Strategic alliance on Equity-Based Health Care

Explore a strategic alliance on Equity-Based Health Care
Prior to completing this discussion topic, read What Are Strategic Alliances? (chron.com)

Address the following in your discussion post,
• Analyze potential benefits and challenges that may occur for both organizations in your assigned scenario.
• Discuss the impact the strategic alliance will have on patient care.
• Examine potential internal conflicts that might occur based on your assigned scenario.
• Illustrate three managerial challenges that might be experienced related to your assigned scenario.

 

Sample Solution

A strategic alliance on equity-based health care is an important partnership between two organizations aiming to improve healthcare access and outcomes for underserved populations. The potential benefits of such an alliance include cost savings, increased collaboration, improved knowledge sharing, and enhanced capacity for addressing issues such as health inequities (What are Strategic Alliances?, 2019). Additionally, a successful alliance could lead to reduced medical costs due to the ability to negotiate better pricing from suppliers and increased patient satisfaction through better quality care.

The impact of this strategic alliance on patient care would be significant as it works towards improving access to quality healthcare services across different demographics. An example of this might be the cooperation between hospitals and community clinics in providing additional support services such as transportation or language interpretation (What are Strategic Alliances?, 2019). This type of collaboration would allow for greater outreach efforts that would enable more people in disadvantaged communities to receive proper treatment.

Potential internal conflicts may arise out of differences in organizational culture, goals, or values which could lead to disagreements over decision making processes or policies. Competitiveness may also cause tension if one organization feels threatened by the success experienced by its partner (What are Strategic Alliances?, 2019). Additionally, challenges may emerge due to differences in business models or approaches which can create difficulty when attempting align objectives among both sides.

Three managerial challenges that might be experienced related to this scenario involve managing expectations between organizations; creating a shared vision; and ensuring effective communication within the partnership. Managers must ensure that all parties understand their roles clearly while setting realistic expectations with regards to performance metrics so everyone remains accountable for their contributions (What are Strategic Alliances?, 2019). Developing a unified mission statement will help keep both partners focused on their common goal while engaging in frequent communication can ensure that any issues are addressed before they become major roadblocks.

Pascal’s Triangle was named after Blaise Pascal. Pascal’s triangle starts with the number 1 and goes down the scale. When you start with one, add more numbers in a triangular shape, like a pyramid of some sort. All the numbers on the surrounding right and left sides of the triangle are one. The insides of the triangle are then filled out by finding the sum of the two numbers above it to its left and right (Hosch, 2009, Pierce, 2014). The formula for Pascal’s Triangle is usually written in a form “n choose k” which looks like this: (Pierce, 2014). Pascal’s Triangle is also a never ending triangle of equilaterals (Coolman, 2015). The triangle is symmetric to the other side, with means if you divide the triangle in half, the numbers on the left are the exact same numbers on the right (Pierce, 2014). To find the numbers inside of Pascal’s Triangle, you can use the following formula: nCr = n-1Cr-1 + n-1Cr. Another formula that can be used for Pascal’s Triangle is the binomial formula.

What is the Binomial Theorem?

The binomial theorem is used to find coefficients of each row by using the formula (a+b)n. Binomial means adding two together. According to Rod Pierce, binomial theorem is “what happens when you multiply a binomial by itself… many times.” (2014.) Another way of finding a solution is using binomial distribution, which is like playing a game of heads and tails. The formula for binomial distribution is: .

The binomial formula is (a+b)n. The more complex version would be:

As you can see, the binomial formula equals the “n chooses k” formula (Pierce, 2014). Binomial Distribution has to do with Pascal’s Triangle in the sense that when the nth row (from (a + b)n) is divided by 2n, that nth row becomes the binomial distribution.

Coin Tosses in Relation to Binomial Theorem

When tossing a coin, there are two possible results, head or tails. There is a ½ chance of getting heads and a ½ chance of getting tails. In the event that we flip two coins, there are four (three) conceivable results. We may get two heads, or two tails, or one head and one tail (x2). The possibility of getting two heads is one out of four, or ¼. The shot of getting two tails is ¼. The shot of getting one head and one tail is two out of four, or ½ (Spencer, 1989). As shown in the table below, the toss would represent the row in Pascal’s Triangle.

The heads and tails method for row one is like flipping two coins and getting two results. The first row is organized, 1, for getting a tails, another 1 for getting heads, and 2 for the number of coins, as explained earlier gets the order of the first row, 1 2 1.

~ Heads/Tails Chart/Diagram

Other Patterns in Pascal’s Triangle

The coin toss might be one pattern, but there are others. Some others are the “horizontal sums” (Pierce, 2014). The horizontal sums pattern is adding up the numbers in each row and getting their sums. If you keep doing this, you see the pattern where the sum doubles at each row (Pierce, 2014).

Another pattern is the “exponents of 11” pattern (Pierce, 2014). In this pattern, first, you raise 11 to 0 (110), then you raise it to the numbers after 0 (for example, 110, 111, 112, 113…). The way this relates to Pascal’s Triangle is that 110 = 1, and the number in the first row in Pascal’s Triangle is 1. 111 = 11, and the numbers in the second row are 1, 1. 112 = 121, and the numbers in the third row are 1, 2, 1. This goes on so on and

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