VCU HPEX 445 Exam 1 Questions With Complete Solutions Graded A+

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 Who is Simon Sinek? - -inspirational leadership speaker: How Great Leaders Inspire Action - references to Apple, MLK, Wright Brothers What is the Great Man Theory? - Leadership theory 1920's: U.S. industrialization - traits determined leadership *male, tall, strong, caucasian * You either got it or you don'tWhat is the style approach to leadership? - instead of looking at characteristics of leader, looked at 2 BEHAVIORs 1. completing tasks 2. creating good relationships best leader is fully attentive to both behaviors What is the situational approach to leadership? - 1960s - helping all of it's people and began social problems - medicare (elderly) - medicaid (poor) -focused on leader changing behavior depending upon situation What is the Path-Goal Theory of Leadership? - -focuses on leader's style -focuses on leader's work situation - recognizes importance of setting goals for employees - leader removes obstacles -leader provides support - wants employees to achieve goals!