MBA 683 Week 1-CASE 1
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School
Marist College *
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Course
MBA 683N
Subject
Medicine
Date
Dec 6, 2023
Type
docx
Pages
5
Uploaded by SargentElement1582
The hospital that I choose is MIDCARE. As a business analyst for MIDCARE hospital in
Hillsboro County, it is crucial to understand the demographic changes and community health
indicators to make strategic decisions. This analysis will focus on the five most important issues
that MIDCARE will face in the next 1 - 10 years, why they should be a managerial priority, and
the steps the management team should take to cope with these situations.
Based on the information provided in Case 1 and other sources, the following are the four
most important issues:
1.
Population Aging: In table 1.3, Hillsboro County Population has increased within the five
years. In the year 2024, we’re estimated that the population would be 147,400, which is
2, 632 more than 2019.
Also, in Table 1.4, showing the Hillsboro County Age based on
Sex in 2024, it is interesting to show the older age such as 65-74 and 75 and over have
lower population. Whereas, the younger age such as 25-44 and 45-64 are the top two in
Hillsboro population. As the population ages, the demand for healthcare services
increases. This is due to the higher prevalence of chronic diseases and other health issues
among the elderly. In Table 1.12, the table shows that the resident leading cause of death
is from Diseases of the Heart as the number one as throughout from 2009 to 2024, even
though it is ten deaths less than 2009. Chronic diseases are long-term conditions that can
be managed but not cured, such as heart disease, stroke, diabetes, and cancer. These
diseases are more common in older people, as are other health issues such as falls,
fractures, and dementia. In fact, Table 1.13, Hillsboro County Causes of Resident Death
by Age in 2024 shows that residents that are 75 and over are considered as one having
death in each of the leading causes of death including diseases of the heart, malignant
neoplasms, etc. While resident age from 65 to 74 were second in resident death that is
from leading cause of death.
As a result, older people require more healthcare services
than younger people. This includes both preventive care, such as vaccinations and
screenings, and treatment for acute and chronic conditions. The increasing demand for
healthcare services as the population ages is a major challenge for healthcare systems
around the world.
2.
Increase in Chronic Diseases: With lifestyle changes and an aging population, there is an
increase in chronic diseases such as diabetes, heart disease, and cancer. As I mention, in
the first issues, in Table 1.12, the leading causes of resident deaths in Hillsboro County
include diseases of the heart, malignant neoplasm, cerebrovascular diseases, chronic
lower respiratory, etc. Table 1.9 shows that MIDCARE has the most patient days
compared to other hospitals in Hillsboro County. This means that MIDCARE is the
hospital that most people go to when they need medical care. The number of patient days
is expected to decrease in 2024, but MIDCARE will still have more patient days than any
other hospital in the county. This suggests that MIDCARE is a popular choice for
residents of Hillsboro County when they need medical care.
3.
Healthcare Workforce Shortage: The shortage of healthcare professionals is a growing
concern, as it could have a significant impact on the quality of care that patients receive.
This is especially true for nurses and doctors, who are essential to providing quality care.
According to Table 1.10, Hillsboro County has a shortage of family practice doctors.
MIDCARE has the most staff within Hillsboro County, but they only have five
doctors/staff that serve in Family Practice. Webster Hospital has 20 doctors/staff in
Family Practice, which is more than double the number of doctors/staff at MIDCARE.
The same trend is seen in other specialties, such as Cardiology, Internal Medicine
General, and so on. MIDCARE has more staff in each department, but Middleboro has
more staff than Jasper and other cities within the Hillsboro County. This shortage of
healthcare professionals could lead to longer wait times for patients, as well as a decrease
in the quality of care that they receive. It is important to address this issue in order to
ensure that all patients have access to quality healthcare.
4.
Healthcare Costs: The cost of healthcare is rising, making it difficult for many individuals
to afford necessary care. Table 1.9, shows that although MIDCARE has more patient days
than other hospitals. It also shows that MIDCARE also has more patients being
discharged than other hospitals. Also, If we were to look into Table 1.6, Hillsboro County
Health Insurance Profile, 2024, we see that most residents have insurance that is covered
by employment-based insurance which is 51.5 percent. While residents who were either
covered by Medicaid or who are not covered any time during the year were tied with the
percentage of 19.5. Now, if we look into the household income based on those who were
covered by employment-based insurance, 72.4 percent of those with $75,000 and over;
while 61.4 percent with income of $50,000 to $74,999. However, when looking at people
who received Medicaid, 43.5 percent of people who have an income of less than $25,000.
While those who don’t have insurance show that people who have less than $25,000 have
a percentage of 28.3, 22.8 percent of those who have $25,000 to $49,999.
These issues should be a managerial priority because they directly impact the quality of
care provided by the hospital and its financial sustainability. To cope with these situations, the
management team should take the following steps:
1.
Population Aging and Increase in Chronic Diseases: Investing in preventive care and
chronic disease management programs can improve the health of the population by:
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●
Identifying and treating health problems early
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Reducing costs
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Improving quality of life
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Increasing productivity
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Reducing strain on the healthcare system
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Improving public health
These programs are a wise investment that can yield significant benefits for individuals, families,
and communities.
2.
Healthcare Workforce Shortage: The healthcare industry is facing a shortage of
professionals. Possible solutions include increasing the number of training programs,
offering higher salaries and benefits, making it easier for foreign-trained professionals to
practice, and providing more support. It is also important to create a positive work
environment for healthcare professionals.
3.
Healthcare Costs: The following are some of the ways to implement cost-saving
measures:
●
Negotiating lower prices with suppliers: This can be done by comparing prices
from different suppliers, asking for discounts, and negotiating long-term
contracts.
●
Reducing energy consumption: This can be done by turning off lights when not in
use, unplugging electronics when not in use, and using energy-efficient
appliances.
●
Automating tasks: This can be done by using software or robots to perform tasks
that are currently done manually.
●
Outsourcing non-core activities: This can be done by hiring a company to perform
tasks that are not essential to the company's core business.
●
Reducing travel and entertainment expenses: This can be done by using video
conferencing instead of travel, and by choosing less expensive restaurants and
hotels.
●
Cutting back on unnecessary spending: This can be done by reviewing all
expenses and eliminating those that are not necessary.
The following are some of the ways to explore alternative funding sources:
●
Seeking government grants or loans: This can be done by applying for grants or
loans from government agencies.
●
Raising private equity or venture capital: This can be done by selling shares in the
company to private investors or venture capital firms.
●
Partnering with other organizations: This can be done by forming partnerships
with other companies or organizations to share costs and risks.
●
Selling assets: This can be done by selling assets such as buildings, equipment, or
inventory.
●
Crowdsourcing: This can be done by raising money from a large number of
people through online platforms.
By addressing these issues proactively, MIDCARE can ensure it continues to provide high-
quality care to its community while remaining financially sustainable.