Maintaining the Loyalty of Stakeholders

To maintain political, governmental, staff, and patient loyalty, the
healthcare organization must provide a sense of organizational stability
and view of the legislative landscape. In Chapters 14 and 15 we have
researched and investigated the need to align both public opinion with
staff trust. The political landscape is the basis for healthcare policy,
guidance, state, local, and community support (both fiscal and legal)
engaging in political trade-offs to stabilize the healthcare industry
(such as in the cost, pharmaceuticals, insurance premiums, and
organizational ROI in the healthcare industry). Healthcare organizations
must provide the necessary guidance and advocacy for stakeholders in
the setting of both state and federal legislature as a voice of reason,
authority, and integrity. Provide information on the following:

  • Research a policy associated with the Affordable Care Act in
    your home state or another state that may affect healthcare reform
    and/or the way health care is provided in the chosen state.
  • Describe the policy and who wrote and/or promoted the policy legislature (provide statistical data).
  • What are the trade-offs offered to bring balance to the healthcare stakeholders?
  • What role have public perception and disinterestedness played in the valuation of healthcare performance?
  • Describe how process innovation, risk taking, health policy
    analysis, and governance “sense-making” provide balance for

Your paper

  • Must be 4 to 6 double-spaced pages in length (not including
    title and reference pages) and formatted according to APA style.
  • Must include a separate title page with the following:
    • Title of paper
    • Student’s name
    • Course name and number
    • Instructor’s name
    • Date submitted
  • Must use at least four scholarly sources in addition to the course text.
  • Must document all sources in APA style.
  • Must include a separate reference page that is formatted according to APA style.

Expert Solution Preview

The Affordable Care Act (ACA) has been a focus of attention in the healthcare industry since its implementation. This policy has a significant impact on healthcare reform, and this paper will investigate its impact on healthcare in a chosen state. Additionally, the paper will evaluate the role of trade-offs, public perceptions, and stakeholder balance in achieving effective healthcare performance.

The state of California has implemented a policy associated with the Affordable Care Act, which provides health insurance for all state residents regardless of their legal or economic status. The policy is known as the California Health Benefit Exchange, and it was promoted by the state government to address the issue of uninsured residents. The legislation enables Californians to purchase private health insurance on a state-run marketplace that offers premium subsidies. Statistical data indicates that the policy has been successful, with over 3.3 million Californians enrolled in the program (California Department of Health Care Services, 2021).

To bring balance to the healthcare stakeholders, the policy offers several trade-offs. One such trade-off is that it requires individuals to purchase health insurance or pay a penalty. This provision encourages healthier individuals to purchase insurance, thus balancing the risk pool. Additionally, the program offers premium subsidies to lower-income individuals, creating a more balanced financial burden. This policy has, in turn, allowed healthcare providers to benefit by reducing the financial burden associated with uninsured patients.

Public perception and disinterestedness have heavily influenced the valuation of healthcare performance. Negative public opinions have a strategic impact on the willingness to adopt new policies and initiatives. However, public opinion can also be leveraged to promote positive change. For example, the California Health Benefit Exchange sought to address uninsured residents, which garnered widespread public support.

Process innovation, risk-taking, health policy analysis, and governance “sense-making” play an essential role in providing balance for stakeholders. These measures create innovative approaches to healthcare delivery, address the unknown risks of a new policy, and provide effective governance. In this case, the California Health Benefit Exchange required significant innovation to build the marketplace, while risk-taking was essential in the policy’s introduction.

The Affordable Care Act has significant implications for healthcare reform. The California Health Benefit Exchange provides an excellent implementation of the policy and has demonstrated successful outcomes. Through trade-offs, public perception, and stakeholder balance, the policy has effectively addressed healthcare reform. Additionally, process innovation, risk-taking, health policy analysis, and governance “sense-making” have been instrumental in balancing the multiple stakeholders’ interests, paving the way for successful outcomes.

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