HIM FPX 4670 Assessment 3 Case Study Market Forces

• HIM FPX 4670 Assessment 3 Case Study Market Forces.

Market Forces Affecting the U.S. Health System

In HIM FPX 4670 Assessment 3 Case Study Market Forces, market forces, also known as supply and demand, are described by Merriam-Webster (n.d.) as individual buying and selling decisions that result in cost changes for products and services without being administered by the public authority. Although market forces are a regular part of our lives, healthcare markets are the most wasteful (Chernew, 2020). Market forces influence clinical benefits, drugs, and supplies. The clinical benefits sector is not just influenced by supply and demand.

Market forces also include regulatory agencies, business struggles, and other elements that encourage cutthroat methods for managing acting. Vila Health: Sharing Electronic Health Record (Capella University, 2022) illustrates how demand and contest group up. Ned Lander, a pharmacist, and Dr Newcomb, a specialist, are featured in the Vila Health case study (Capella University, 2022) as they work to pass first-class care on to their shared patients while making higher progress rates.

• Enhancing Patient Care with EHR

Ned Landers could use access to his patients’ electronic health records (EHR) to check for possible drug errors like the one he discovered right after speaking with Mr. Vargas about Metformin and Tagamet. He could treat his patients with better care. He can consult drug lists in the EHR, dissect safer recommendations for his patients, and update their records as required. As a result, the institution can continue to provide superb patient care while remaining cutthroat in a currently serious market (Chandra et al., 2016). The opposition may influence health information on the board’s careers (HIM).

To work on persistent care and stay cutthroat, HIM staff will function as closely as feasible with doctors, pharmacists, specialists, and other office locations. Ned Landers proposes giving him access to the EHR and sharing patient data with him so that he can make any necessary adjustments and lower the possibility of pharmaceutical interactions. By exchanging information, pharmacies and clinical professionals can offer patients famous treatments and respond to their worries (Chandra et al., 2016). HIM personnel should screen access to the patient’s EHR to ensure that indispensably shared patient data is accessed and that authorized employees can access the data.

Market Forces and HIM

Information must be successfully organized and handled so clinical offices and staff can exchange information utilizing EHRs (Borg et al., 2020). Health information managers oversee and put together this data on the board in the field of health information so that it may be shared. Sharing Electronic Health Records, a case study from Capella University published in 2022, is an uncommon illustration of how the HIM roles are strategically set up to deal with the current market conditions.

HIM responsibilities oversaw persistent safety by cutting down the likelihood of medication joint exertion mistakes. The pharmacist’s underlying data needed to be more sufficient to make a significant difference. Still, close to the finish of the starter, he had been given access that allowed him to assist patients that he and Dr. Newcomb shared successfully. The patient’s quality of care was uncommonly overseen due to this access. This partnership gives the Ned.

Lander’s Drugstore and Dr Newcomb’s office have the upper hand in their respective markets. The HIM staff’s various leveled-out abilities and EHR executives made much of this possible. Despite their difficulties overseeing market factors, HIM roles must work capably.

Market Forces and Health Care Professionals

In HIM FPX 4670 Assessment 3 Case Study Market Forces, multiple clinical practitioners are impacted by market factors in the Vila Health Case Study. Ned Landers, a pharmacist, and Dr. Newcomb are straightforwardly influenced (Capella University, 2022). Dr. Newcomb must ensure that the patient’s diagnosis is accurate, that the patient’s treatment plan is handled, and that the patient is mindful of the changes they must accomplish to deal with their health. Dr. Newcomb must also ensure patients are given the best prescriptions possible and educated concerning them. Dr. Newcomb should have been mindful of Mr. Vargas’ utilization of Tagamet because it was uncommon.

Because of this, it is possible that the patient did not raise the subject with Dr. Newcomb, and as a result, the communication between Tagamet and Metformin needed to be brought up. Mr Vargas was prepared to see the support by looking at the patient’s prescription history, which was kept on a document with Ned Landers. Most of the time, patients will see more than one specialist and one pharmacist, furnishing them with a more complete grasp of the patient’s clinical history. This data is crucial to the study, allowing Ned to ask Dr Newcomb to access her patients’ clinical records.

• Improving Patient Care Accuracy

Ned and Dr. Newcomb can considerably more probably care for their patients by updating the patient’s record with details about any missing prescription drug consumption thanks to this access. These market trends influence HIM professionals since patient security is a constant concern. Nonetheless, despite how the patient’s clinical group must permanently preserve patient insurance, the ability to communicate patient information easily will ultimately chip away at understanding care by ensuring that clinical records are more accurate (Cohen et al., 2019).

The study demonstrates how remarkable communication and usage of the EHR can support distinguishing prescription errors, as illustrated in the cases of Jake Vargas and Hillary Baldwin. Furthermore, permitting Ned Landers read-compose access to his drug store will assist him with avoiding adverse drug interactions when he substitutes prescriptions and will spare Dr. Newcomb’s group from being required to double their occupation by updating the system (Capella University, 2022).

Health Care Professionals’ Interactions and Market Forces The case study reveals that HIM roles have ordinarily responded to market dynamics suitably for the situation. He assisted with safeguarding patients’ safety and forestalling clinical blunders (Borg et al., 2020). At first, doctors and pharmacists shared restricted data, making giving their patients safe, proper care difficult. Sometime later, the HIM positions exchanged patient records between the offices using Electronic Health Records (EHRs).

• Improving Safety through Data Sharing

Clinical mistakes were reduced as a result, overseeing liberal safety and security. The strengthening and solidification of the supplier-patient association depends on improving patient outcomes (Cohen et al., 2019). To satisfy the requirement for healthcare records, HIM positions were crucial because they permitted pharmacists the opportunity to discuss drug interactions. Therefore, data sharing was essential to giving the healthcare system a seriously enrapturing upper hand while addressing patient requirements. A secure health information

In HIM FPX 4670 Assessment 3 Case Study Market Forces, a system is essential for augmenting healthcare adequacy. Health information must be handled accurately, precisely, and instantly for individuals to make educated choices. The case study acknowledges that participants must make more significant investments in setting up the human resources who will oversee administering the shared data due to restricted resources.

Read more about our sample HIM FPX 4670 Assessment 3 Case Study Market Forces for complete information about this class.

References

Chandra, A., Finkelstein, A., Sacarny., A., & Syverson, C. (2016, December 5). Research: Perhaps Market Forces Do Work in Health Care After All. Harvard Business Review.

https://hbr.org/2016/12/research-perhaps-market-forces-do-work-in-health-care-after- all#:~:text=Economics

Chernow, M. E. (2020). The Role of Market Forces in U.S. Health Care. The New England Journal of Medicine,383(15), 1401-1404. Merriam-Webster. (n.d.). Market forces.

https://www.merriam- webster.com/dictionary/market%20forces