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Critical Analysis Nursing Care for the Older Adult

Older-Adult-Care2_0Dementia is an umbrella term to describe a collection of symptoms that develop in association with a progressive disorder of the brain of which dementia of the Alzheimer’s type is the most common. Other forms of dementia include Lewy body dementia, Pick’s disease and (MID) multi-infarct dementia (Ramsay et al, 2005). The main features of dementia are a decline in memory, ability to learn and understand in a continuing progression. There are often changes in social behaviour, general motivation and the client’s ability to control their own emotions (Burgess, 2005). These changes vary from a gradual to more sudden onset that varies from individual to individual. In the early stages of dementia memory problems are often the most obvious sign (DH, 2009).

Mental health practitioners find that memory problems and other needs are only the beginning of the process in making a diagnosis. The doctor is required to check in what ways an individual is not functioning as they would expect. Assessments may be carried out at home in order to gain a clearer image of how the client is managing (Ramsay et al, 2005). The doctor will also need to know the client’s medical history including any physical illness and current medication. The doctor will also want to rule out depression as a cause of the memory problems. If the memory problems are attributed to depression, then treatment using an antidepressant could help substantially (Ramsay et al, 2005). Diagnosis is a scientific tool. Beyond that the carer requires an understanding of the client’s experience of having a problem or disorder, health and social care needs to be values based as well as evidence based. To translate this philosophy into practice requires that the assessment process be driven by the principles of partnership, holism and personalisation (Atkins et al, 2004). Assessment is a valid and integral part of any nursing intervention and must be performed in partnership with the client (RCN, 2004).

Following this, the next step is to consider involvement of various investigations, often carried out in hospital or in a clinic, including the use of blood testing, X-ray and if necessary, brain scanning to discover the cause of the symptoms (Ramsay et al, 2005).

To carry out a full assessment of the client’s problems, other practitioners are likely to play a part in the assessment as part of a multi-disciplinary team (MDT). Members of the team may include nurses, occupational therapists, psychologists, physiotherapists, social workers and doctors. Making a diagnosis is important as diagnosis affects the type of treatment used (Ramsay et al, 2005)

Difficulties that can occur in practice when attempting to engage with clients in an effective manner include; making all of the information that is being exchanged comprehensible to the client, finding methods to reduce frequency of forgetting that can occur, finding methods to encourage clients to feedback information – positive or negative to overcome any difficulties that many people can feel in clinical settings (Ley, 1997).

The reflective account outlines the importance of communication skills in practice where the nurse can be delivering care to individuals with very specific needs that must be attended to with privacy, comfort and dignity for the health and wellbeing of the patient. In the account it is clear that clients with dementia can find communication, mobility, and physical health problems difficult and in managing the care of clients with dementia although challenging, may be overcome through empathic understanding and best practice including evidence based care delivery. In relation to communication, the most suitable approach is the use of selective questioning, providing information, respecting personal dignity and being clear so that the client understands (Zimmermann, 1998).

Patient centred methods of care place demands on nurses because such a method involves responding to the cues from clients in which feelings and emotions are expressed. Nurses are required to develop the expertise to respond in an appropriate manner to the client’s feelings and emotions (Stewart et al, 1989). In order to provide high quality person centred care, the needs of each patient must be assessed individually to ascertain additional requirements that the client may have. Conversely, some clients will require less assistance than initially considered by the team. It is equally important to understand these needs in order to respect each client’s need for independence (Stewart et al, 1989). Best care can be defined by the underlying principles that communication should always be person centred (Oberg, 2003). Therefore the client should be provided with a quality standard of care that allows a sense of control over the treatment that is being provided. It is vital that the client is involved in their own care and treatment, not only does this maintain the comfort and dignity of the person, but prevents errors and miscommunication leading to an effective client/nurse relationship. In one study findings concluded that actively involving the patient in aspects of care and treatment often leads to earlier recovery and an improved quality of life (Stewart et al, 1989).

Overview of Care Practice – Reflection in Action

ageism 2In practice, a male client was confused as a result of his dementia. The client was an older adult who used a wheelchair and required assistance with mobility because of a leg amputation. Sometimes the client would try to leave his wheelchair which resulted in him falling to the floor. The client was unable to find the lavatory and was becoming increasingly frustrated by his inability to identify specific places. In addition the client became agitated and at times had difficulty with speaking. On one occasion the client called a nurse who responded to the patient, approaching him slowly from the front and greeted him, and asked “How can I help? Is everything ok?” The patient responded to the question with an answer “I need… I need to go to the…” The client repeated this statement several times with increasing sense of urgency but was unable to find the correct word to finish the sentence due to his level of confusion. The client experienced memory problems and episodes of agitation. Managing the client’s ability to be continent was another important consideration in the care of the individual as he used an attachment (catheter) and was occasionally incontinent of faeces (Johns, 2000; Schön, 1983; 1987).

The assessment phase of the nursing process is fundamental at this stage of the interaction so that the nurse was able to ascertain if the client required the use of the toilet (Kozier, 2004). The nurse asked the client if he needed to use the toilet. The client responded by nodding his head and saying “yes”. The planning phase of the nursing process is equally important at this stage. The nurse informed the client that he would show him the way and escorted the client to the toilet. When speaking to the client the nurse was careful to maintain eye-contact and speak slowly and calmly to ensure that the client would understand. Whilst being escorted the client explained that he had been incontinent of faeces. The client began apologising but the nurse reassured him and explained that he would get him some fresh clothes (Johns, 2000; Schön, 1983; 1987).

The nurse was able to provide comfort and maintain the dignity of the client as well as the client’s confidence in the nurse’s abilities. The client was reassured and an explanation of the procedure was provided to the person in a step-by-step process, asked if he understood and if he was agreeable. The client confirmed he was agreeable and began to converse with the nurse and appeared much more relaxed. The client responded with additional banter and appeared more content. The client was able to carry out more intimate aspects of his personal cleansing so that further consideration to preserving his dignity and independence was maximised. The nurse recommended that the client’s catheter bag was emptied on a more regular basis to aid comfort and reduce distress (Johns, 2000; Schön, 1983; 1987). The NMC (2008) guidelines stipulate that nurses maintain the respect, dignity and comfort of clients. After being washed the client was assisted with putting on clothing, explaining each step slowly, the client responded y following each step and no longer appeared agitated and was returned to the lounge in a wheelchair. The student reported the information to the rest of the team and discussed regular catheter care for the client.

Reflection on Action

elderly_careDuring the reflection in action (Johns, 2000; Schön, 1983; 1987) the nurse was able to quickly and effectively clean and change the client with comfort and dignity through implementation of the nursing process and incorporating the ideas of assessment, diagnosis and planning phases of care. The reflection on action (Schön, 1983; 1987) highlights what the nurse was trying to achieve and provides opportunity to consider alternatives for future practice. Care was delivered to the client using the Care Programme Approach (CPA) and the procedure implemented to offer a framework to complement policy documents and therefore allow the process to be followed. The approach allows mental health practitioners to provide a structured pattern of care throughout the process, assess client’s need, plan ways to meet the needs and check that the needs are being met (DH, 2007).

Those who experience dementia may find some tasks increasingly difficult such as everyday tasks of living, including washing and dressing without assistance or with finding the right words when talking. Interaction for the person can become increasingly difficult and distressing for the client in their relationship with others (Ramsay et al, 2005). Dementia care practice provides opportunities to mental health nurses on how to engage effectively with clients.

During the initial contact stages of any nurse and client interaction it is important that the nurse keeps the environment simplified and to eliminate noise that can distract the client (Zimmermann, 1998). It is useful if the nursing team minimises activity occurring in a shift change because a confused client may misunderstand nurses saying goodbye to each another and may wish to leave. Approaching the client slowly and making eye contact can reduce any risk of alarming the client (Zimmermann, 1998). Also the nurse should speak slowly and calmly with pauses so that the client responds to the content of the communication and not the mannerisms of the nurse (Zimmermann, 1998). These skills may help to reduce the client’s anxiety and confusion.

The National Service Framework (NSF) for older people sets out national standards and service models of health/social care that older people using mental health services can expect to receive, whether they are living at home, in care or are in hospital (DH, 2001; WAG, 2006). Older people are generally referred to as anyone aged sixty and over and the national ten year initiative is to ensure better health and social care services for people meeting the criteria. It includes older people with dementia, carers and ethnic minority groups. In addition, age discrimination and patient-centred care have been identified as two key areas. Including the NSF, there have been a number of campaigns to promote dignity in the care of older people, recognising that standards of care in some cases are poor and inadequate (DH, 2006a).

Unfortunately, there has been a lack of clarity associated with the notion of dignity and the appropriate minimum standards and/or recommendations that should be applied. For example, in an attempt to address the concerns of dignity the Department of Health published an online public survey around the views of dignity and care provision (DH, 2006a). Results of the survey reported that a many aspects of care were identified by older people as vital in maintaining dignity, such as respecting the person and communicating effectively.

The Lets Make It Happen NSF (2002) outlines eight standards of care that address issues such as age discrimination, person centred care, mental health and the promotion of health and active life in old age. The success of the NSF for Older People depends on how well it is being implemented. Lets Make It Happen follows the NSF for Older People in 2001 and focuses on examples of research and good practice through evidence based care provision, which demonstrates how implementing good practice can improve people’s quality of life and should also help to develop ideas for how the NSF might be implemented (Alzheimer’s Society, 2002).

In 2006, the Department of Health released a report: ‘A New Ambition for Old Age’, in an attempt to move the requirements outlined in the National Service Framework forward, and offers details of the next stage of healthcare reforms for older people. This documentation places older peoples’ needs as integral to care planning and delivery, with ‘respect’ and the maintenance of ‘dignity’ by recognising the existing issues around health related age discrimination (Department of Health 2006b). Furthermore, the Department of Health have established a set of benchmarking tools to ‘root out age discrimination’ and to ‘advance person-centred care’ (Department of Health 2007a). This is to be achieved, in the first place, by actively ‘listening to the views of users and carers about the services they need and want’ (Department of Health 2007a).

Within Wales the Care Programme Approach (CPA) is highly regarded as the cornerstone of the Government’s mental health policy and procedures. The framework was introduced in 2004 for the care of people with mental health issues who are accepted as clients by mental health services in an inpatient or community setting. All NHS Trusts in Wales participated in a review and all had processes in place to deliver CPA to clients (Elias & Singer, 2009). Although the review sample was small, findings were consistent across all the organisations, and demonstrated that CPA had not been implemented as effectively as it should. If this randomly selected sample is representative of all mental health services in Wales, there is a risk that services are failing clients and carers due to a lack of adequate risk management processes, a lack of focus on the outcome of patient interventions, and a lack of service planning and service models to safely and adequately meet client’s needs. Greater focus is needed on the assessment and management of risk (Elias & Singer, 2009).

Practitioners must be prepared and fully trained to fulfil the role of care co-ordinator. Information systems need to meet client needs rather than organisational priorities. The current system is very complex and bureaucratic particularly where CPA and the Unified Assessment (UA) have been integrated into a single process. A record management system needs to be developed that supports CPA and UA whilst also providing the least administrative burden for clinicians and practitioners (Elias & Singer, 2009).

A significant amount of evidence exists suggesting that providing care for a person with dementia is not only stressful, but can also have a negative impact on the carer’s mental health (Cooper et al, 1995). Recently, government policy has expressed the importance of offering support to carers. This has been highlighted by the Audit Commission report examining mental health services for older people (2000).

Research suggests that carer’s needs are multifaceted, and that support is needed at times of transition, for example diagnosis, admission of the person they are caring for to residential care and the death of the person with dementia. (Aneshensel et al, 1995). The need for more advanced training in the field of dementia care has been recognised for quite some time (Keady et al, 2003). NICE and the Social Care Institute for Excellence (SCIE) recently developed guidelines for supporting people with dementia and their carers (NICE & SCIE, 2007). The guidelines identified the main therapeutic interventions and when and why they should be used. The principal focus of care should involve maximising independent living skills and enhancing client function. This will involve assisting client’s to adapt and develop their skills to minimise the need for support (NICE & SCIE, 2007).

This should start in the early stages of the condition, and could involve a number of services and the client’s carers. Providing care in ways that promote independence is liable to take time, but it is the core intervention for people with dementia on a therapeutic basis. The NICE and SCIE (2006) guideline identified key interventions that should be utilized for maximising function. Care plans are vitally important and should include the activities that are important for maintaining independence. Care plans should take account of the individual’s type of dementia, their needs, interests, preferences and life histories (NICE & SCIE, 2006). Obtaining advice about client’s independent toilet skills is important. If the client experiences episodes of incontinence, any possible causes should be assessed and then treatment options tried before the team concludes that incontinence is permanent. Physical exercise should be encouraged when possible and facilitated in a safe environment, with assessment advice from a physiotherapist when required. As exercise is thought to help improve continence problems, loss of mobility and improve endurance, physical strength and balance in falls prevention (NICE, 2004) physical exercise should be promoted by all staff.

Therapeutic interventions for the cognitive symptoms of dementia are comprised of psychological and pharmacological treatments. However, providing supportive levels of care that encourage clients to maintain as much of their independent functions as possible is equally as important as any specific interventions for the cognitive symptoms of dementia (NICE, 2007; Moniz-Cook & Manthorpe, 2009).

Much has been written about medical and social models of dementia, some of which has implied that there are a number of different ways of looking at dementia, one as a disease model and one as a disability. Some of these differences are described in Tom Kitwood’s Dementia Reconsidered (Kitwood, 1999). Kitwood described the medical model as the ‘standard paradigm’, and argues eloquently that it is the wrong model to use. Dementia is an illness that causes a progressive decline in cognitive abilities and there are demonstrable changes to the brain. It is, however very important to remember that we are treating a person with dementia. How the condition presents depends on the clients’ personality, their relationships with others, and who they are as a person (Kitwood, 1999).

Nurses and GPs have cited inadequate professional training as one of the main factors influencing their ability to provide an optimal service to people with dementia (Iliffe & Drennan, 2001; Alzheimer’s Society, 1995). However, it is not known what method of training would equip them with the right range of knowledge and skills. Around 700,000 people in the UK have dementia, and this number is predicted to double to 1.4 million over the next 30 years (DH, 2009).

Conclusion

In summary, dementia is a debilitating disorder that is having a massive impact on mental health services. The introduction of numerous frameworks for the care of the older adult and other policy documents have set the standards expected of mental health professionals and backs up evidence based care with a high standard of principals and values (RCN, 2004; DH, 2009,). The number of people being diagnosed with a dementia is increasing, and although difficult to manage, through continued research, development and training of staff and practicing with empathy, treating clients with dignity and respect and upholding the core values of the nursing profession (NMC, 2008) dementia care services and service providers may transcend the potential difficulties that lay ahead. In these uncertain times it is comforting that the care of the older adult has not been forgotten.

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That Was Close: The Reason You Did Not Get an A!!!

71157_244704062681_As an English major at one of the top universities for the fine subject, I’ve cranked out my fair share of essays. Needless to say, I’ve experienced the entire gamut of essay writing and essay grading, and I am here to tell you that it can be enormously frustrating to put in those hours just to get a less-than-stellar grade on your essay. Especially when it counts for 35% of your grade.

Gulp.

But fear not. The fact that you didn’t get an A on your essay means that there’s always room to improve. Writing is a craft that can only be honed through observation, exposure, and practice, which you will undoubtedly get plenty of when you have to write for your GE classes, your labs, your theses… you get the point.

Your essay didn’t fall short because of your procrastinating, caffeine-fueled habits (although that certainly may factor into the end result). These are the real reasons why your essay didn’t get an A:

The Thesis Has Yet to Be Perfected

While in class, I’ve had many fellow peers comment on how they’ve never really learned how to write a proper thesis statement.

The thesis statement is the crux of your entire essay. It presents your argument and how exactly you’re going to go about proving that. As such, make sure that there is no room for confusion regarding what point you’re trying to make. Your claim should also be one that can be debated, which gives you room in your essay to address any potential counterarguments, thus making for a more sophisticated argument and paper overall.

 

You Didn’t Read Closely Enough

When I came to college, I was introduced to the concept of “close reading”, something wildly different from the essays of broadly overarching themes that I wrote back in high school. Close reading is essentially paying really close attention to a specific passage and dissecting it for meaning.

Do not underestimate what I mean by really close attention. Sometimes, you have to read so closely that you’re not dissecting sentences but words and syllables. I would’ve scoffed at first too, but that was before I earned an A on essay that spent 6 pages talking about the different permutations of “just” and “justice” and their implications in Paradise Lost.

There Was Way Too Much Fluff

If we were to put an analogy to an essay, I’d compare an essay to a nice t-bone steak. The organizational structure, including the thesis statement and topic sentences, is the bone, and you want to make sure that there’s plenty of meat sticking onto that bone. The meat is your analysis.

Now, what about the fat?

There should be only enough fat to accentuate the meat. Fat is what makes part of a great steak, but you don’t want to go overboard with it. Likewise, you want to focus on making your essay nice and trim while providing enough evidence and expository information to give your analysis the proper context. Each sentence of your essay should serve a purpose, and by no means should you try to fill up page space with words that don’t matter.

Ignored the Audience

This goes hand-in-hand with writing too much fluff. When writing your essay, you need to remember that your intended audience is your grader, most likely the TA leading your section for that specific class. Your TA probably knows everything about the text content-wise, so don’t waste their precious time or your precious space rehashing the plot. In fact, they’ll most likely ding you for including too much “plot summary”.HITLER-FAILED-

Instead, spend your time making pointed and unique observations. You don’t have to be super out-of-the-box with your ideas, but prove to your reader that you are capable of making a nuanced and logical argument.

Follow the Directions

When given your prompt, you’ll realize that there’s a small chunk of text at the beginning of the page outlining the assignment. Some of those sentences will include directions on how to format your essay and turn it in. Don’t assume that just because you’re in college, you’re suddenly all grown up and exempt from the rules. Not making sure that your essay is properly formatted and complete with header and footer or that your citations are correct is the easiest way to get points knocked off of what would normally be a compelling essay.

See Also: Why You Received “D” or “F” Grades

Your professor and graders might have over 50 essays per person to grade, so make their lives easier by just following their directions. Just do it. Please.

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Compare and Contrast the UK and the US Health Care Systems

The UK and the US health care services are great examples of publicly funded and privately funded health care systems respectively. By assessing and analysing key findings from a microeconomic standpoint, we can see significant difference between the two approaches to health care provision.

First, the role of government interventions in the provision of healthcare is to balance the demand and supply of the services; as well as prevent market failures in the form of monopoly, price fixing, and exploitation. Insurance system is also introduced to avoid information asymmetry in the market. We then look into the UK health care service and see that a public funded system will attempt to discourage market failures by avoiding information asymmetry, negative externalities and regional monopolies. However, the National Health Service (NHS) suffers from allocation and productive inefficiencies. The US system benefits from a competitive market model, this having higher levels of economic efficiency, innovation and quality of service. On the other hand, the US model is often criticised for not offering equal welfare to society, in addition, it leads to waste and the dominance of insurance companies. Finally, we will assess the role of a regulator when ensuring efficiency and competitiveness as well as discouraging market failures; whereas the role of a market form will ensure better allocative efficiency in healthcare provision.

Introduction

In the UK, the NHS has existed for over fifty years and offers health care that is free at the point of delivery for everyone. This service is funded by taxpayers for the benefit of those same taxpayers. However, the option remains available for people to purchase private health insurance if they so choose.

In the US, the majority of citizens have health insurance that is related to employment or purchases directly. The federal government only ensures public access to emergency services, regardless of an individual’s ability to pay. They also have publicly funded health care programs that cater to the elderly, the disabled and the poor.

These are two significant examples of the two different approaches to health care provision: publicly and privately funded. In this report, we are going to look into the microeconomic aspects of the two models by assessing and analysing:Healthcare-System-UK-US

  1. Health care features as policy interventions in the market
  2. The microeconomic advantages and disadvantages of the UK system
  3. The microeconomic advantages and disadvantages of the US system
  4. The role of the regulators and markets in the provision of health care

Key Findings

Health care features as policy interventions in the market

In the majority of advanced societies, access to basic and emergency health care is considered an irrefutable moral right, regardless of gender, age or creed. But through what means should a government decide it has the right to control any health care system via administration and policy? Both systems contain state owned entities which provide free health services, funded by the taxpayer, although the limitations on state services differ greatly, defining the private and public services. By its very nature, a state owned entity requires policy interventions in its administration, in order to decide what services each government chooses to provide.

As a nationalised service, both UK and US government run monopolies on health care on some level. At the same time, medical institutions such as hospitals may create localised monopolies since no other alternative may offer their services and economies of scale incentivise ‘the emergence of one large hospital in an area rather than a large number of small hospitals’. By definition, monopolies create economic inefficiencies through social loss such that a monopoly firm may retain higher profits from their personal gain. Where health care exists as a privately provided system, the same regulations and policies that are inflicted on all free enterprise may be used. Such policies exist to ensure perfect competition where possible, to prevent the formation of cartels or price fixing, and to limit the exploitation and advantages given to any natural monopoly.

With free service, demand for health care from the common citizen is at its practical maximum. The role of government is to supply this demand to the best of its ability. Such, it can be seen that the government itself has a demand for a level of health care which creates an equilibrium against what the production firms can supply. Policy intervention is therefore required to choose the appropriate level of demand the government wishes to obtain, given the cost of supply, the health demands of the people and the level of funding from taxes.

As the demand for health care is not a constant for any individual consumer, since accidents are unpredictable, a system of insurance has been adopted in many markets, whereby a prepayment to a firm is made, such that when demand for medical care is required, all costs are covered by the firm. The free health market funded by taxes may act as a proxy to an insurance system since taxes are paid regularly in exchange for returns via public services. With any insurance system, problems may arise if contracts are improperly defined or information is asymmetric, such that consumers are refused service if they are not adequately covered, or are unaware of the full extent of their insurance coverage. A policy and regulatory body may be necessary in order to ensure fair contracts are held without exploitation.

healthcare-in-canada-uk-usThe economic advantages and disadvantages of the UK system

Advantages

Health care is a complex, unique good and everybody demand it but it faces problems if it is distributed through a free-market system and not a state-funded system. Market failure can occur for many reasons and the problem of asymmetric information is one of these. This is when producers and consumers within a market have access to different levels of information, whereas a characteristic of a completely competitive market is when all economic agents have access to all information. This is the case between doctors and patients as patients have minimal information (individuals cannot treat themselves). They expect doctors to act in their best interests but this may not happen in a free market. A doctor working for a company motivated by profit may act in the best economical interests of the company when deciding how to treat a patient.

Other causes of market failure include externalities and the forming of regional monopolies. These problems do not exist in a state-funded health care system and neither do insurance related problems.

‘The main aim of the NHS is to provide a comprehensive, high quality service available on the basis of clinical need and not ability to pay’. It is also a huge job provider, increases the productivity of the economy by keeping the workforce healthy (including preventative treatments like vaccinations) and increases real GDP by raising life expectancy and therefore lengthening the average working life (Riley, 2006).

The NHS also benefits extensively from economies of scale because of its size and is good value ‘at a total cost of around 6% of the GDP’, compared with 16% of the GDP for the US (Team project guidelines).

Disadvantages

Since profit is not the main incentive behind the NHS, and prices do not play the same role as in a free market system, inefficiencies exist. The power of a competitive market suggests that the correct quantity and quality of health care would be provided at minimal cost to meet consumer demand. This would not be the case for the NHS. The distribution of resources would not produce a Pareto efficient outcome.

Demand for health care simply outstrips supply and demand will continue to grow because of ‘changes in the age structure, increasing real incomes, improvements in medical technology’ (Office of Health Economics, 2009). As the population of the UK ages, the larger number of older people will put a greater strain on the NHS, increasing real incomes cause people to raise their standards and medical developments simply increase the number of conditions that can be treated. Government expenditure on health care will therefore need to increase or health care will have to be rationed to a greater extent.

The economics advantage and disadvantage of the US system

Advantages

Health care in the US is provided by many separate legal entities both in the private sector and public sector. This is a contestable market (or free market system) where anyone, any unions, any groups, regardless public or private, can provide health care. Hence, it increases the competitive level of health care provision to consumers, increasing economic efficiency. In addition, contestable markets also rule out the chance of monopoly rule and in doing so, prevents deadweight loss to the customers. In order to stay in the market, each entity needs to maximize quality of products (insurance, drugs price, medical fees) and minimize the costs. The contestability system opens up many opportunities for businesses which allow more research about drugs and health technology which will help cost saving in medicine. Furthermore, the US has some of the best medical research systems such as the Harvard Medical School, Mayo Clinic and the Cleveland Clinic.

Disadvantages

In an article discussing the US health care crisis, Paul Krugman and Robin Wells state that the US health system favours the wealthy especially the employer (Krugman & Wells, 2006). Whereas those with higher incomes pay medical fees using pre-tax income, some firms and wealthy people get a ‘tax-break’ in the form of access to all medical services available. For example, instead of paying the tax, some corporations pay the health insurance for their employees instead.

Furthermore, Paul and Robin also argue on the heavy reliance of the Americans on health insurance which leads to waste and the domination of the insurance companies (Krugman & Wells, 2006). As of 2008, private health insurance paid for 33.5% of the total spent on health expenditures account while out-of-pocket-payments consists of only 11.9% (Centers for Medicare & Medicaid Services, 2008). As health insurance in the US is mostly distributed by the private sector (67.5% in 2007) (Centers for Medicare & Medicaid Services, 2008), many people lack health insurance. This leads to a portion of Americans who have no jobs, have no insurance and hence they are not able to get any medical services. As of 2007, there is at least 15.3% of Americans who have no insurance (Centers for Medicare & Medicaid Services, 2008).

This system helps both the government and the consumers by creating greater savings on health services. Because the government is not the only one who provides health care, the government’s share in health care should be lower compared to economies where the government provides full services to all citizens. Also, as stated above, advances in technology that reduce cost in drugs production also benefit the public sector. In 2008, the US government only accounted for 47.3% (or $1.1 trillion) in the $2.3 trillion spent on health care services and products (Centers for Medicare & Medicaid Services, 2008).

The US health care seems to favour private business over public services. However, it also creates jobs and saves money for its customers which could lead to an increase in average disposable income.

The role of a regulator and markets in the provision of health care

Health care is a good that is, generally, under-supplied and over-priced in competitive markets. The role of the government, with regards to health care, should be to sustain supply at an optimal level that would not otherwise exist in a competitive market. Therefore, given this supply of health care provided by the government, regulators should exist to ensure the efficient operation of the NHS in the UK. Due to the lack of direct competition to the NHS, supply is only a function of costs, rather than being a function of price as well as costs, only because it is provided for free to consumers who demand it. In the US, where competitive markets determine the price and quantity of health care provided, there are high fixed costs in terms of capital and equipment and that those that supply health care engage in discriminatory prices as a result of the existence of market power (Glied, 2003). Shelly Glied notes that ‘[t]hese patterns suggested that per unit costs of health care could be reduced’ (Glied, 2003). Therefore, regulators should also act to ensure the competitiveness of the entire health care market in the US and the private health market sector in the UK.

The role of markets is to, by incentivising individuals to respond to signals in the market, achieve efficiency and equity in the health care industry (Le Grand, 1998). In order to maximise the supply of health care services, maximising efficiency should be the priority role for both the National Health Service, and the private health care providers that exist in the US and the UK. Due to the competitive nature of the market for health care in the US, maximising supply should not be the priority, otherwise you may end up with an excess of supply over demand for health care – hardly an efficient allocation of resources. Instead, ensuring effective resource allocation subject to the demand and supply for health care should be the primary role for the competitive market for health care in the US.

Imperfect competition, in the form of oligopolies and asymmetric information, in the health care industry in the US, however, causes the role of the markets to be distorted often resulting in market failures such as niche markets and market segmentation (Grembowski, Diehr, & Novak, 2000). In addition, regulators should also intervene to eliminate these market failures, where possible, in the US health care system in an attempt to maximise the provision of health care to individuals.

In summary, the role of the regulators is to encourage the production of health care and the role of the markets is to allocation resources in the most efficient manner.

Conclusion

The demand for health care, when it is provided at no cost to consumers, exists at a maximum level. The supply of health care, provided by the government, is determined by a number of variables, including the costs of production and the level of funding received through taxation. When health care is provided at a positive cost consumers enter into contracts with insurance providers, this creates a situation where policy intervention becomes necessary to ensure all parties enjoy the benefits of information symmetry and properly defined contracts.

The UK model benefits from a service that is provided when needed and is not based on an individual’s ability to pay. The lack of a profit-maximising incentive within the institutions providing health care results in aid provided primarily to heal the injured rather than efficient operation becoming more important than the quality of service. However, because prices play little role in incentivising agents, inefficiencies can occur in the UK system of health care provision and is the main disadvantage of the model.

The competitive market for health care in the US means that the provided level of health care is likely to be closer to the socially optimal level of provision given the demand and supply for health care. It is also a much more contestable market, with fewer monopolies, further increasing economic efficiency. However, the positive cost of health care creates the social and political issue of whether your access to health care should be a function of your disposable income.

Regulators’ role in health care markets should be to encourage the production of health care from the sub-optimal level initially provided in competitive markets, to the more efficient level. This is achieved by regulating firms’ costs and the minimization of them in order to maximize production. This is especially important in the UK market where output of health care is only a function of costs due to the lack of competition and the publicly-funded nature of the industry. The role of markets is to determine the largest provision of health care at the lowest cost possible; the most efficient allocation of resources given the demand and supply for health care. Markets and regulators work in conjunction to solve a problem with health care under competitive markets, that they are inefficiently supplied in less-than-optimal quantities.

Recommendations

Throughout the report, we saw the characteristics, positives as well as drawbacks from the two different healthcare systems, public and private funded. We also evaluated the importance of government interventions and the role of regulators in order to avoid market failure.

In the case of the UK system, a state-funded healthcare provision ensures equal services for all citizens and no regional monopolies. The system is also benefited from massive economy-of-scale and being an effective economical tool to keep the workforce at a healthy state. However, it suffers lack of innovation and development, leading to insufficient in quality and quantity of healthcare services in long-term. Resources allocative inefficiency and waste are also major problems for the UK market. Therefore, the role of the government and regulators here needs to be more decisive. There are different ways to minimize these disadvantages in long-term, such as:

  • Increase the retirement age: Easing up the pressure from dependant population on the healthcare and insurance system.
  • Provide more vacancies as well as training for part-time staffs in NHS facilities: Enable to satisfy a higher level of demand as well as improve the quality of services.
  • Easing the immigration barriers for doctors from abroad: As high-skilled staff requires long time to train.
  • Improve the qualities of appliances in existed NHS facilities: Other than building new ones.
  • Encourage and subsidy researches: For low-price medicines, stem cell and gene technology.
  • Organize campaign and informative programs: To educate people live, keep their family and surrounding environment healthy and hygiene.

As for the US, having a competitive market model helps the healthcare system become economic efficient, offer opportunities for business which stimulate innovation and technology development, and most importantly, avoid waste for both government and citizens. But, like the UK, the US system also has its own drawbacks. The provision of special treatments is not equally distributed for everyone, and the heavy reliance of Americans on the insurance system creates exploitation and domination of insurance companies. Though, economically, the US system is working well, it still requires government interventions to ensure social welfare and equality.

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Theme Park Proposal Finance Essay: Net Present Value

Corporate finance over the last few years has really evolved, decisions regarding economic growth, resource allocation in projects by organiation requires a through systematic, analytical approach along with sound judgment. Investment (projects) appraisals and capital budgeting involves in-depth assessing of financial feasibility of the projects and the best recommended financials tools are Discounted Cash Flow (DCF), as this technique can effective be used to calculate the and carry out a costs and benefits analysis in different time periods and moreover most importantly the calculation of Net present value (NPV) uses DCF to project decisions, which would focus on the ones that generate maximum revenue and create value for the organisation undertaking the project. The costs and benefits associated with development programs can be either be social, environmental or economic in nature, but as often found has the involvement of all the three elements.

This investment review report, would look into the investment proposal made by Wonderland confectionaries Ltd, and involves diversification in business and investment in a theme park. Wonderland intends investing a total of £500 million in the project and wants to ensure the feasibility of the investment both in terms of financial and non-financial terms.

This report on the basis of the information provided by Wonderland would be using the Net Present Value (NPV) as the financial tool to calibrate the financial feasibility of the project, undertake and consider the project appraisal options and at the end recommend and comment on the overall feasibility of the proposed investment.The key objective of this report is to analyse, calculate and comment on the overall cost, in terms of employee cost, operations and insurance cost along with other overheads, also considering the source and cost of finance and its returns in regards to the expected revenue generated and the cola reflect and comment on the feasibility of the investment.

Introduction:

PepsiCo is found in the 1965 through the merger of the pepsi-cola and Frito Lays. Tropicana was acquired in 2001and PepsiCo merged with the Quaker Oats company including Gatorade, in 2001. PepsiCo’s main headquarter in New York. Now at present time there are around 200 brands available in the market. All around the world it is the 2nd number company in soft drinks. In 1987 it PepsiCo was ranked 29th in the fortune 500 whereas the cola was at 54th ranked. It is the most successful consumer product company in the world. Now it consist of Frito lays, Pepsi colas company and Tropicana products. Some of the established consumed brands are Doritos, Fritos, ruffles and lays (snacks food) and Pepsi cola; diet Pepsi and mountain dew (soft drinks).

Divisions

We report our operations results as follows, by six segments:PepsiCo Americas Beverages (PAB)Frito-Lay North America (FLNA)Quaker Foods North America (QFNA)Latin America Foods (LAF)EuropeAsia, Middle East & Africahttp://www.pepsico.com/Investors/Corporate-Profile.htmlPepsiCo mission is:”To be the world’s premier consumer Products Company focused on convenient foods and beverages. We seek to produce financial rewards to investors as we provide opportunities for growth and enrichment to our employees, our business partners and the communities in which we operate. And in everything we do, we strive for honesty, fairness and integrity”.

Pepsico’s capital structure Objectives:-

To evaluate the standard of behavior and general directions in the corporate finance.To find out and assess the nature of different sources of corporate finance.To express deep and proper knowledge in the area of corporate finance development.To express effective pathway to examine the corporate finance students.Possess the ability to plan and effective tools at professional level; make decisions in complex and able to frhold context of using reasonable decision making approach.Brief introduction to the PepsiCo capital structure:

PepsiCo is the world leader in convenient food, snacks and beverages with revenue more than $60 billion and over 285,000 employees. It generates sales at the retail level of $98 billion. Over the next 30 years, net sale grew up at an average compound rate 15% per year, with the sale doubling about every five years.PepsiCo has book liability of $18.1billionand book value for stockholders’ equity of $7.3 billion. The market value of stockholders’ equity is much greater. With the 788million common shares outstanding and a market share price is of $55.875,the market value of its stockholders’ equity is $44.0 billion, roughly six times its book value.Pepsico’s capital investing has reflects strategic investment in both industry segments as well as acquisition and investment in unconsolidated affiliates.pepsico expects its investments to generate cash returns in excess of its long term cost of capital, which is estimates to be approximates 10%. About 75% of PepsiCo’s total acquisition and investment activity represents international transactions.

PepsiCo’s vision and mission:-

Our Mission

Our mission is to be the world’s premier consumer Products Company focused on convenient foods and beverages. We seek to produce financial rewards to investors as we provide opportunities for growth and enrichment to our employees, our business partners and the communities in which we operate. And in everything we do, we strive for honesty, fairness and integrity.

Our Vision

“PepsiCo’s responsibility is to continually improve all aspects of the world in which we operate – environment, social, economic – creating a better tomorrow than today.”

Our vision is put into action through programs and a focus on environmental stewardship, activities to benefit society, and a commitment to build shareholder value by making PepsiCo a truly sustainable company.http://www.pepsico.com/Company/Our-Mission-and-Vision.html

.———————————————————————————-

Financial leverages:-

Leverage is the relationship between debt financing and equity financing, also known as the debt-to-equity ratio. A method of corporate funding in which a higher proportion of funds is raised through borrowing then stock issue, the use of fixed costs in order to increase the rate of return from an investment.Financial leverage is the ability of the firm to use fixed financial charges to magnify the effect of change in earning per share. It indicates the effects on earning due to rise of fixed cost funds.financial leverage: operating income/net incomeThe tool which we used to identify the fianancial leverage of pepsico’s are the market value and historical cost and net debt play a prominent role in quantifying the financial leverage .Question :-

Calculate PepsiCo’s net debt ratio, assuming that the present value of operating leases is five times the annual rental expense and that remitting the cash and marketable securities to the United States reduces them by 25% due to taxes and transaction costs.

The most important factor before investing the money in a company is to consider that how much debt a company is carrying. It is helpful to find out the net debt of a company. After calculating the net debt ratio people who will be able to find out the financial position of the company in which they going to invest in.As per given in the statement:-The net debt ratio, L*, is defined as

L* = (D + PVOL – CMS)/(NP + D + PVOL – CMS)

Where D is the total market value of debt,PVOL is the present value of operating leases commitments which is five times the annual rental expense,CMS is cash and marketable securities (net of the cost of remitting these funds to the United States),N is the number of common shares,And P is the price of common stock.In order to determine the net debt ratio, we have to put the values in the formula mentioned above.L* = (D + PVOL – CMS)/(NP + D + PVOL – CMS)L* = ($9453 + [$479 x 5] – $1498)/([788.00 x $55.875] + $9453 + [$479 x 5] – $1498)

L* = ($9453 + $2395 – $1498)/($44029.5 + $9453 + $2395 – $1498)L* = ($10350)/(54379.5)L* = $0.19After ascertaining the net debt ratio, we can say that it has increased by 1% from last year and if we look at debt ratio graph above, we see that PepsiCo’s net debt ratio kept on fluctuating at a higher rate in last few years. But this year it has increased only by 1% which is good for the company.

Question 2

For each firm in the table above, calculate the interest coverage ratio, the fixed charge coverage ratio, the long term debt ratio, the total debt to adjusted total capitalization (recall that adjusted capitalization includes short term debt), the rate of cash flow to long term debt, and the ratio of cash flow to total debt.

FIRM

ANNUAL EBIT

ANNUAL RENTAL EXPENSE

ANNUAL INTEREST

CASH AND MARKETABLE SECURITIES

MARKET VALUE OF LONG-TERM DEBT

MARKET VALUE OF TOTAL DEBT

ANNUAL CASH FLOW

MUNBER OF SHARES (MILLIONS)

YEAR-END SHARE PRICE

PepsiCo

$ 3,114.00

$ 479.00

$ 682.00

$ 1,498.00

$ 8,747.00

$ 9,453.00

$ 3,742.00

788.00

$ 55.875

Cadbury Shweepes

$ 661.00

$ 25.00

$ 135.00

$ 129.00

$ 864.00

$ 1,490.00

$ 492.00

247.75

$ 35.125

Coca-Cola

$ 4,600.00

Â

$ 272.00

$ 1,315.00

$ 1,141.00

$ 1,693.00

$ 3,115.00

2,504.60

$ 40.250

Coca-Cola Enterprises

$ 471.00

$ 31.00

$ 326.00

$ 8.00

$ 4,138.00

$ 4,201.00

$ 644.00

385.65

$ 10.00

McDonald

‘s

$ 2,509.00

$ 498.00

$ 340.00

$ 335.00

$ 4,258.00

$ 4,836.00

$ 2,296.00

609.70

$ 48.00

Interest Coverage Ratio = EBIT / Interest Expense

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Increasing Patient Satisfaction In Labor And Delivery Essay

newborn-babyCustomer satisfaction is an essential element in any given business enterprise and the medical sector is no exception. Although the fate of undergoing pain during delivery is inevitable for expectant women, reducing such pain to the lowest possible levels increases the satisfaction of patients. Hawkins (2010) reported that psychological stress or pain could increase maternal plasma levels of epinephrine by 25% and decreased uterine blood flow by 50% which may in turn prolong the period of labor.

Therefore pain management is important in ensuring patient satisfaction during delivery. In a study conducted by Moore et al (2010), it was found that positive doctor- patient relations increases the obstetric patients’ perceptions of physical competence of the doctor or nurse. In addition good nurse patient relationship decreases the patient’s perception that adverse medical outcome could have been caused by negligence, carelessness and poor services by the doctor or nurse. Murray (2009) notes that labor support may help in shortening a woman’s labor and reduce the need for an operative vaginal or cesarean delivery. Consequently, labor support increases the overall patient satisfaction during the delivery process.

Pain management and other ways of increasing satisfaction

There are various options that can be used by nurses to achieve effectively relieve patients of pain. Such options include the use of systematic opioids and alternative non pharmacologic options such as sterilize water injections, acupuncture and assistance from a doula and water therapy in showers or whirl pool births (Hawkins, 2010). Hypotension could similarly be reduced by engaging in good practices by patients. Hawkins adds that although there is no precise way to prevent hypotension during delivery, options which include uterine displacement, fluid administration and treatment with pressers may help in reducing the severity of the problem. Hawkins (2010) records that although severe pain is not life threatening in healthy parturient women, such pain can have neuropsychological consequences. Therefore such pain must be minimized at all costs.

Interestingly, men are also affected by labor pains of their partners. For instance, Hawkins reports that a survey of first time fathers revealed that men whose partners received an epidural felt three times as helpful and involved during labor and delivery and experienced less anxiety and stress as com[pared with men whose partners did not receive an epidural. Therefore, a woman centered care must incorporate the role of the patient’s partner in achieving maximum satisfaction.

Although several studies have focused on analyzing various ways through which pain could be relieved in the delivery rooms, other factors that affect patient satisfaction such as friendly communication between the patient and the hospital staff and the mitigation of disruptive behaviors within the hospital rooms have not been given adequate attention by researchers. There exists a significant information gap about the extent to which language barrier between patients in delivery rooms and nurses affects service delivery and patient satisfaction during the process of child delivery. Bucker et al (2013) noted that interpreters are always not available in health facilities, often forcing medical practitioners to use gestures and sign language in communicating with the patients. However, such approaches are usually unsuccessful, reducing the overall customer satisfaction. In other words, opportunities for offering pain management are always pass without being exploited because of language barrier. In addition, discrimination based on race or ethnicity is also another factor that reduces the satisfaction of patients. Although discrimination of any form is against the code of conduct in the medical industry, Bucker et al (2013) found out that patients who had different skin color or cultural background were always very sensitive to any remark made by nurses that appeared discriminatory. Consequently, their overall level of satisfaction was often affected by any kind of discriminatory remarks, behaviors or moves they experienced in the delivery rooms. However, research practitioners as well as medical scholars always underestimated the impact of discriminatory behaviors on the overall satisfaction of patients. More studies should therefore be conducted so that nurses and other medical practitioners may be equipped to handle patients who may not be sharing the same cultural background with them.MamaMe

On the other hand, the use of modern technological advancement and the careful harnessing and utilization of data is core to the achievement of patient satisfaction during delivery. Murray et al (2009) emphasizes that nurses must show competence, confidence by having an open mind, an accepting attitude, and have a broad understanding on how to handle cases related to pregnancy. He further adds that the latest technological advancements must be employed for maximum client satisfaction. Proper care requires the use of evidence based information technology to improve services and ensure peak patient care. Murray (2009) adds that a comprehensive data acquisition, attention to detail, adequate knowledge to properly understand and interpret the meaning of the data collected from patients and integrate the ideas collected with the latest information technology practices. For instance, if a report shows that patients have complains regarding the slow rate of hospital service, the nurses must exhaustively analyze all aspects of the problem, including the factors that contribute to the slow rate of customer service and the implications of using other available alternative options in mitigating the problem.

Unfortunately, little research has been done on finding ways that may help nurses to understand, adapt and cope with the traumatizing working environment in the delivery rooms. Murray et al (2009) emphasizes the need to understand the role of nurses as masters of natural birth, supporters of natural child birth and monitors of safety practices, that is, they are the immediate agents of defense in preventing and reducing the patient’s injury. Therefore a comprehensive nursing policy that gives priority to patient satisfaction during delivery must encompass an all round training to the nurses and the provision of mental and psychological safety nets that boosts their morale and shields them from mental hiccups that may result from the traumatizing scenes that they are often exposed to at their work places.

Another important aspect of patient care during delivery is the prevention of disruptive behaviors within the hospital and delivery rooms. Rosenstein (2011) notes that disruptive behaviors in the health care setting can have a significant negative impact on staff relationships, team collaboration and communication flow within any medical institution. Unfortunately, all these factors can have negative impact on the satisfaction of the patient. Although most health workers engage in unintentional disruptive behaviors, for instance, through provocative verbal responses and actions, the impact of such behaviors often result to serous dire consequences on the satisfaction of the patient. Some of these provocative responses are however brought about by the stresses associated with the nursing profession. The study by Rosenstein did not adequately address the causes of disruptive behaviors in the nursing profession. This is because efficient administration of delivery services needs a collective approach that coordinates various players such as nurses, patient and other parties such as the family. In addition, evidence based medicine complements personal judgment so that the general clinical recommendations from researchers and hospital managers are considered in the context of an individual patient. In addition it is important to note that women undergoing delivery needs enough information during delivery, a sustaining presence during labor and contact with their babies after birth (Stone et al, 2013).In Addition, teaching the patients increases their satisfaction since it helps them to make informed decisions regarding the type of medication and facilities to use (Bastable, 2005). Furthermore, the legal aspects and ethical values in the nursing industry requires nurses to adequately educate the patient on different kinds of nursing options available and the benefits and costs of each.

14102On the other hand a comprehensive training must be complemented with the availability of high tech machines that provides efficient services. For instance, a fetoscope may be necessary when there is a power failure or in a situation where a patient feels uncomfortable to use the fetal monitor (Murray et al, 2009). In addition, more research needs to be undertaken on the ways in which nurses may adopt to the cultural dynamism that exists in different parts of the globe. This is because of the variation in cultural beliefs and values across the borders of countries. Murray et al (2009) records that the norms, attitudes, values assumptions, customs and behaviors within the sub culture of labor and delivery affect the quality of and quantity of communication. Therefore, effective communication skills are core to the achievement of optimum patient satisfaction during and after delivery.

Although several studies have focused on effective pain management as a way of achieving patient satisfaction during delivery, more research needs to be done on the importance of friendly communication within delivery rooms, good inter-personal and cultural relationships with the patients and avoiding the use of harsh, discriminatory or provocative language in complementing good pain management in achieving an all round patient satisfaction.

Read Also: Compare and Contrast the UK and the US Health Care Systems