Assignment Executive Brief: Proposal of New Economic Opportunity

Assignment Executive Brief: Proposal of New Economic Opportunity

Sample Answer for Assignment Executive Brief: Proposal of New Economic Opportunity Included

Assignment Executive Brief  Proposal of New Economic Opportunity

A Sample Answer For the Assignment: Assignment Executive Brief: Proposal of New Economic Opportunity

Title: Assignment Executive Brief: Proposal of New Economic Opportunity

The relationship between healthcare spending growth and the economy of a country is inherently complex and multidimensional. Currently, the government and hospitals are focused on increasing aggregate healthcare spending. Healthcare professionals are concerned about the health status of the communities they serve (Frakt, 2018). However, the ability to provide quality healthcare to the patients and the community is limited due to various external forces. Healthcare facilities should ensure that patients receive quality healthcare as well as access to medication. The long-run i

mprovement in healthcare is linked to economic growth which promotes public health infrastructure such as sanitation and cleanliness of water supply (Frakt, 2018). Additionally, economic growth is also tied to better nutrition and more efficient medical technology such as vaccines and antibiotics. This paper discusses a proposal for a new economic opportunity broadly to improve the lives of patients and community members.

In order to ensure access to medications, health providers should have an understanding of the value of research and development in the pharmaceutical industry. Although communities across the world struggle with the increasing costs of drugs, the demand for affordable and effective medicines continue to rise (Taylor & Wonder, 2015). Healthcare organizations can help in expanding and promoting economic activities for community members they serve. The changing nature of diseases and the emergence of new infections have contributed a lot to the increasing demand for medications. Similarly, the supply of medicine has not met the demand due to the high cost of research. Pharmaceutical companies are shying away from researching ways in which they can make drugs available to the communities due to the high cost of research

.            According to Taylor and Wonder (2015), the major problem impacting supply and demand in the pharmaceutical industry is the pharmacy benefits managers (PBMs). These are organizations acting as middlemen who negotiate drug prices between pharmaceutical companies and people who pay for drugs such as government agencies, pharmacies, hospitals, and insurance companies.  To make the demand and supply of drugs uncomplicated, the pharmacy benefits managers should negotiate to obtain the best prices for patients and their health providers. Some drugs that treat complicated diseases such as cancer are very expensive. If pharmaceutical companies do not make changes in their supply chain, the problem will continue to grow (Taylor & Wonder, 2015). This is why this paper calls for research in development in this industry to ensure patients can access affordable medications.

Proposed initiative

The proposed new economic opportunity (initiative) involves healthcare research and development in the pharmaceutical industry to improve access to medications while promoting economic activities and quality of life in regions where they operate. Drugs are the most important cost driver of healthcare (Rother, 2017). Patients are most likely to be happy with the treatment they receive when they h

ave access to medications. Pharmaceutical companies should ensure that patients have access to effective medications and at the same time making sure that they grow to expand economically. They can only do this by carrying out research regarding innovative ways to improve patient’s access to mediation. Only a handful of pharmaceutical companies engage in supply and demand related research.

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Hospitals and pharmaceutical companies can source for donors to access funding for research. As stated earlier, most pharmaceutical companies do not embrace demand and supply research due to insufficient funds. Reaching out to various donors may

help them in terms of research findings. Additionally, these industries can come together and collaborate with the aim of research and development. According to Anusha, Rao, and Kumar (2016), the partnership can promote research by building infrastructure and trial sites, providing resources, and setting up training in good clinical practices. Therefore, research can be promoted by collaborating with high-income country pharmaceutical companies, national government, and local manufacturers.

On the other hand, hospitals can also pursue research through a partnership with the community and organizations that offer patient assistance and government agencies to enhance research. Only through research can the pharmaceutical industry be improved to ensure patients access affordable medications (Anusha, Rao, & Kumar, 2016). Based on this information, health providers may engage communities and ensure they promote access to medication. Investing in this new economic opportunity (research and development of the pharmaceutical industry) will enhance quality care and access to medication.

Relevant Economic and Environmental Data

People across the globe are experiencing several challenges associated with healthcare services. The services offered by the healthcare providers cannot meet the demand due to the growing population as well as the rising cost of quality care. It is, therefore, necessary to devise new approaches to expanding access to medications and quality care while causing minimal damage to the environment. According to NIH (2017), the National institute’s annual investment in medical research is about $30.1 billion. The institution asserts further that the amount is insufficient due to the high cost of carrying out research.  The prices of drugs have increased twice as fast as expected for drugs that were in short supply in 2016. In the United States, the price increases that occur during shortages along with the higher cost of medications which are prescribed as substitutes cost the healthcare system approximated $230 every year (NIH, 2017).

Additionally, it is only through drug discovery that new medications can be manufactured. Most patients suffering from new diseases such as cancer have hope that a new medicine will be invented to cure their illnesses. (Anusha, Rao, & Kumar, 2016). Pharmaceutical companies understand better the level of demand and challenges involved in drug discovery and the development of new drugs. Between 200 and 2016, the Food and Drug Administration, (FDA) approved only 500 new drugs. The number is too small compared to the growing list of complications. This information supports the idea that access to medication is a problem among communities across the globe. A solution to this problem is therefore required which can only be arrived at through research.

Communication Methods

The effective communication of the proposal to relevant stakeholders can significantly contribute to its success. Seeking support and approval from stakeholders is highly required. It is important to draft a comprehensive report that reflects the research methodology and how it will improve patient care. This comprehensive report can be conveyed through verbal, written, or visual communication. Verbal communication may entail presentations to a group of stakeholders (Butt, Naaranoja, & Savolainen, 2016). A written document may be distributed to every stakeholder with simple and clear details of the proposal. Visual communication may include using photographs, sketches, charts, and others. Proper communication methods may enhance proper understanding between the researcher and stakeholders.

Assignment Executive Brief: Proposal of New Economic Opportunity Conclusion

In summary, hospitals are concerned about increasing healthcare spending. The demand for drugs is increasing as patients continue to struggle with the rising costs of healthcare. Hospitals are challenged by the fact that access to medication is a problem for many patients. Investing in research and development in the pharmaceutical industry is the best way of ensuring access to drugs and quality health.

Propose an economic initiative that presents an opportunity for improved care quality.

Master\’s-level health care practitioners are charged with the responsibility of constantly scanning the external environment for shifts in supply of and demand for services. Concurrently, leaders must examine strategic fit with their organization\’s directional strategy and determine if adjustments need to be made for current service offerings, updates in equipment, changes in staffing models, and a variety of other decisions. Each decision that is proposed must be evaluated in terms of the health care setting as a system, alignment with the mission and strategy, available internal resources, potential contract and payer source implications, and the short- and long-term economic effects at both the micro and macro levels.
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Note: Complete the assessments in this course in the order in which they are presented.

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
•Competency 1: Analyze the effects of financial and economic factors (such as cost-benefit, supply and demand, return on investment, and risks) in a health care system on patient care, services offered, and organizational structures and operation. ◦Analyze the supply and demand for a proposed economic initiative within contexts relevant to a care setting.

•Competency 2: Develop ethical and culturally equitable solutions to economic problems within a health care organization in an effort to improve the quality of care and services offered. ◦Propose an economic initiative that presents an opportunity for a care setting at both the micro and macro levels, and that will provide ethical and culturally equitable improvements to the quality of care.

•Competency 3: Justify the qualitative and quantitative information used to guide economic decision making to stakeholders and colleagues. ◦Explain relevant economic and environmental data that support a proposal and analysis.

•Competency 5: Apply various communication methods in order to clearly, effectively, and efficiently relate information to stakeholders and colleagues related to economic data, findings, and strategies. ◦Communicate an economic proposal in a logically structured and concise manner, writing content clearly with correct use of grammar, punctuation, and spelling.
◦Effectively support a proposal with relevant economic data and scholarly sources, correctly formatting citations and references using current APA style.

For assignments that need to be submitted to Lopes Write, please be sure you have received your report and Similarity Index (SI) percentage BEFORE you do a “final submit” to me.

Once you have received your report, please review it. This report will show you grammatical, punctuation, and spelling errors that can easily be fixed. Take the extra few minutes to review instead of getting counted off for these mistakes.

Review your similarities. Did you forget to cite something? Did you not paraphrase well enough? Is your paper made up of someone else’s thoughts more than your own?

Visit the Writing Center in the Student Success Center, under the Resources tab in LoudCloud for tips on improving your paper and SI score.

Late Policy

The university’s policy on late assignments is 10% penalty PER DAY LATE. This also applies to late DQ replies.

Please communicate with me if you anticipate having to submit an assignment late. I am happy to be flexible, with advance notice. We may be able to work out an extension based on extenuating circumstances.

If you do not communicate with me before submitting an assignment late, the GCU late policy will be in effect.

I do not accept assignments that are two or more weeks late unless we have worked out an extension.

As per policy, no assignments are accepted after the last day of class. Any assignment submitted after midnight on the last day of class will not be accepted for grading.

Communication

Communication is so very important. There are multiple ways to communicate with me:

Questions to Instructor Forum: This is a great place to ask course content or assignment questions. If you have a question, there is a good chance one of your peers does as well. This is a public forum for the class.

Individual Forum: This is a private forum to ask me questions or send me messages. This will be checked at least once every 24 hours.

Important information for writing discussion questions and participation

Welcome to class

Hello class and welcome to the class and I will be your instructor for this course. This is a -week course and requires a lot of time commitment, organization, and a high level of dedication. Please use the class syllabus to guide you through all the assignments required for the course. I have also attached the classroom policies to this announcement to know your expectations for this course. Please review this document carefully and ask me any questions if you do. You could email me at any time or send me a message via the “message” icon in halo if you need to contact me. I check my email regularly, so you should get a response within 24 hours. If you have not heard from me within 24 hours and need to contact me urgently, please send a follow up text to

I strongly encourage that you do not wait until the very last minute to complete your assignments. Your assignments in weeks 4 and 5 require early planning as you would need to present a teaching plan and interview a community health provider. I advise you look at the requirements for these assignments at the beginning of the course and plan accordingly. I have posted the YouTube link that explains all the class assignments in detail. It is required that you watch this 32-minute video as the assignments from week 3 through 5 require that you follow the instructions to the letter to succeed. Failure to complete these assignments according to instructions might lead to a zero. After watching the video, please schedule a one-on-one with me to discuss your topic for your project by the second week of class. Use this link to schedule a 15-minute session. Please, call me at the time of your appointment on my number. Please note that I will NOT call you.

Please, be advised I do NOT accept any assignments by email. If you are having technical issues with uploading an assignment, contact the technical department and inform me of the issue. If you have any issues that would prevent you from getting your assignments to me by the deadline, please inform me to request a possible extension. Note that working fulltime or overtime is no excuse for late assignments. There is a 5%-point deduction for every day your assignment is late. This only applies to approved extensions. Late assignments will not be accepted.

If you think you would be needing accommodations due to any reasons, please contact the appropriate department to request accommodations.

Plagiarism is highly prohibited. Please ensure you are citing your sources correctly using APA 7th edition. All assignments including discussion posts should be formatted in APA with the appropriate spacing, font, margin, and indents. Any papers not well formatted would be returned back to you, hence, I advise you review APA formatting style. I have attached a sample paper in APA format and will also post sample discussion responses in subsequent announcements.

Your initial discussion post should be a minimum of 200 words and response posts should be a minimum of 150 words. Be advised that I grade based on quality and not necessarily the number of words you post. A minimum of TWO references should be used for your initial post. For your response post, you do not need references as personal experiences would count as response posts. If you however cite anything from the literature for your response post, it is required that you cite your reference. You should include a minimum of THREE references for papers in this course. Please note that references should be no more than 5 years old except recommended as a resource for the class. Furthermore, for each discussion board question, you need ONE initial substantive response and TWO substantive responses to either your classmates or your instructor for a total of THREE responses. There are TWO discussion questions each week, hence, you need a total minimum of SIX discussion posts for each week. I usually post a discussion question each week. You could also respond to these as it would count towards your required SIX discussion posts for the week.

I understand this is a lot of information to cover in 5 weeks, however, the Bible says in Philippians 4:13 that we can do all things through Christ that strengthens us. Even in times like this, we are encouraged by God’s word that we have that ability in us to succeed with His strength. I pray that each and every one of you receives strength for this course and life generally as we navigate through this pandemic that is shaking our world today. Relax and enjoy the course!

Hi Class,

Please read through the following information on writing a Discussion question response and participation posts.

Contact me if you have any questions.

Important information on Writing a Discussion Question

• Your response needs to be a minimum of 150 words (not including your list of references)
• There needs to be at least TWO references with ONE being a peer reviewed professional journal article.
• Include in-text citations in your response
• Do not include quotes—instead summarize and paraphrase the information
• Follow APA-7th edition
• Points will be deducted if the above is not followed

Participation –replies to your classmates or instructor

• A minimum of 6 responses per week, on at least 3 days of the week.
• Each response needs at least ONE reference with citations—best if it is a peer reviewed journal article
• Each response needs to be at least 75 words in length (does not include your list of references)
• Responses need to be substantive by bringing information to the discussion or further enhance the discussion. Responses of “I agree” or “great post” does not count for the word count.
• Follow APA 7th edition
• Points will be deducted if the above is not followed
• Remember to use and follow APA-7th edition for all weekly assignments, discussion questions, and participation points.
• Here are some helpful links
• Student paper example
• Citing Sources
• The Writing Center is a great resource