Health Production Function
Capella University
BHA-FPX4112: Economics of Health Care
Dr.
October 28, 2023
Availability:In Stock
Health Production Function
Part I: Current State of Organization and Potential Changes to Align with Trends
Optum is a healthcare organization located in California. The hospital continues to play significant roles in optimizing patient satisfaction through innovative services. The mission is to make healthcare simpler and help patients feel their best. In this case, Optum strives to advance medical excellence in communities by recruiting and retaining a broad network of nurses, specialists, and physicians. The present state of the facility demonstrates efforts to maintain the highest patient satisfaction scores through advanced equipment, infrastructure, and medical procedures (Optum, 2022). The management understands calls for patient-centered care characterized by the shortest wait times, effective communication among physician and non-physician staff and flexible processing of payment and reimbursements.
New trends in the industry reinforce the need for transformations that enhance patient satisfaction across the continuum. One improvement area is the need to respond to increased demand for telehealth services. The massive acceleration in using the technology makes it a key component of Optum’s clinical setting (Busso et al., 2022). The organization needs to adopt digital health solutions that support remote patient monitoring and help expand healthcare access. Expanding Optum’s readiness means collaborating with telecommunication firms reputable for developing healthcare systems that enhance community partnerships. Increasing demand for digital health value requires Optum to demonstrate capabilities based on accessibility of services, integrated functions, and data-driven decisions. Accessibility requires investment in mobile patient portals, video interactions, and alternative visit options provided by telehealth.
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