A continual effort to meet the demands of consumers has enabled the company to generate a high level of success in these rapidly evolving markets. Legal Prohibitions Governing Physician Networks Unlike the legal issues associated with a practice merger or acquisition, which include due diligence, tax, and market valuation issues the issues surrounding physician network development tend to be more focused on the economic impact of network activities.
Legal issues, technology, societal changes and trends are among common elements of the external environment. However, very few take this issue seriously.
A single strategy may relate to the achievement of more than one goal. This is perhaps the hottest topic of debate as it relates to internet based commerce.
Further, with the advent of Federally and State mandated programs like Medicare and Medicaid, the scope of regulatory and legal oversight of health care has expanded dramatically.
Recent efforts at reform have also resulted in whistleblowers becoming empowered.
To optimize the success of these strategies, opportunities should be provided for input from those who will be affected. Legal, Regulatory and Ethical issues There is a fine line separating some legal and ethical issues. Admittedly, this was uncharted territory and mistakes are normal.
More often than not, e-Business failures have involved a degree of financial mismanagement.
Degree of Exclusivity - A network is considered to be exclusive if it does not allow participating physicians to belong to competing networks, or does not allow physicians to contract with payors on terms the network itself will not accept.
Issue recognition should reflect stakeholder concerns, needs, and priorities as well as environmental factors affecting the community.
And, in keeping with a proud tradition, the legal environment of network development and operations is remarkably complex. Antitrust Federal law prevents physician combinations that restrain competition.
Tax-Exempt Hospitals and Compliance Requirements Hospitals that want to obtain or maintain tax-exempt status are required to meet specific requirements under the Patient Protection and Affordable Care Act. Changes in Reimbursement Under PPACA, reimbursement rates have changes, resulting in a significant lowering of reimbursements for some healthcare providers and increasing rates for other providers.
In addition to the qualifiers already described, multi-provider networks may be held to be in compliance if they achieve substantial clinical integration, even if there is no substantial risk sharing among physicians. The superior products of competitors outperformed both of these products by a wide margin.
Perhaps the most important external factor is a competitive analysis of other technology companies. The leadership of the company has also remained consistent for many years. Regulatory frameworks are essential for ensuring compliance with basic standards, but in some instances, the impact of regulatory as well as legal and ethical issues can be significant.
Performance measure results need to be reviewed more frequently than the strategic plan. Strategic planning for public organizations is based on the premise that leaders must be effective strategists if their organizations are to fulfill their missions, meet their mandates, and satisfy their constituents in the years head.
While it is important to balance the vision of community with available resources, the resources available should not inhibit the vision. A volatile global economy has a major influence on the business practices of Microsoft. Corporate Practice of Medicine This statute prohibits the employment of physicians or the practice of medicine by lay corporations.
These restrictions are usually inconsistent with the central purpose of the physician network, and commonly prevent the network from seeking tax exempt status. For each dissatisfied or displeased customer, rest assured, you are losing ten.
It is essential, if regulatory issues wish to be lessened that education regarding regulatory and legal initiatives is made available to all professionals. This, in turn, will necessitate a continual upgrading of the education plans in place, as new medicines, practices are introduced every day.
Legal Ethical and Regulatory Issues. Legal, Ethical & Regulatory Issues The online banking industry is a growing and a continually evolving business.
This paper will identify and describes the legal, ethical, and regulatory issues that impact online banking the Websites. The expert determines what are the legal, regulatory and economic issues that impact healthcare.
How these issues affect the development of a strategic plan are determined. The response addresses the query posted in words with APA references.
Effects of legal, regulatory & economic issues on strategic plan.
What are some legal, regulatory, and economic issues impact healthcare? How do these affect the development of a strategic plan? Legal and regulatory issues affect the development of a strategic plan because they define formal and informal rules References: Ghamdi, S.
M. Al (), The Use of Strategic Planning Tools and Techniques in Saudi Arabia: An Empirical study, International Journal of Management, Vol. 22, No. 3, p. What are some examples of regulatory issues that affect the controlling aspect of a strategic plan?
Thus, factors like economic, socio-cultural, political or technological matters have to be considered%(32).How do legal regulatory and economic issues affect the development of a strategic plan