Value Of Health Care

Health is a fundamental good that cannot be bought within a market. The influencing factors within a society are: the “genetic” inheritance, the lifestyle, the environment and the healthcare services. Why is there a healthcare demand? Healthcare services are demanded to be consumed but they also represent an investment. We all want a better health, because we all have psychological benefits from good health, whereas if we were sick, there would be negative impacts. We all want a better health, because if we are well, we can work and earn money, whereas our income would suffer if we were sick.

Healthcare services have the following characteristics (Vlădescu, Predescu, & Stoicescu, 2004):

• they are essentials, meaning that it is difficult to

A medical condition is an interrelated set of patient medical circumstances — such as breast cancer, diabetes, inflammatory bowel disease, asthma, or congestive heart failure — that is best addressed in an integrated way. The definition of a medical condition includes the most common co-occurrences or associated conditions. Care for the medical condition of diabetes, for example, must integrate not only the activities directly related to diabetes, but also such conditions as vascular disease, retinal disease, renal disease, and hypertension, among others. Value (both outcomes and cost) should be measured for all this care, rather than for a single specialist or intervention (Porter & Teisberg,

Managers implement six management functions as they carry out the process of management (Goldsmith, 2012):

1. Planning: This function requires the manager to set a direction and determine what needs to be accomplished. It means setting priorities and determining performance targets.

2. Organizing: This management function refers to the overall design of the organization or the specific division, unit, or service for which the manager is responsible. Further, it means designating reporting relationships and intentional patterns of interaction. Determining positions, teamwork assignments, and distribution of authority and responsibility are critical components of this function.

3. Staffing: This function refers to acquiring and retaining human resources. It also refers to developing and maintaining the workforce through various strategies and tactics.

4. Controlling: This function refers to monitoring staff activities and performance, and taking the appropriate actions for corrective action to increase performance.

5. Directing: The focus in this function is on initiating action in the organization through effective leadership and motivation of, and communication with,