Healthcare Systems And The Healthcare System - 939 Words

With every civilian in an industrialized country there is people who get sick, and or injured. When they get injured or sick they need medical attention and healthcare. A healthcare system is defined as ‘A health system, also sometimes referred to as health care system or healthcare system, is the organization of people, institutions, and resources that deliver health care services to meet the health needs of target populations.’ With that help usually comes with a big bill for the services provided. Most civilians can’t afford that bill because it is costly. With the first health reform in fifty-years making its way across our country it is of question compared to other healthcare systems in other countries. A healthcare system is in the implementation process to which has gotten the name of ‘ObamaCare.’ It is the Patient Protection and Affordable Care Act (PPACA), or Affordable Care Act (ACA) for short. The ACA was signed into law to reform the heal th care industry by President Barack Obama in 2010 and upheld by the Supreme Court in 2012. The goal of ObamaCare is to give more American civilians affordable, good healthcare insurance. This will also try to decrease the amount of health care spending in the United States. Its secondary goal is to make affordable healthcare better, and at a better quantity. They want healthcare to be faster and more productive while being cheaper for everyone. This are paid for through taxes and subsidies and other reforms throughout theShow MoreRelatedHealthcare Systems Of The Healthcare System Essay1541 Words   |  7 PagesHealthcare business comprises of various systems that focus to address the needs of clients and patients who entirely rely on the services of these facilities for prevention, treatment, and cure of diseases. Some of these systems include home health care, hospice care, and palliative care and assisted living. This paper will focus on three healthcare systems of interest and discuss the relevance of 5 Ps of healthcare marketing. Additionally, the paper will also elaborate the potential impact of theseRead MoreHealthcare Systems And The Healthcare System1245 Words   |  5 PagesThe healthcare system in the developing countries is facing significant challenges. Despite the high expenditure on health, it has been noted that weak systems and facilities that do not have resources are contributing to poor health outcomes. With the challenges that are affecting the healthcare system in the developing nations, the information technology presents a good solution (Cline Luiz, 2013). The information technology has the potential to improve the healthcare system by reducing the costsRead MoreHealthcare Systems And The Healthcare System1554 Words   |  7 PagesThe predominant healthcare system problems in America should be conceptualized from the perspectives of the healthcare organization administrators inclusive of the people with business skills as well as he althcare providers. The issue of crisis in healthcare organizations is highly complex, and the researcher is mainly focused on unearthing the use of public relations in addressing the complex health crisis events in the United States’ current healthcare system and to offer recommendations for theRead MoreHealthcare Systems And The Healthcare System1762 Words   |  8 PagesAbstract: The US healthcare is an unstable system, even with the recent implementation of the Affordable Care Act the need to improve several components of this act, prevent it from being the model of universal healthcare which is needed for our nation. Systematically, our healthcare system has been led by insurance payers and big pharma and not by what is best for the patients/consumer. There are many variables which contributed to the challenges within our current healthcare system, the centralizationRead MoreHealthcare And The Healthcare System Essay1835 Words   |  8 PagesIt is said that a healthy nation is a wealthy nation. 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The financing for allRead MoreHealthcare Systems And The United States Healthcare System Essay1483 Words   |  6 Pages Abstract   Universal Healthcare sounds appealing, but it actually lowers the quality and quantity of healthcare services that are rendered to patients, thus downgrading the healthcare system as a whole.   Not having to pay, with everyone having coverage leads to longer wait times for medical service and many people overusing health care services. Implementation of Universal Healthcare in the United States would lead to a detrimental crippling of the nation’s health system. For those countries that

Psychology Nature Vs Nurture - 869 Words

Let’s Talk About Psychology For many years, psychologists have been interested in studying human behavior and how our brains function. Psychological research has been mainly geared towards discovering parts of the brain, and the environment that influences our behavior as individuals. In other words, research aims to provide reasons why people behave the way they do, and what makes individuals different from each other. Much to the joy of experts in the field, major strides have been made in not only understanding, but also predicting human behavior. Concepts such as the influence of nature versus nurture on personal development, introversion or extroversion, and introspection have provided more insight into the way people think and interact with others and the environment. An age-long research topic in Psychology has been the issue of nature versus nurture issue. Nature versus nurture refers to the extent to which an individual’s genetics (inherited traits) or immediate society affects his or her personal growth. A very vivid example of the role nature or nurture plays in determining will be my personality. For example, my father and mother have mild temperaments, so I was raised in a somewhat conservative home. In my case, pro-nature supporters argue that my genetic makeup will largely determine the personality traits I develop. In this case, if I inherited a mild temperament, then I will most likely reflect such personality traits. Nurture supporters on the other hand,Show MoreRelatedPsychology, Nature Vs. Nurture971 Words   |  4 Pagesthink why we are that way? The answer is found in the classic debate in Psychology, Nature vs. Nurture. Aggression is caused by learned behavior, not through genetics. There are two sides of this debate, Nature and Nurture. Nature refers to something that you’re born with and are not able to change. People that follow this are called Nativists. They believe that the traits that you have are passed down through genetics. Nurture means that your personality traits are based on your environment. ForRead MoreNature Vs. Nurture : Psychology And Biology1449 Words   |  6 Pages Nature vs. Nurture is one of the most prevalent theories in psychology and biology; scientists previously believed that personality traits were derived from either genetics or environmental elements, but more recently have concluded that both factors play a role in the expression of genes. However, the influences of genetics and environmental factors on sexual orientation is still a controversial topic which is currently being discussed in both psychological and biological debates. While many researchersRead MoreNature Vs. Nurture : A Debate Within Psychology1344 Words à ‚  |  6 Pages1 Kaeezs Mark Lee F. Tonda PSY 100 Nature Vs. Nurture There s a debate within psychology about whether certain aspects of behavior are genetic or learned characteristics. Certain physical characteristics are genetic, like color of eyes, hair type, and skin color. Other things like driving, talking, or tying your shoes are learned. People wonder if personality and mental abilities are genetic or learned. There are good arguments for both the nurture, and nature side of these three issues: intelligenceRead MoreNature Vs. Nurture And How Studying Psychology Can Improve Critical Thinking818 Words   |  4 Pagesmission of history. The study of psychologies past endeavors to help future generations of psychology-minded individuals how the past discoveries that were implemented, and altered within the field. As with any history, knowing the successes, and possible mistakes in the within the field development can only assist future experiences. 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Liberty University Psychology 101 Nature vs. Nurture There has been extensive debate between scholars in the field of psychology surrounding the Nature vs. Nurture issue. Both nature and nurture determine who we are and neither is solely independent of the other. â€Å"As the area of a rectangle is determined by its length and its width, so do biology and experience together create us.†(Myers, 2008, p. 8) Carl Gustav Jung, and leading thinker and creator of analyticalRead MoreDevelopmental Psychology1194 Words   |  5 PagesNatsuaki, M. N., . . . Leve, L. D. (2014). Adoptive parent hostility and children’s peer behavior problems: Examining the role of genetically informed child attributes on adoptive parent behavior. Developmental Psychology, 50(5), 1543-1552. This source goes against the belief that nature and nurture even paly that much of a significant role in the way children grow up to portray themselves. Elam and Shaw say that it’s all about personal choices. They feel that through their recent discoveries that thisRead MoreThe Effect Of Environmental And Genetics On The Development Of A Person1000 Words   |  4 PagesOne of these oldest arguments in the history of psychology is the debate of whether or not ones environment or genetic background plays more of a role in the development of a person. Both nature and nurture have been proven to play an important role in one’s development. Nature is what we think of as pre-wiring and is influenced by genetic inheritance and other biological factors. Nurture is generally taken as the influence of external factors after conception e.g. the product of exposure, experienceRead MoreRetrospective Analysis of Personality1043 Words   |  5 PagesRetrospective Analysis of Persona lity Intro to Psychology August 31, 2014 I found doing this paper quite exciting to a certain point, until I really took a moment to glance back into my life and see the changes that have taken place. Through the years I have wondered what made me change my personality towards the way I look at things but now I see why. I drastically made those changes due to the different people and environments I have been. My personality started out as helping anyone I couldRead MoreNature vs. Nurture: a Biblical Perspective1531 Words   |  7 PagesRUNNING TITLE: Nature vs. Nurture Nature vs. Nurture: A Biblical Perspective Ouida Lynne Heath Psychology 101, Module 5 Professor Roberts December 17, 2009 Nature vs. Nurture: A Biblical Perspective The Nature versus Nurture debate has been ongoing for centuries. People have tried to gain power through knowledge in determining what causes the human â€Å"mind to tick.† For centuries leaders and scientists have

Report On Causes of Liquidation Of The Companies in the Recent Decade

Question: Describe about the Report on Causes of Liquidation of the Companies in the Recent Decade. Answer: Introduction The objective of every business is to flourish by growing continually, achieving the targets and expanding the business as far as possible. In order to make it possible, every organization tries its best by hiring best managerial personnel and providing them with all the resources needed to accomplish the goals (Dagwell, Wines, Lambert, 2007). However, it is well known that the business is surrounded by the uncertainties and thus, the circumstances may lead to shut down the business at any stage. The shutting down of business in case of a company is followed by the liquidation process. The process of liquidation involves legal steps taken to bring the legal existence of the company to an end. In most of the cases, it is observed that the business is shut down because of poor management of the resources (Van Bael Bellis, 2003). The mismanagement of the resources creates imbalance in the assets and liabilities, which is critical for the survival of a company. In case the mismanagement is continued for longer period of time, the liabilities would pile up, and the company will be pushed into liquidation due insolvency. Further, the unethical management practices and loopholes in the governance mechanism also are important factors to be considered in regard to liquidation (Faghfouri, 2012). In the recent years, many companies have been seen to be wounded up, the prominent reason for which seems to be the huge accumulation of debt and liabilities (Van Bael Bellis, 2003). In this context, in the current report, the reasons for liquidation of the companies in the recent years have been explored. Liquidation of ABC Learning ABC Learning was a company registered in Australia and engaged in the business of running childcare centers in Australia and New Zealand. The company was running its business smoothly for several past years and grown rapidly emerging as a giant in the childcare and education market (Corbi, 2011). In the year 2005, the company purchased Learning Care Group Inc of America, which was engaged in the similar line of business with more than 400 childcare centers (BusinessWire, 2005). Everything was going according to the plans, but suddenly, one day the directors of the company announced that the company is insolvent. In November 2008, the company resolved to file a petition before court for voluntary winding up, which was a big shock to the investors (Corbi, 2011). During the proceedings of wind up, it was discovered that the company was heavily burdened with debt as depicted from the gearing ratio of 2.03 times (McRober, 2009). Further, it was observed during the inquiry that the management manipulated the book of accounts to conceal the true picture of the state of affairs to the investors and creditors (McRober, 2009). Liquidation of HIH Insurance HIH Insurance Limited was a large size company having 17 controlled entities in the group at the time when the company went into liquidation. The HIH group as a whole occupied a large share in the market (Kehl, 2001). In the year 2001, the business of the company came to an end when the court approved the liquidation petition of the company. The balance sheet of the year 2000 showed a balance of total assets of $8 billion and liabilities of $7.1 billion, which depicts a critical condition of the state of affairs of the company. It was observed that HIH acquired FAI Insurance for $300 million in the year 1999, and since then the financial position of the company got deteriorated day by day (Kehl, 2001). It has been observed that the company posted decline in the net profits amounting to 39% immediately after the acquisition of FAI. Further, the defaulting directors of the company admitted later on that they expensed more than what was legitimately required in buying FAI (Kehl, 2001). Liquidation of One.Tel One.Tel, an Australian company, engaged in the telecommunication line, was declared to be insolvent by the auditors in the year 2001. The auditors found that the company was lacking cash and facing severe financial crunch since past few years (Monem, 2016). Further, in regard to the liquidation of One.Tel, It has been observed that the year 2000 happened to be the turning year for the company. In this year, the company expanded heavy money amounting to $523 million to purchase licenses for operations. Immediately after the purchase of licenses, the financial position of the company got damaged so badly that it reported huge operating loss amounting to $291 million (Monem, 2016). Further, it has been found that the management of the company was also negligent in discharging its duties, which also contributed to the winding up of the company. Analysis of the Findings The findings of various report of investigation conducted post liquidation of the companies reveal that the primary reason for collapse of the business was mismanagement in the company. For example, the report of the investigation conducted in respect of the HIH Insurance failure revealed that the management was negligent in discharging their duties. Further, the report also revealed that the management was involved in manipulating the financial statements of the company for anterior motives (Insurance Journal, 2003). The circumventions of the management of its authorities indicate unethical conduct of the management and the failure of the governance on the part of the company. The governance and ethics plays a vital role in the success and the survival of the business, thus, there must exists a strong governance mechanism in the companies (Rezaee, 2009). The failure of companies such as ABC Learning, HIH Insurance, and One.Tel are the examples where to the role of good corporate governance could be observed. From the finding of the liquidation of these companies, the root cause was observed to be the prevalence of the unethical practices. Therefore, it is necessary that the companies include an environment of ethics by maintaining high standards of corporate governance. A detailed inquiry into the causes of failure of HIH Insurance reveals that the company became incapable of discharging the liabilities due insufficiency of the funds. It has been found that the deterioration in the companys cash position was mainly due to impudent purchase of FAI Insurance at $300 million (Kehl, 2001). In this deal the directors of the company were involved in manipulations and the same was accepted by the directors later on. Due to this deal with FAI Insurance, the company overloaded with the liabilities and eventually went into liquidation. The reason declared for liquidation of the company was insolvency caused due to inability of the company to pay off the debt owed by it. The findings reveal that the company owed $7.10 billion debt in total against the total assets of $8 billion (Kehl, 2001). This implies that the approximately 90% of the assets of the company were financed through debt, which is miserable condition of any business. However, digging out deeper into the reasons for failure of HIH insurance, it has been found out that the major reason was lack of governance. The loopholes in the system in prevalence in the company and the regulatory environment both were responsible for the failure of HIH Insurance. Therefore, it could be articulated that though liabilities being excessive was the major factor that contributed in liquidation of HIH Insurance, but this accumulation of liabilities was due to the negligent management (Kehl, 2001). Further, it has been analyzed that the collapse of HIH Insurance affected the personal and domestic insurance business in the Australia adversely. Liquidation of business is not considered in favor of the society because it causes reduction in the national output and increases the unemployment (Kehl, 2001). Due to the closer of the established business, the employees get suddenly unemployed and production of the good and services is stopped. Particularly, the collapse of the company like HIH Insurance, which was operating at a large scale, has even more catastrophic effects on the society (Kehl, 2001). Another example of collapse of business due to inability to payoff liabilities is failure of ABC Learning. The analysis of the facts and findings in regard to the failure of ABC Learning depicts that the company accumulated debt way more than its capacity to pay off. The main reason for accumulation of debt was the acquisition of Learning Care Group Inc of America. After acquiring Learning Care Group Inc of America, the gearing ratio of the company went up to 2.03 times (McRober, 2009). The gearing ratio of 2.03 times depicts that the debt owed by the company is twice of its equity, which can be considered to be potential danger to the solvency of the company. Further, in respect of failure of ABC Learning, it has been analyzed that the management policies were also the major reason. The management of the company formed business model, which looked unsustainable (McRober, 2009). In this business model, the management provided for cutting cost in the areas where it was not needed. The cost cutting in this way resulted in deterioration in the quality of the services, which gradually affected the revenues of the company. Further, the managements expansion policies were also highly criticized and these were held to be one of the primary reasons for the collapse of the company (McRober, 2009). Another case of management failure on the part of planning and framing strategies for the business came out when the OneTel got liquidated. In respect of the collapse of OneTel, it has been analyzed that the main reason was the inefficient management (Elliott, 2010). The inefficiencies of the management were clearly visible in the imprudent decision of expansion taken by it. A year before the company went into liquidation, the management decided to purchase more licenses to enhance the scale of operations. For this purpose, the management expanded an amount of $523 million, which caused serious damages to the financial health of the company (Monem, 2016). Further, it has been observed that the management of the company did not pay the required attention to the cash position. The poor planning of management and non-standardization of the sales policies caused problems of cash, which ultimately dragged the company into liquidation (Elliott, 2010). The auditors of the company found the financial position of the company miserable and pointed out the management to have a thoughtful look over the cash position of the company. However, the inflexible business modeling and failure to set correct direction on the part of the management laid the company to wind up ultimately in the year 2001 (Monem, 2016). Conclusion and Recommendations The liquidation in respect of a company means end of the legal status of the company though statutory processes prescribed in the statues. The reason for liquidation could anything such as insolvency, bankruptcy, and members discretion, but it should be resorted to at last. This means that matter giving rise to liquidation should first be tried to be sorted out mutually by the company and the creditors and if this is not possible then the legal process of winding should be resorted. This is because the liquidation affects the society as a whole adversely. From the discussion carried in this report, it has been articulated that the major reason for the liquidation of the companies was insolvency and the insolvency was being cause due to negligent management. Further, the negligent management was the result of weak corporate governance and ethical environment within the companies. In strengthening the corporate governance, the regulators play a vital role, thus, the loopholes in the regulatory mechanism in Australia could also be said to have contributed in these liquidations of the companies. Therefore, In order to stop the unethical practices and the liquidations of the companies, following recommendations have been made: The regulatory reforms in the corporate sector are inevitable and thus, more stringent regulations for the companies in regard to reporting and disclosing the state of affairs should be made (Griff, 2014). The regulators must operate transparently emphasizing the adoption of more the ethical practices by the companies. The governance mechanism of the companies should also be restructured by appointing higher level committees and establishing the oversight board (Calder, 2008). References BusinessWire. 2005. Learning Care Group, Inc. Announces Proposed Acquisition by A.B.C. Learning Centres Limited. [Online]. Available at: https://www.businesswire.com/news/home/20051115006409/en/Learning-Care-Group-Announces-Proposed-Acquisition-A.B.C [Accessed on: 02 September 2016]. Calder, A. 2008. Corporate governance: a practical guide to the legal frameworks and international codes of practice. Kogan Page Publishers. Corbi, R.J. 2011. Chapter 15 Applies to Australian Liquidation. American Bankruptcy Institute Journal, XXX (2), 1-3. Dagwell, R., Wines, G.L., and Lambert, C. 2007. Corporate Accounting in Australia. UNSW Press. Elliott, T. 2010. One.Tel one big debacle. [Online]. Available at: https://www.abc.net.au/news/2009-11-20/28324 [Accessed on: 02 September 2016]. Faghfouri, P. 2012. The role of governance structure in the context of crisis management: an empirical analysis on a German sample of non-family and family businesses. Springer Science Business Media. Griff, M. 2014. Professional Accounting Essays and Assignments. Lulu Press, Inc. Insurance Journal. 2003. HIH Report Cites Mismanagement as Cause of Collapse. [Online]. Available at: https://www.insurancejournal.com/news/international/2003/04/21/28160.htm [Accessed on: 02 September 2016]. Kehl, D. 2001. HIH Insurance Group Collapse. [Online]. Available at: https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/Publications_Archive/archive/hihinsurance [Accessed on: 02 September 2016]. McRober, A. 2009. ABC Learning Centres Limited did the annual reports give enough warning? The FINSIA Journal of Applied Finance, 1(2009), 12-15. Monem, R. 2016. The One-Tel Collapse: Lessons for Corporate Governance. [Online]. Available at: https://www98.griffith.edu.au/dspace/bitstream/handle/10072/42673/74746_1.pdf?sequence=1 [Accessed on: 02 September 2016]. Rezaee, Z. 2009. Corporate governance and ethics. John Wiley Sons. Van Bael Bellis. 2003. Business Law Guide to Belgium. Kluwer Law International.