US Health Care System and HIM Discussion Paper

hi! done with the paper but just a few minutes so that i can cite and edit the reference listshould i send you the draft first?Attached. Please let me know if you have any questions or need revisions.Market Force Affecting the U.S. Health Care System and HIMFor quite a long time, policy wonks and researchers have had arguments that the healthcare industry is unique and inefficient industry compared to other industries operating in theeconomy. Others have declared that the industry is not affected by the various market forcessince there lacks a thing close to health care free market. However, this is not right since supplyand demand, and incentives influences the behavior. As a result, the various market forces in thehealth care industry may have a positive or a negative effect, and therefore there is need toaddress the various flaws in the health care market structure. In the USA, the healthcare systemand HIM are affected by numerous forces such as quality care, patient safety, and satisfaction ofcustomers, competition, and technology. Surveys have shown that the United States spend moremoney on health care, but their quality of care is lower compared to other countries. However,competition remain the force that greatly affect HIM and health care systems in USA.Competition as a market forceIn health care, competition is essential in censuring an increase in the patients’ valuethrough better provision of care services to satisfy them. It ensures improvement of process andquality which leads to a reduction in costs. This causes an increase in customers’ satisfaction.The current competition facing health care systems and HIM is based on price. Similarly, thestyle of care and network determines how the competition may look like. The market force hasled to a reduction in health care premiums. However, it is hard to determine the cause of costsavings, whether it is due to a sacrifice on the care quality or improved efficiency.For health care facilities facing pressures from Health coverage such as Medicare andMedicaid and subject to competition, there is a reduction in uncompensated care provisioncompared to systems facing less pressure. The rate of price competition has led to increase incompensated care due to public programs’ financial tightening and managed care plans growth.Also, the rate of competition has brought numerous questions, and it is hard to determinewhether it is quality of care or done to satisfy patients. For most of individuals interested inmaking money, they use competition market force to measure the satisfaction of patients toconvince the public to join their various organizations.Historical context surrounding the market forceCompetition has existed from past, which involves elements such as convenience, price,superior services and products, and quality. Some organization have health care systems that aremore advanced compared to others, which may lead to a decrease in the cost of the servicesoffered. In most instances, competition aims at reducing the costs of care services, and eliminateany inefficiencies that results into higher production costs. The high costs are mostly transferredto patients through high services and delivery costs.The government of USA sought to use the existing market principles in scarce resourcesallocation in 1980s. However, this was barred by competition by private and public insurancecompanies, who paid seventy-five percent of bills. The competition involved diving values ratherthan creating newer values. Some of the employers would adopt managed competition whichshowed a positive impact in terms of working, but could not transform the systems due too fewpeople coverage. The type of competition was used in selling the insurance covers, which beganduring and after World War II. Consequently, in the present world, competition remain vital andis based on innovation and technology.How competition affect healthcare and HIM systemsCompetition lead to better utilization of technology, which lead to production of betterservices. It leads to innovations, and therefore advanced systems can be invented improving theoverall cost of care services. A favorable cost leads to an increase in patients’ satisfaction. Whena system face competition, leaders and managers have to find strategies to overcome it. This isthrough the use of the right technology to improve the machines and equipment, trainingemployees and staffs to ensure building a teamwork within the organization. Although it may putpressure to the organization, it is essential since it ensures that the health care systems improvesfor the satisfaction of patients, and the overall public health.Leadership and Management theory to address the market forceLeadership and management are a factor in healthcare systems due to various changes inhealth care industry over the past years. There is a similarity between healthcare and business:clients’ satisfaction. When patients are satisfied, it leads to more referrals and services to thehealth care facilities. Since competition is widespread in the industry, it can only be addressedeffectively through the use of leadership and managements theories. In this case, themanagement and system management theories would be the most effective.Application of theories to address competitionThe leadership and management theories are essential in addressing an existing market force.Basic tenets of the theoriesCompetition can be addressed effectively if managers and leaders are well equipped withthe competencies, skills, and knowledge. Knowing some concepts such as monitoring,implementation, and controlling would be necessary to deal with the market force, and achievethe right targeted goals. These theories would ensure good management of various systems. Forthe larger health care and HIM system to function optimally, there must have componentsworking harmoniously, which are found in the human body. Since the employees are part ofthese systems, the theories would ensure that people would be more motivated to necessitatecompetition. The theories also ensures that departments, health care units, and workgroups in ahealth care setting are more organized as crucial components of the health care facility. Thetheories allows managers to have the best management approach that can necessitate competitionagainst other systems.Reason for choosing the theoriesThe theories are essential in addressing competition as a market force in health caresystems and HIM. Through these theories, leaders and managers can make better and informeddecisions. Also, the theories allows for innovation and speed the process of decision-making,which creates a more competitive environment. Consequently, they encourage…

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