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). Collectively, individual patients seek for superior quality of health care services and integrity from professionals who work in the hospitals with patients while serving the communities worldwideRead MoreBusiness Analysis : Health Care Industry2160 Words   |  9 Pagesarrow button. Click one of the styles under Manual Table of Contents, and then type the entries manually.î ¿ ¾ Executive Summary Health-care industry needs several reforms, especially in cost management strategies, in order to survive in a bruised-economy of 21st century. Particularly, information in health-care industry has become more ubiquitous; patients want to receive customized, personalized, on-demand information about their healthcare decisions. Innovations in technologyRead MoreTraining Needs Analysis, And The Health Care Industry2327 Words   |  10 Pages Training Needs Analysis, and the Health care industry Raymond Williams OMM 640 Dr: Katie Thiry October 12, 2014 â€Æ' Abstract The health care industry is in constant flux, continually incorporating the most current laws and regulations, up to date technology, and procedures while maintaining patent safety. This research paper will utilize a literary review to analyze the benefits of a continuous training needs analysis (TNA). The research utilized is based in the analysis of a TNA and/or resultsRead MorePost Merger Analysis On The Health Care Industry2165 Words   |  9 Pages Post-Merger Analysis The future of the health care industry is dominated by many uncertainties as it is feeling the heat of both regulatory and economic fronts. The health care industry is one of the most regulated in the United States and organizations are required to comply with a number of federal and state laws and regulations. There are financial drivers that would likely cause health care organizations to merge which means the underlying thought processes behind why two firms would expectRead MoreBusiness Environment, Innovation And Entrepreneurship : Health Care Industry Swot Analysis1695 Words   |  7 Pages Business Environment, Innovation and Entrepreneurship: Health Care Industry SWOT Analysis Laurene Foley Southern New Hampshire University  Partners Health Care is a non profit company made up of multiple top notch hospitals and organizations. Partners strives to provide patient first mentality which focuses on serving the community in Boston and suburbs the best quality of care. Partners Health Care was founded back in 1994 by two of the top hospitals in Boston: MassachusettsRead MoreSummary Of Loan Request And Borrower Relationship1398 Words   |  6 Pagesgeographical distance of the company, BUSINESS / INDUSTRY ANALYSIS: Business Evaluation: . Almost Family is an industry leader in the home health care industry. Strength’s of Almost Family include its personal and management, experience (time established in this industry), and its financial strength (see attached spreadsheet with financial statements and ratios). The company has two divisions, home health care and healthcare innovations. The home health care division has two reportable divisions, visitingRead MoreKey Factors That Promote M A In Health Care Service.1285 Words   |  6 PagesKey factors that promote M A in health care service In economic theory, M A is created by a defensive firm to make another firm more vulnerable. From a theorectical perspective, there are factors that arrive at mergers and acquisition. One major factor is to increase and maximize shareholders wealth and value. However, practitioners of U.S health care system do not follow this theory. So, what is driving health care mergers? From my perspective, I think many factors are responsible for takeoverRead MoreEconomic Tool and Concepts1121 Words   |  5 PagesEconomic Tool and Concepts The health care industry has been experience for many century the shortage of nurses. It is perceive by the health care industry the shortage of nursing supply than the demand across the country. The demand for nurses in every health care organization growth in a daily basic as the technology advance. The consumers are always demanding for more personalize and quality of health care services at the time they are seeking for health care delivery creating nurses supplyRead MoreBiotechnology Industry Analysis1121 Words   |  5 PagesBiotechnology  industry Analysis BACKGROUND The health care industry Provides health products and service which involved the leading technology of life science. It is a fast-growing industry and will continue to grow in the future because of the increasing request to the advanced medical care. The Global Industry Analysis (GIA,2009) predicted that the prescription drug market is value around $897 billion in world economy in 2015, and Asia-Pacific region is expected to have highest growth in prescriptionRead MoreCase Analysis : Systems Acquisition1220 Words   |  5 Pages The Case Analysis: Systems Acquisition Courtney Givler MHA 616 Health Care Management Information Systems Instructor Deborah Bertsch May 9, 2016 The Case Analysis: Systems Acquisition For several years, the healthcare industry has focused on information technology for advancements. Now many health care leaders are seeking more complex information management processes. Information technology has advanced health care from a paper-based industry to a virtual enterprise. Providers are