VCU HPEX 445 Exam 1 | 98 Actual Questions and Answers 100%

5 Components Health Care System - 1. Education & Research 2. Suppliers 3. Insurers 4. Payers 5. Providers How are the majority of the population covered for health insurance? - Employer-Sponsored What are the two biggest problems? - 1. Quality of Care 2. Individual Expenditures (it's too expensive) What are the internal stakeholders for leadership? -1. Administration 2. Management Focus / Internal 3. Professionals 4. Operations What are the external stakeholders for leadership? - 1. Media 2. Vendors 3. Health Policy, Laws, Regulations 4. Community Groups 5. Financial Stakeholders 6. Strategic Partners 7. Government List some differences between leadership and management: - Leadership 1.More forward thinking2. Set direction for the organization 3. Motivate employees and stakeholders 4. Keep entity on course 5. Effective spokesperson 6. Determine strategies for future 7. Transform organization Management 1.Staffing personnel 2.Controlling Resources 3. Supervising Service Provided 4. Overseeing Adherence to Regulations 5. Counseling Employees What is followership? - complementary to leadership: - every leader there is a follower - recognize importance of respect - leaders inspire commitment