ATS2469 Chapter : VicWeek11.docx
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QUESTION 26
Age 65 has come to be considered the onset of old age in the U.S. because:
a. | This is when most older adults find their abilities diminishing | |
b. | At age 65, physical appearance makes it evident that a person is old | |
c. | This is the age identified in Social Security and Medicare at the time these were enacted | |
d. | This is the age at which life expectancy diminishes most rapidly |
1 points
QUESTION 27
The concept of "dependency ratios" has been criticized because:
Individual differences in needs as well as differences in aging and activity choices make it difficult to ascertain which generation depends on which other generations. | ||
Very few older adults ever rely on younger individuals for support and assistance | ||
The most dependent generation may well be young adults | ||
It is common knowledge that older adults are dependent on younger individuals |
1 points
QUESTION 28
Which of the following is the most accurate statement about the purpose of theory in understanding aging?
a. | Theories attempt to explai what we observe in empirical research or practice | |
b. | A goal is to consolidate practice around a simple set of principles | |
c. | Theories resolve disputes about the nature of reality and definitions of aging | |
d. | The most important purpose is to reduce apparently complex phenomena to a few basic factors |
1 points
QUESTION 29
Explanations that focus on the situations and problems that accumulate during the life span and cannot be understood separate from developmental experiences are considered to reflect:
a. | The aged | |
b. | Aging | |
c. | Age | |
d. | The meaning of life |
1 points
QUESTION 30
Early theories of aging, described later life as a:
a. | Problem | |
b. | normal, welcomed stage of life | |
c. | rare and unique process | |
d. | Too idiosyncratic for generalized description |
1 points
QUESTION 31
Theories that explain aging as resulting from the accumulation of "insults" from the environment, which eventually reach a level incompatible with life are labeled:
a. | Sociocultural theories | |
b. | Selective optimization with compensation | |
c. | Model of Human Occupation | |
d. | Stochastic theories |
1 points
QUESTION 32
Psychological theories of aging seek to explain
a. | Reasons for the emergence of mental disorders in late life | |
b. | Why older individuals are likely to be pessimistic | |
c. | Relationships among older and younger individuals | |
d. | The multiple changes in individual behavior in late life |
1 points
QUESTION 33
It is now believed that neurological theories of aging that focus on decline in neurological functioning may be:
a. | Too optimistic | |
b. | Lacking in clarity | |
c. | Too pessimistic | |
d. | Too limited |
1 points
QUESTION 34
In the theory of Selective Optimization with Compensation, "optimization" refers to the idea that:
a. | People engage in behaviors that augment or enrich their general reserves and maximize their chosen life courses | |
b. | People make efforts in middle age to accumulate needed resources to ensure successful aging | |
c. | Changing biological and psychological factors that enhance the abilities of older adults in memory and problem solving | |
d. | Political initiatives that reduce stigma associated with later life |
1 points
QUESTION 35
Mrs. Adams, an 87 year-old widow, has begun to distance herself from some of her extended family members. At the same time, she spends increasing time with her adult children, grandchildren, and some of her close neighbors. This would be an example of:
a. | The Model of Human Occupation | |
b. | Evolutionary Theory | |
c. | Cognition and Aging theories | |
d. | Socioemotional Selectivity Theory |
1 points
QUESTION 36
A theory of particular relevance to occupational and physical therapy is:
a. | Theory of Free Radicals | |
b. | Systems theory of motor control | |
c. | Stochastic theories | |
d. |
1 points
QUESTION 37
Theory is important to therapeutic decisions as a way to:
a. | Reduce the therapist's need to address individual differences | |
b. | Guide decisions about evaluation and intervention | |
c. | Minimize the idea of complexity in understanding older adults | |
d. | Clearly identify the specific evaluation instruments to be used |
(Please Summerize the work down below, thank you) | |
Political | Economic |
Growing political influences on healthcare advances | Cost of living increases |
Global government influence on healthcare cost | Cost of insurance prices |
Government control of Medicaid, Medicare funding | Rise of forecasted interest rates |
Social/Cultural | Technical or Technology |
Increase average age of population | Demand on new medical treatments |
Patient expectations increase | Customize treatments |
Demographics are in constant change | More advance service facilities |
Environmental | Legal |
Growing need for green business | Constant change of government drug Regulations |
Environmental agenda and community awareness | Consumer laws |
Health and safety regulations | |
Porters 5 forces of business model | |
Competitive Rivalry | |
Growth opportunity for healthcare companies are expected to growing the next few years | |
Increase in new revolutionary drugs both in and outside of the US | |
Threat if New Entrants | |
Strict government regulations | |
Difficult to keep up due to constant change | |
Huge startup cost | |
Substitute Products | |
Threat of other substituting product and service at lower cost | |
Bargaining Power of Customers | |
Generic drugs offered at large discount to consumer | |
Larger less customized healthcare facility with lower housing costs | |
Several facilities offering similar services. | |
Bargaining power of supplier | |
Medical suppliers have a large pricing power | |
Bargaining power of physicians and nurses is huge because of large hospital benefits |
Swot Analysis
Strengths
Highly trained and capable employees
Market experience
Strong leadership
High level of organizational efficiency
Excellent facilities
Strong commitment to bettering the community
Weaknesses
Increased cost of healthcare could lower our clientele
Limited staff resources
Limited cash flow to hire and train new employees
Lack of resources
Opportunities
Fast growing technology opens new doors for using state of the art equipment to better serve the patients. Nursing and residential care is one of the fastest growing industries Aging population Threats Uncertainty in political and economic climate causes hesitation for receiving new patients. Funding constraints Highly competitive market Product or Service Analysis Our services will be used by patients who cannot afford experimental treatments and patients who have been abandoned by the system because hospitals can no longer provide medical assistance. At our facility, we will be able to work with the families and provide them with different payments options, such as low monthly payment plans. Our main goal is to be able to treat the patient at a very affordable cost; however, if any patient does not possess the means to pay for treatment, he or she would not be turned away; our facility will tap into government and private funding to cover treatment cost. The beauty of this service is that there isnât a charge of any kind to take part in our program because it is completely funded by government grants. Individuals that would take part would more than likely not have the means to pay a monthly deductible. Due to the nature of the business listed as a non-profit agency, there is no way to make a profit of any kind, as it would jeopardize the business in its entirety. Some of the market factors that create a demand for our services include the need of medical care after having maximized all resources, the number of low income families, and the number of patients facing health issues needed extended medical care. Opportunities that may derive from this business is the opportunity to expand and open multiple facilities, while extending a helping hand to many more in need. The risk, however, is the unstable funds deriving from grants. This can pose a huge treat to the business, as grants often times come and go and cannot be counted on as a constant income. After studying the healthcare system and current policies in place, data shows many individuals facing severe health issues usually go untreated and uncared for due to the outrageous cost of medical care. It is devastating to see how often people, especially the elderly, are sent home and forgotten for the mere reason that hospitals and doctors are not willing to care for patients without financial means. In fact, in 2009 Harvard news reported 45,000 annual deaths due to lack of health coverage in the U.S. alone, which is significantly higher than the 18,000 reported by USA Today in 2002. Financial Analysis Clermont will be a nonprofit organization, dedicated to help the most needed. To open the facility fully operational we must take in consideration some fixed expenses like the land acquisition, permits, interest, brokers, administration fees, professionals (facility setup), staff, reports (environmental, occupational, fire, FDA), electricity, water, phone, water & sewer , connections, taxes, insurance, management, security, advertising, accountants, food, lawn mowers, bank fees, etc. The facility will need have a total value of approximately three million dollars, but if we break the price of the land acquisition in to a thirty (30) year mortgage we can star up the business with an investment of approximately $ 233,944.61 USD to cover the first month of operation including all the startup permits and connections. After the first month the fixed expenses will be $184,444.00 USD with the exception of the months were taxes are due; taxes are around $ 43,000.00 USD paid quarterly will increase the tax month (depending on the facility fiscal year) for $ 10,750.00 USD approximately. We will fund all the costs with private and public funding, fundraiser, events, raffles, and most important with the help of the community. As we mentioned before, Clermont is a nonprofit organization and we will do everything in our power to give the relief to the families in need. No one will be rejected because they do not have the money or the insurance cannot help. No money will be required from patient and every single dollar received will be spent in the patients, and in improving our facility and our service every day. We believe our financial even breaking point will be a year after we begin operations, and be profitable soon after. There are many patients in need, and with the government and public grants each person will receive the treatment they need, and we will become the hope of many. |