StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Cost and Quality Analysis - Essay Example

Cite this document
Summary
Cost and quality analysis Name Institution Date Cost and quality analysis The paper seeks to explore the issues that are involved in the cost of health care in relation to the quality. This is through differentiating the roles of the public and the private agencies aimed at improving health care quality…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94% of users find it useful
Cost and Quality Analysis
Read Text Preview

Extract of sample "Cost and Quality Analysis"

Download file to see previous pages

The two are intimately related. However, Brent (1989) explains that there is a certain quality of the health care can lead to lower costs. This is because of the failure of the process to bring a series of high costs. The unit output of the healthcare services is scrapped while the resources used in the production are wasted. In order to recover the scrapped units, additional resources have to be reallocated to the appropriate deficiency. These allocations involve those aimed at replacing the customer who is lost due dissatisfaction in the organization.

The organization may also be liable for the additional warranty cost and other damages traced to the failure. Brent (1989) explains that, the lower quality will eventually result to higher costs for the organization. The additional costs arise due to the liability of the process failure caused by the low quality of the services offered to the customer. This situation is termed as Quality waste, which is a representation of the consumption of resources for repairing the output unit that fails to meet the expectations of the customers.

The waste is traced through identification scrap and rework. This is a way of managing and eliminating quality wastage from within the organization aimed to improve the quality of the services. . Their aim is to focus on the evaluation of the quality of healthcare provided in the hospitals. Buttell, Hendler and Daley (2007), the government has actively engaged in the pursuit of establishing accreditation standards. The other initiative that they are taking is to develop a board recertification to physicians and health care organizations.

This is in order to focus on their reporting of the public performance information. These organizations and physicians are to be licensed via multispecialty group practices. An independent agency is established with the roles and responsibilities to review the effectiveness via the public and private partnership. This is aimed at establishing guidelines with standards for the provision of better health care services. Through these agencies, parameters are set about the care that is anticipated to all customers.

These parameters include access to medical records, reasonable waiting duration and regularity source of care. The agencies are also focusing on establishing a performance standards aimed at gauging the meeting of the standards. This is in order to regulate the performance of the medical services quality provided to the customers. The agencies are also aimed at separating the generation of the evidence of the translation of the guideline and the anticipated standard. There are initiatives that are focused at improving the quality of services and at the same time incorporating costs control.

By the nature of the health care being a process that comprises of series. In order to effect the operations of an institution that provides health care services, the organization should seek to establish

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Cost and Quality Analysis Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Cost and Quality Analysis Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/nursing/1443104-cost-and-quality-analysis
(Cost and Quality Analysis Essay Example | Topics and Well Written Essays - 1000 Words)
Cost and Quality Analysis Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/nursing/1443104-cost-and-quality-analysis.
“Cost and Quality Analysis Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/nursing/1443104-cost-and-quality-analysis.
  • Cited: 0 times

CHECK THESE SAMPLES OF Cost and Quality Analysis

Economic Analysis for the Motion Picture Industry

Figure 1: Income Distribution Snapshot for 100 – 150 Movies showing in Theatres across the USA, from (Sinha, 2005, Slide 10) The film industry presents a myriad of interesting problems that lend themselves to economic analysis (McKenzie, 2009, Pp.... However, with global annual spending on movies by the consumers exceeding one trillion dollars, it is worth aspects related to the economic analysis of the motion picture industry (Vogel, 2007, Pp.... This very brief report presents a discussion about aspects of economic analysis for the motion picture industry, including aspects of industry demand and cost structure for the motion picture industry....
7 Pages (1750 words) Term Paper

Trade-off Between Quanity/Quality/Cost In Health Care Delivery

The trade-off scenario can be easily solved by maintaining a balance between cost and quality in addition to eliminating the extra charges which are frequently imposed on the patients.... Researchers and analysts have explained this phenomenon by simply stating that quality is such an aspect of healthcare which can be traded-off against cost and quantity (Timothy J.... The trade-off is usually between quality and cost, in order to avail best quality health care services patients pay more to the service providers hence they forgo the cost to avail the quality benefits while on the other hand they save cost and compromise on the quality which is a rare case....
6 Pages (1500 words) Term Paper

Case study (Cost Analysis)

Case study (Cost analysis) Name Institution Table of content Introduction………….... The three edges of the triangle are the quality, cost, and accessibility of care.... For instance, tying payments to physicians to the quality of services offered could improve providers' enticement to contain costs and progress quality.... The full cost profit/loss……………………………………………………………………………5 The differential cost profit/loss…………………………………………………....
3 Pages (750 words) Case Study

Cost and Quality Anaylsis

Cost and Quality Analysis Roles and major activities in addressing cost and quality in health care U.... Department of Health and Human Services - public In order to address cost and quality in health care, the U.... analysis of the program's State Action on Avoidable Rehospitalizations (STAAR) is the other initiative that was supported by the Commonwealth Fund, which has led to considerable reductions in hospital readmissions within 30 days of discharge....
3 Pages (750 words) Research Paper

Quality Parts Case Analysis

quality in a product or service is not what the supplier puts in.... A product is not quality because it is hard to make and costs a lot of money, as manufacturers typically believe.... Nothing else constitutes quality.... quality, according to experts is a preventive measure more than a curative task.... The manager of quality Parts Company is aiming to do precisely that by planning to appoint three inspectors to clean up the quality problem....
3 Pages (750 words) Essay

Operations Management: Market Competition in the Restaurant Industry

In close relations, the paper drills deep into the performances or operations of the already established restaurants in Cardiff, through dependability, flexibility, speed, cost, and quality analysis.... In its methodology of data collection and data analysis procedures, the paper explores several research journal databases available within the university's system.... It follows the screening for certified scholarly research articles, after which, the content analysis and taxonomy is employed in order to identify the prevailing trends within the restaurant industry....
8 Pages (2000 words) Essay

Rising Health Care Expenses

However, health care is still This paper will describe how Cost Benefit analysis (CBA) and Cost Effectiveness analysis (CEA) can assist the US healthcare to address the issue of rising costs.... ‘Cost-Effectiveness analysis' and U.... In the first part of the article, Reinhardt particularly says about the current significance of ‘comparative effectiveness analysis' in the US healthcare.... The author suggests that clinical practice guidelines promulgated by medical specialty societies must be based on a well structured comparative effectiveness analysis so as to deliver better outcomes to patients as well as the Federal government....
5 Pages (1250 words) Research Paper

Analysis of Quality Assurance Case

The paper describes the case background and quality management systems and quality management tools.... The process reviews and study will disturb the routine task and might affect the delivery time and quality.... "analysis of Quality Assurance Case" paper is a case study for the quality management issues of a manufacturing firm that manufactures a component for automotive engines.... Hence for the automotive engine manufacturers who are the buyers for the company, it is very important to have quality gudgeon pins in order to maintain the quality of engines....
12 Pages (3000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us