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Sleep Medicine Research Paper

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MANAGERIAL ECONOMICS 407 1
ABSTRACT
This project encompasses a managerial economical view of a durable medical equipment company (DME), that is located in Spokane Valley, Washington. Within the project is a background of information regarding the company and the products and structure that define the company. It continues with some special considerations regarding the economics of sleep medicine, among other considerations. Finally, the conclusion draws the information together with the author’s opinion of how the business structure has been hugely impacted by extreme changes in the area of governmental reimbursement for products related to sleep medicine. In addition, the project includes several areas of economic principles and how they can …show more content…

The third branch is the focus of this project. In this location, I work as a Registered Respiratory Therapist who provides medical services and devices for sleep apnea patients. The devices are prescribed by a sleep physician and provide a variable pressure to the patient’s airway by a special mask, which is secured to the patient’s head by means of a headstrap. My job is to operate within my license to adjust the prescribed pressures in order that the patient’s sleep apnea be obliterated by forcing their airway open during sleep. By accomplishing this, the brain does not arouse scores of times during the night which does occur with a sleep apnea patient. These arousals cause the patient to be extremely sleepy during the day, as well as to cause their oxygen level in their body to diminish consistently. This can have major effects on all body systems as well as cause them to fall asleep during the daytime when doing such activities as driving or even talking with someone. I have seen several meat cutters with sleep apnea present in my office with missing fingers from falling asleep while cutting meat. The economical ramifications of the incidence of sleep apnea is insurmountable in …show more content…

MANAGERIAL ECONOMICS 407 7
They do exist. Increasing value added and patient surplus is paramount in receiving word of mouth advertising, which in my opinion is the biggest honor in business I can get.
Conclusion
In my opinion, the longterm prospects for Inspired Solutions is good. Even with reimbursement cuts and the craziness of dealing with Medicare and the other insurance companies, I think that with the increased demand and with the further technological advances making streamlining even more effective than it is now, the future will be more business with lower reimbursement rates. In other words, we will have to work harder for less reimbursement.
Profitability will have to be maintained by further decreasing our scale by not taking any more
Medicare patients, unless they are willing to pay out of pocket at higher levels that what
Medicare is offering. We will also have to decrease our avoidable costs when we can and keep our workforce lean, efficient and happy with where they

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