Ethical implications of leading in the healthcaare environment Essay

Ethical implications of leading in the healthcaare environment - Essay Example It is expected from all members of the organization to a show commitment towards these codes with the conduct of a professional particularly in the field of healthcare management. These codes can be viewed as a formulation of personal responsibility. The most identifiable significance being the mode of commitment that an individual possesses. In general, sense the code possesses all aspects of professional situation as both a human and a proficient member of the organization. It is obvious that an organization is formed with human aspects and for an organization to become ethical, it is important the human aspects be indulged into following the code. It is imperative that these codes of ethics would be subjective and open to individual interpretations but it should also be noted that in such incident these codes, phrases, or word of the codes would be judged upon individual approach of humane solution. (Zimmerman, 2002) In this respect of Ethics and Leadership qualities of an organization, it would be relevant to mention the emergence of Professional Care Organization (PCO, a newly established health care organization). Its very existence may be definitely seen as a paradigm shift. The clientele is the public in need of medical treatment. The organization employs a staff of 120 professionals (doctors, paramedics, assistants, nurses, health-care assistants, and maintenance staff). PCO intends to become the leading health-care services provider in its region. It also plans to alter the general conception for high medical care costs by implementing a society benefit program that will allow to significantly reducing the patients’ expenditures. The modern American health industry is going through a difficult period, one characterized by new concerns about rising health costs. The major concern that had directed medicine until that time was that Americans required more medical care—more than the marketplace would

Sample exam answers Essay Example | Topics and Well Written Essays - 1750 words

Sample exam answers - Essay Example If firm 1 decides to produce q111 then the prices will be set at P (q111 + q2). That is, for each quantity produced by firm 1, the price is given by the curve d1 (q2). This is (d1 (q2)) firm 1’s residual demand which gives all possible combinations of firm 1’s quantity and price for a given value of q2. MC=MR. the assumption that MC is constant is made. The MR curve is given as r1(q2) with twice the slope of d1(q2) and with the same vertical intercept. The point at MC and MR meets corresponds to quantity q1ii(q2) which is the optimum quantity for firm 1. If firm 2 favors a quantity corresponding to perfect competition, q2=qc whereby P (qc), then the quantity produced by firm 1 would be 0: q1ii(qc)=0. This is where MC=MR corresponding to d1 (qc) as shown in diagram below: Given the fact that demand is linear and the marginal cost is constant, the function q1ii (q2) is also clear. q1ii (q2) is firm 1’s reaction function. Firm 1’s reaction function is the choice taken by firm 1 given an action taken by firm 2. Cournot equilibrium is the point at which firm 1’s and firm 2’s reaction functions meet given that they have the same cost function. This is shown below: First degree price discrimination is a situation where the firm is charging a price that the consumer is willing to pay. With first degree price discrimination, the producer is able to extract the entire surplus from the consumer. With the 1st degree price discrimination, the profit is equal the sum of consumer surplus and producer surplus The monopoly firm will sell quantity Q* up to the point where the price of the last unit sold just covers the MC of production. The profit of the firm is given by the difference between the price it is charging on each unit and the average cost of producing Q* units of output. The profit is given by area PAMC. 1st degree price discrimination is most practiced by single seller offering different prices to different individuals. In this