Nursing and Human Resource Sector of the Health Care Industry - Assignment Example

Download file to see previous pages... The present research has identified that there is a rising cost of providing healthcare to over 230,000 individuals, a task that is making hard for the health care system to retain and attract employers who are discouraged by the premium costs. The employers are facing the effect of having to reduce or absolutely not offering any health care benefits to the employees. The Mercy Health plans are also finding it very difficult to get a local health plan for the employers. There is also the issue of competitors who offer national health plans and worse, they have a large share of the market. As such, the mercy health plan has to strategize themselves so as to face the existing competition in the market. Among the solutions considered by the Mercy Health Plans in the face of the problem of attracting employers into their health plans, they have decided to attract employers through offering them more attractive health plans that apply to the long-term relationship they have with their employee. They encourage the senior management teams of the employers to take up their health plans in order to solve this problem. This is in opposition to the selection of short-term health care plans by the senior management. This is because the short-term health plans tend to be a source of cost shifting solution to the employer and mostly offered by consumer-directed programs for health benefits. Further, the mercy health plan realizes that they have to design a health program that would cover the overall health of the entire population. This includes the consumers that do not have a high risk of healthcare complications and their probabilities of getting sick is also low. As such, it is possible that the Mercy Health plan can reduce the cost of health and attract more employers. ...Download file to see next pagesRead More