Week Four Discussion Question 3 How will potential risk and quality management issues affect the health care industry What about in your chosen field Please read the Week Four discussion question above this question is also posted in the Course Materials Forum Develop your thoughts and post your response into the Main Forum following this thread Please do not start a new thread for this discussion question As well you may find it helpful to review the requirements for posting a response which can be found within your syllabus You are required to post a response to two 2 DQ each week in the Main Forum Each response is to be 100 150 words Walter A Shewhart the father of formal continuous quality improvement theory noted that Price has no meaning without a measure of the quality being purchased Quality and cost are intimately related value is the combination of the quality of a product and the cost at which that level of quality is achieved When discussing the cost and quality of clinical treatments the content of care as opposed to its delivery that definition can be limited High value clinical care results from the most efficient expenditure of resources to achieve an established high level of clinical quality Health care financiers as represented by those industrial managers who are responsible for workers health care benefits have identified the value of health care as their principal focus over the next several years They want to stop the steady upward pressure of health care costs while maintaining the best possible clinical quality as reflected by clinical outcomes Most health care practitioners would agree that costs and quality are inextricably intertwined but CQI theory takes an extra step that some practitioners might find counter intuitive it asserts that high quality can lead directly to lower costs To demonstrate the boundaries of that effect the following paragraphs divide the relationship of cost and quality into five major areas 1 quality waste 2 productivity 3 maximalism versus optimalism in the face of limited resources 4 the effect of improving the best medical outcome that can be achieved through new technology new medications or new techniques and 5 environmental factors and the role of preventive medicine http intermountainhealthcare org qualityandresearch institute Documents articles qmmp pdf Risk will affect the health care industry if the guidelines and regulations are not maintained in the facility There are governmental agencies which provides the safety and protection for all patients The employees are also protected by these rules and regulations However it does play a part in the facilities focus on the maintainance of these rules and guidelines They must provide the knowledge to their employees in order to ensure that they are being followed In my chosen field there are many aspects of issues that can arise in the health care industry However it is my duty to ensure that they are being followed as a manager It is also important for me to educate myself with the new rules and regulations that may need to be enforced Therefore if it is not done it can cause fines it can put a burden on the executives of the organization