This Is 2 Seperate Assignments Please Do Not Combine Them This is 2 separate assignments. Please do not combine them!!! #1 Imagine you are considering the possibility of operating a small business or practice related to health care, either as a provider of some sort of care or as a service intended to support various provider organizations in their care-delivery activities. Describe the kind of entity you plan to establish by stating the service or services you propose to deliver and the kinds of clients or customers you would be serving. Write a few sentences offering compelling reasons for your proposed venture, explaining why you believe it is needed and by whom it is needed. Also discuss any competition you foresee. Develop an estimate of how much money you will require to become established in business, and state how you would finance your venture. Also discuss your plans for maintaining your budget. Create a mission or vision statement for your organization. #2 Identify what you believe are the top three challenges in setting up a hospital-based committee from a managerial perspective. In a 250- to 300-word post, discuss your rationale and address the following questions: Why are committees advantageous for health care organizations? What are some of the steps that you as a manager, could take to overcome these challenges? How would you address conflict and/or divisiveness within the committee or team?
Paper For Above instruction Assignment 1: Establishing a Healthcare-Related Small Business In considering the establishment of a healthcare-related small business, I propose creating a health consultancy firm that specializes in providing comprehensive health information management services to various healthcare providers. This entity would serve hospitals, clinics, private practices, and other health organizations seeking to optimize patient record management, compliance, and data security. The core service would involve consulting on electronic health records (EHR) system implementation, data privacy regulations, and workflow optimization. My rationale for this venture stems from the increasing importance of health information technology and the need for healthcare providers to comply with evolving regulations such as HIPAA. Many smaller practices lack the expertise or resources to efficiently manage health records, which affects their operational efficiency and compliance status. My firm would fill this gap, helping clients improve patient care and safeguard sensitive data. There is competition from large consulting firms; however, my targeted focus on smaller practices and personalized service would distinguish my business.