Thursday, December 26, 2019

Analysis Of The Health Care Industry - 1088 Words

The health care industry has the highest percentage of occupational hazards of any workforce industry (SIC division structure, 2015). To control these numbers, several state and federal agencies were established to regulate risks to health and personal safety. (OSHA) is one such agency was established to cover all workforce industries, including health services and insurance. The regulatory authority of OSHA is ranged to cover many types of occupational hazards and hazard communication. OSHA procedures are intended to be carried out quickly and decisively in order to ensure and maintain the safest possible working environment and to expose and halt any activities which cause risk. OSHA established in 1970, monitor safety workers and the†¦show more content†¦In addition to the medical professionals healthcare facilities often employ a variety of employees in trades that have associated risks. Trades such as housekeeping, food service, mechanical, building, and grounds maintenance, and administration, each with their own unique set of risks (SIC division structure, 2015). A Brooklyn medical facility experienced OSHA firsthand as they were investigated in 2014 for failing to adequately protect against workplace violence. During their investigation, OSHA found that between the dates of February 7th and April 12, 2014, around 40 individual incidents of workplace violence had occurred, the most serious of which resulted in brain injuries sustained by a nurse who was attacked by a patient. All of the incidents involved staff members being verbally and physically attacked by patients and visitors, or staff members being injured when breaking up fights between patients. A witness for the investigation stated that the administration was aware of the violence and threats, but did nothing to improve the effectiveness of its ineffective workplace violence program or to increase security for employees. The medical center was found to have committed willful violation of OSHA workplace safety regulation and fined $78,000. The medical facility was given fifteen days after receiving theShow MoreRelatedFinancial Analysis On The Health Care Industry791 Words   |  4 PagesIn the modern world of the health care industry, it is vital that organization’s financial statement analyzes be kept up to date and reported accurately within their company. A financial analysis is an evaluative method of determining the past, current and projected performance of a company (Investopedia.com). 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